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Streaming Analytics Market Strategic Assessment, Technological Advancement, Comprehensive Analysis and Developments Status | Impact of COVID-19

06.30.2020 · Posted in Writing and Speaking

Market Highlights

Market Research Future (MRFR), in its latest report on the streaming analytics market, states that the market can attain a valuation of about USD 16 Bn by 2023 at 33% CAGR from 2017 to 2023. The streaming analytics market surge due to the presence of numerous advanced analytics tools developers for small and big enterprises can propel the global market growth. MRFR states that the streaming analytics market can generate substantial revenue. The need for better business efficiency and high productivity are prompting the adoption of BI analytics. This can generate numerous growth opportunities across industrial verticals that can boost the market expansion.

Rising demand for real-time data analytics and enhanced customer engagement is inducing high demand for data analytics solution, resulting in the significant expansion of the global streaming analytics market. The widespread application of streaming analytics in algorithmic trading, supply chain optimization, intelligence and surveillance, real-time patient monitoring system and others are aiding the growth of the global streaming analytics market. However, concerns regarding data security and privacy and low return on investment are some of the factors that are restraining the growth of the global streaming analytics market during the forecast period.

Segmentation:

The study of the streaming analytics market trends based on components, application, deployment, organization size, and vertical. The component-based segments of the streaming analytics market are software and service. The service segment consists of professional and managed service. The high demand for managed services for proactive management of IT assets can bolster the expansion of the streaming analytics market. The proactive delivery of services offered by managed services can bolster the expansion of the streaming analytics market. The high volume of data in IT sector demand for effective solutions to data handling. Thus, the high rate of adoption of managed services of streaming analytics can impel market expansion. Digital information, need for better security, and increase in the trend of BYOD (bring your own device), need for flexibility to match customized requirements, and constant surge in the dependency over heterogeneous networks are factors that are expected to prompt the managed service segment of the streaming analytics market. In addition, the need for simplifying the mounting complexities via technological solutions is also expected to promote the growth of the market.

The deployment-based segments of the streaming analytics market are on-premise and cloud. The cloud solution is expected to garner the lion’s share of the global market. The need for minimizing cost related to IT infrastructure is prompting the adoption of cloud solution. As enterprises focus on core business competencies, the global streaming analytics market is expected to attain high valuation. The need for data security and protection, high efficiency of for manage storage, resolution of privacy issues, and need for data integrity can bolster the cloud analytics market. Cloud-based streaming analytics can provide information associated with the management and coordination of business activities that can help to surge the overall business productivity.

Key Players

MRFR profiled some prominent names in the streaming analytics market. They are; Microsoft Corporation (U.S.), Apache Software Foundation (U.S.), SAP SE (Germany), Datatorrent (U.S.), Informatica Corporation (U.S.), Oracle Corporation (U.S.), Software Ag (Germany), Impetus Technologies (U.S.), Tibco Software (U.S.), SQLstream (U.S.), and others.

Regional Analysis

Geographically, the global streaming analytics market has been segmented into four major regions such as Europe, North America, Asia Pacific, and the rest of the world. increasing adoption of cloud-based solutions and high demand for improving information governance in various organizations are driving the streaming analytics market in the North America region. The streaming analytics market in the Asia Pacific region is majorly driven by increasing investment into research and development of upgraded streaming analytics technology and increasing adoption of this service in various industry verticals in this region. The Asia Pacific region is also considered to be growing at comparatively faster growth rate in the global streaming analytics market during the forecast period. The Europe region is projecting rapid growth in the global streaming analytics market owing to the high adoption rate of this service in various industrial sectors in this region.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/streaming-analytics-market-4409 

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