Pune, India -- (SBWIRE) -- 02/01/2018 -- Market Overview:
In streaming analytics market, digitization and advanced analytics technology is one of the significant factor driving the market. Digitization in streaming analytics technology helps organization by providing seamless platform to handle large data and increases efficiency and accuracy in business operations. Digital technology supports both upstream and downstream streaming analytics activities. Streaming analytics solution enable organization by consolidating the streaming development data that is gathered through multiple channels and helps organization to recognized evolving trends and patterns is boosting the streaming analytics market. By vertical segment, IT and telecommunication sector acquires highest market share owing to better analysis offered by streaming analytics tools that is benefitting banking and manufacturing business and is further fueling the market growth.
The segmentation on the basis of deployment includes cloud and on-premise. Cloud solution accounts for highest market share as it helps enterprises by minimizing cost associated with the IT infrastructure. Cloud solution enables enterprise to focus on core business competencies. It provides enterprises with data protection and security, efficiently manage storage and privacy issues, offers data integrity and provides information related to governance and make enterprise legally prepared.
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The prominent players in the streaming analytics market are – Apache Software Foundation (U.S.), Microsoft Corporation (U.S.), Datatorrent (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Informatica Corporation (U.S.), Software Ag (Germany), Tibco Software (U.S.), Impetus Technologies (U.S.), SQLstream (U.S.) among others.
The streaming analytics market is expected to grow at approximately USD 16 Billion by 2023, at 33% of CAGR between 2017 and 2023.
Market Research Analysis:
The streaming analytics market in North America region is growing due to high adoption of cloud solutions by enterprise and need to improve information governance in organizations. According to the study, the streaming analytics market will show rapid growth in Europe region. Asia-Pacific market is estimated to be one of the fastest growing market as it is continuously investing into research and development of streaming analytics market and growing analytics trends to attract more users is driving streaming analytics market in the region. Increasing population, and growing IT landscape is boosting the market in the region. The region is witnessing high adoption of streaming analytics tools by enterprises. Developing countries such as India and China are adopting streaming analytics tools at large scale owing to high amount of data generation from numerous industries and the need to designed streaming to store those data and for efficient management of business is one of the prime factor that is boosting the market in the region. By vertical segment, BFSI and IT & telecommunication sector is driving the streaming analytics market. The region is witnessing high growth in streaming analytics market due to growing technological advancement in cloud, analytics and business intelligence.
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Streaming Analytics Market Segmentation
The streaming analytics market has been segmented on the basis of component, application, deployment, organization size and vertical. The service segment includes media services associated with video streaming is based on REST APIs that offers secure upload, store, encode, and package video or audio content. The video content can be streamed through on-demand and live streaming and is delivered to various clients that includes TV, PC, tablets and mobile devices.
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
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