World Streaming Analytics Market Outlook to 2024 - Emerging Technologies Such as Big Data, IoT, and AI to Drive Market Growth
DUBLIN, Aug. 9, 2019 /PRNewswire/ -- The "Streaming Analytics Market by Component, Application (Predictive Asset Management, Risk Management, Location Intelligence, Sales and Marketing, Supply Chain Management), Industry Vertical, Deployment Model, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The streaming analytics market is expected to grow from USD 10.3 billion in 2019 to USD 35.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 28.2% during the forecast period.
The streaming analytics market is driven by various emerging technologies, such as big data, Internet of Things (IoT), and Artificial Intelligence (AI) a strategic shift toward real-time accurate forecast. However, the lack of integrating legacy systems into big data solutions can hinder the growth of the streaming analytics market.
Organizations generate a huge amount of unstructured data, which creates complexities in making critical business decisions. These complexities arise owing to the increasing use of cloud-based applications, sensors, machines, mobile devices and Internet of Things (IoT), such as smart homes device and Point of Sale (POS) machines among others.
Many firms are unable to manage this massive amount of data, which impacts the organization's revenue. Companies use high-performance analytics tools based on their requirements to analyze this data in real-time. Stream analytics helps develop and deploy solutions to gain real-time insights.
Some of the top streaming analytics platforms include Striim, SAS Event Stream Processing, SAP Event Stream Processor, and Oracle Stream Analytics.
Streaming analytics software and service vendors have implemented various organic and inorganic growth strategies, such as new product launches, product upgradations, partnerships and agreements, business expansions, and mergers and acquisitions, to strengthen their offerings in the market.
Services segment to grow at a higher CAGR during the forecast period
The streaming analytics market is segmented based on types, such as software and services. The services segment is expected to grow at a rapid pace during the forecast period. An efficient streaming analytics service helps organizations develop a connected environment by integrating streaming analytics solution with their existing Information Technology (IT) infrastructure.
Energy and utilities vertical to grow at the highest CAGR during the forecast period
The streaming analytics market by vertical has been segmented into Banking, Financial Services, and Insurance (BFSI), telecommunication and IT, retail and eCommerce, healthcare and life sciences, manufacturing, government, energy and utilities, transportation and logistics, media and entertainment and others (outsourcing services, travel and hospitality, and education). The energy and utility segment is projected to grow at the highest CAGR during the forecast period, owing to the growing demand for the automation of power-usage analytics applications.
Asia-Pacific to grow at the highest CAGR during the forecast period
Asia-Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The increasing investments by the tech companies in major APAC countries, such as China India, Singapore, Japan, and Rest of APAC, growing government regulations and initiatives are expected to drive the growth of the market in APAC.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Streaming Analytics Market 4.2 Market Top 3 Industry Verticals and Regions 4.3 Market Snapshot Across Regions
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Emerging Technologies Such as Big Data, IoT, and AI to Drive the Market Growth 5.2.1.2 Strategic Shift Toward Real-Time Accurate Forecasts 5.2.2 Restraints 5.2.2.1 Lack of Integrating Legacy Systems With Big Data Solutions 5.2.3 Opportunities 5.2.3.1 Real-Time Recomendations, Pattern Detection, and Anomaly Detection to Gain Traction
5.2.4 Challenges 5.2.4.1 Handling Large-Scale Data in a Decentralized Environment 5.2.4.2 Data Privacy Concerns With Data-Intensive Companies 5.3 Use Cases 5.3.1 Use Case: Scenario 1 5.3.2 Use Case: Scenario 2 5.3.3 Use Case: Scenario 3 5.4 Regulatory Implications 5.4.1 General Data Protection Regulation 5.4.2 Health Insurance Portability and Accountability Act 5.4.3 Payment Card Industry Data Security Standard 5.4.4 SOC 2 Type II Compliance 5.4.5 ISO/IEC 27001 5.4.6 the Gramm-Leach-Bliley Act
6 Streaming Analytics Market By Component 6.1 Introduction 6.2 Software 6.2.1 Need for Analyzing Real-Time Customer Behavior to Drive the Adoption of Voice Analytics Solutions 6.3 Services 6.3.1 Professional Services 6.3.1.1 Deployment and Integration 6.3.1.1.1 Growing Need to Overcome System-Related Issues Effectively to Drive Deployment and Integration Services 6.3.1.2 Support and Maintenance 6.3.1.2.1 Growing Deployment of Streaming Analytics Software to Drive the Demand for Support and Maintenance Services 6.3.2 Managed Services 6.3.2.1 Increasing Need for Monitoring and Maintaining Software Operations and Reducing Overhead Costs to Drive the Growth of Managed Services in the Market
7 Streaming Analytics Market By Application 7.1 Introduction 7.2 Fraud Detection 7.2.1 Increasing Focus on Mitigating Risk and Reducing Loss to Drive the Adoption of Streaming Analytics Software and Services 7.3 Sales and Marketing 7.3.1 Growing Need to Enhance Brand Reputation to Maintain Competitive Edge to Drive the Adoption of Streaming Analytics Software and Services in Sales and Marketing 7.4 Predictive Asset Management 7.4.1 Increasing Need to Gain Valuable Insights and to Reduce Maintenance Cost and Downtime to Drive the Adoption of Streaming Analytics Software and Services in Predictive Asset Management 7.5 Risk Management 7.5.1 Growing Data Security Breaches, and Increasing Complexities Across Business Processes to Drive Streaming Analytics Software and Services in Risk Management 7.6 Network Management and Optimization 7.6.1 Demand to Monitor, Analyze, Notify, and Detect Faults in the Entire Network Infrastructure to Fuel the Streaming Analytics Software and Services in Network Management and Optimization 7.7 Location Intelligence 7.7.1 Growing Need to Unlock the Intelligence of Location Data to Create the Demand of Streaming Analytics Software and Services 7.8 Supply Chain Management 7.8.1 Need to Track Inventory Levels and Shipments to Fuel the Growth of Streaming Analytics Software and Services in Supply Chain Management 7.9 Others
8 Streaming Analytics Market By Deployment Mode 8.1 Introduction 8.2 Cloud 8.2.1 Benefits Such as Scalability and Ease of Implementation to Boost the Growth of Cloud Deployment 8.3 On-Premises 8.3.1 Data-Sensitive Organizations Prefer the On-Premises Deployment Model for Streaming Analytics Software
9 Streaming Analytics Market By Industry Vertical 9.1 Introduction 9.2 Banking, Financial Services, and Insurance 9.2.1 Growing Need to Automate Risk Computations to Drive the Market in the BFSI Sector 9.3 Telecommunication and IT 9.3.1 Increasing Demand to Personalize Services and Deploy IoT to Boost the Adoption of Streaming Analytics Solutions in the Telecommunication and IT Industry Vertical 9.4 Retail and Ecommerce 9.4.1 Growing Demand to Identify Customer Insights to Fuel the Growth of the Retail and Ecommerce Industry Vertical 9.5 Healthcare and Life Sciences 9.5.1 Rising Demand for Monitoring Patients' Health and Offering Personalized Treatment in Real Time to Fuel the Growth of the Healthcare and Life Sciences Industry Vertical 9.6 Manufacturing 9.6.1 Growing Need to Extend the Lifespan of Factory Equipment and Reduce the Risk of Production Delays to Fuel the Growth of Streaming Analytics Applications in the Manufacturing Vertical 9.7 Government 9.7.1 Increasing Demand for Enhanced Data Security and Advanced Intelligence to Drive the Market in the Government Industry Vertical 9.8 Energy and Utilities 9.8.1 Growing Demand for Power-Usage Analytics Applications to Fuel the Growth of the Energy and Utilities Industry Vertical 9.9 Transportation and Logistics 9.9.1 Increasing Need to Gain Complete and Real-Time Visibility Into Operations to Minimize Risks to Drive the Transportation and Logistics Industry Vertical 9.10 Media and Entertainment 9.10.1 Increasing Need to Track Digital Audience Engagement and Revenue in Real Time to Accelerate the Media and Entertainment Industry Vertical 9.11 Others
10 Streaming Analytics Market By Region 10.1 Introduction 10.2 North America 10.2.1 United States 10.2.1.1 Need to Extract Maximum Value From Smart Devices to Fuel the Demand for Streaming Analytics Software in the US 10.2.2 Canada 10.2.2.1 Increase in Investments and Research Activities to Drive Streaming Analytics Software and Services Adoption in Canada 10.3 Europe 10.3.1 United Kingdom 10.3.1.1 Government Focus on Innovation and Research to Fuel the Adoption of Streaming Analytics Software in the UK 10.3.2 Germany 10.3.2.1 Growing Investments By Tech Giants to Provide Opportunities for the Development of Streaming Analytics Software in Germany 10.3.3 France 10.3.3.1 Focus on R&D and Heavy Inflow of Capital From Global Players and Investors to Drive the Market Growth in France 10.3.4 Spain 10.3.4.1 Increasing Adoption of New Technologies and Innovations to Drive the Market Growth in Spain 10.3.5 Rest of Europe 10.4 Asia Pacific 10.4.1 China 10.4.1.1 Increasing Focus on Integrating AI and Deep Learning Technologies to Drive the Adoption of Streaming Analytics Software in China 10.4.2 India 10.4.2.1 Growth in Infrastructure Development and Adoption of Connected Devices to Act as Driving Factors for the Market in India 10.4.3 Singapore 10.4.3.1 Rapid Adoption of Business Analytics to Drive the Market Growth in Singapore 10.4.4 Japan 10.4.4.1 Existing Market and Already Adopted Technology to Boost the Market Growth in Japan 10.4.5 Rest of Asia Pacific 10.5 Middle East and Africa 10.5.1 Middle East 10.5.1.1 High Internet Penetration, Coupled With Social Media Adoption, to Drive the Adoption of the Streaming Analytics Market in the Middle East 10.5.2 Africa 10.5.2.1 Transformations in the Overall Infrastructure Industry to Boost the Adoption of Streaming Analytics Software in Africa 10.6 Latin America 10.6.1 Brazil 10.6.1.1 Investments By Multinational Companies to Drive the Market Growth in Brazil 10.6.2 Mexico 10.6.2.1 Government Initiatives and Increasing Demand for Streaming Analytics Software and Services to Trigger the Market Growth in Mexico
11 Competitive Landscape 11.1 Competitive Leadership Mapping Overview 11.1.1 Visionaries 11.1.2 Innovators 11.1.3 Dynamic Differentiators 11.1.4 Emerging Companies 11.2 Strength of Product Portfolio 11.3 Business Strategy Excellence
12 Company Profiles 12.1 Introduction 12.2 IBM 12.3 Oracle 12.4 Microsoft 12.5 SAP 12.6 Software AG 12.7 SAS 12.8 Tibco 12.9 Impetus 12.10 Striim 12.11 WSO2 12.12 Informatica 12.13 SQLStream 12.14 Espertech 12.15 Inetco 12.16 Axonize
For more information about this report visit https://www.researchandmarkets.com/r/b9dhk8
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