Harrisburg, NC -- (SBWire) -- 01/26/2019 --"Global Streaming Analytics Market 2018-2023"The scope includes different Deployment modes of streaming analytics market, such as Cloud and on premise. The regions considered under the scope of the report include North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The streaming analytics market has been valued at USD 4.04 billion in 2017 and is expected to grow at a CAGR of 32.3% during the forecast period (2018 - 2023) to reach USD 21.6 billion by 2023.
Streaming analytics is gaining traction in various end-user industries, and has caught the eye of various enterprises for better decision making. Some of the prominent trends that the market is witnessing include rising adoption of BI tools among SME, cloud adoption and IOT applications penetration and growing need for real time data analytics are some main reasons owing to streaming analytics market growth. However, growing government stringent regulations related to data security and data breaching across the globe could be major hindrance for the growth of streaming analytics market.
Companies Include are: Ibm Corporation, Striim,Inc., Tibco Software Incorporation, Oracle Corporation, Sap Se, Software Ag Incorporation, Microsoft Corporation, Impetus Technologies Incorporation, And Apache Software Foundation, Amongst Others.
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Key Developments in the Market
March 2018: Impetus Technologies' StreamAnalytix was chosen as Advanced Manufacturing Analytics Platform in Multi-Million Dollar Deal with Large Industrial Automation Provider.
March 2018: data Artisans, founded by the original creators of Apache Flink, announced the general availability of dA Platform the industrys first turnkey stream processing platform that enables enterprises to get insights from data in milliseconds and power next-generation service-centric applications and business models.
This independent 101 pages report guarantees you will remain better informed than your competition. With over 200 tables and figures examining the Streaming Analytics market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2023.
Rising Adoption of Advanced Analytics Tools by Small and Medium Enterprises
The major driver for growing streaming analytics is due to increasing adoption among SME. As large enterprises mostly occupy on-premises tools. Due to easy accessibility and low cost, most of SME, especially of manufacturing and retail are adopting cloud based streaming tools to enhance their business and customer base. Hence, streaming analytics are fuelling business innovation and it is becoming essential that organizations can react in real time to the information they are collecting and processing as part of their business functions. Also, the exponentially growing availability of accessible, cheap data centers delivered by cloud vendors, has brought down the costs of upfront investment for small and medium businesses, thereby reducing the market entry barrier.
Adoption of On-Cloud Streaming Analytics Seeing Fastest Growth
Cloud service solutions are growing exponentially with the data they contain, which in return is growing the demand for On-cloud streaming analytics into the market. Due to cloud, the data could be taken from various streams like social media, which helps in improving decision making process during analysis. They also come with robust analytics capabilities that provide analytics on live data or per usage data as well as data lake analytics. On-cloud streaming analytics bring predictive analytics to fraud detection, real-time personalization, Cloud Machine Learning models and APIs into your streaming data pipelines.
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Essential points covered in Global Streaming Analytics Market 2018 Research are:-
What will the market size and the growth rate be in 2023?
What are the key factors driving the Global Streaming Analytics market?
What are the key market trends impacting the growth of the Global Streaming Analytics market?
What are the challenges to market growth?
Who are the key vendors in the Global Streaming Analytics market?
What are the market opportunities and threats faced by the vendors in the Global Streaming Analytics market?
What are the key outcomes of the five forces analysis of the Global Streaming Analytics market?
The research includes historic data from 2012 to 2016 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Streaming Analytics on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Streaming Analytics Market and assist manufacturers and investment organization to better grasp the development course of Streaming Analytics Market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Reasons to Buy
Current and future Streaming Analytics market outlook in the developed and emerging markets.
Analyzing various perspectives of the market with the help of Porters five forces analysis.
The segment that is expected to dominate the market.
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet (in excel)
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Streaming Analytics Market Latest Trends, Rising Demand and Applications 2019 to 2023