Streaming Analytics Market (2023-2030)
is projected to reach $73.27 billion by 2030, at a CAGR of 19.7% during the forecast period of 2023–2030.
- Published
- Jun 2023
- Pages
- 248
- Format
- PDF + Excel
- Report ID
- MRICT - 104818
- Base year
- 2022
- 2030 · FORECAST
- $73.27B
- 2030
- $73.27B
- CAGR 2023–2030
- 19.7%
2022 baseline · 2023–2030 forecast at 19.7% CAGR · hover a bar for the value
Key highlights
is projected to reach $73.27 billion by 2030, at a CAGR of 19.7% during the forecast period of 2023–2030.
The customer analytics segment is expected to account for the largest share of the global streaming analytics market.
The Retail Segment is Projected to Record the Fastest Growth Rate During the Forecast Period
In 2023, Asia-Pacific is expected to account for the largest share of the global streaming analytics market. Increasing digitization, rising sales of smartphones and tablets, growing adoption of consumer IoT devices, and increasing disposable incomes in economies such as China, India, and Japan have emerged as the key growth drivers for the regional market.
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023–2030 |
| Market Size (2030) | USD 73.27 billion |
| CAGR (2023–2030) | 19.7% |
| Format | PDF, Excel & Cloud Portal · 248 pages |
| Segments Covered | By Offering: Platforms, Services Professional Services, Managed Services · By Deployment Mode: On-premise Deployments, Cloud-based Deployments · By Application: Fraud Detection, Customer Analytics, Sales & Marketing, Predictive Asset Management, Risk Management, Network Management & Optimization, Location Intelligence, Supply Chain Management, Other Applications · By Organization Size: Large Enterprises, Small & Medium-sized Enterprises · By Sector: Media & Entertainment, BFSI, IT & Telecom, Retail, Healthcare & Life Sciences, Government, Manufacturing, Transportation & Logistics, Energy & Utilities, Other Sectors |
| Countries Covered | North America (Canada), Europe (U.K., Germany, France, Italy, Spain, Switzerland, Netherlands, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea) |
| Key Companies | IBM Corporation (U.S.), Informatica Inc. (U.S.), Microsoft Corporation (U.S.), SAP SE, Striim, Inc. (U.S.), Oracle Corporation (U.S.), SAS Institute Inc. (U.S.), SQLstream (U.S.) a subsidiary of Thales Group, Software AG, TIBCO Software Inc. (U.S.), Cloudera, Inc. (U.S.), Teradata Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Impetus Technologies, Inc. (U.S.), Hewlett Packard Enterprise Company (U.S.) |
Report overview
Segments covered: offering, deployment mode, application, organization size, sector. Regions: North America, Europe, Asia-Pacific.
The growth of the streaming analytics market is driven by the growing adoption of streaming analytics platforms for faster insights and actions and the growth in industrial automation. However, streaming analytics solutions’ lack of integration with legacy systems restrains the growth of this market.
The development of new data integration and high event stream analytics capabilities is expected to generate growth opportunities for the players operating in this market. However, factors such as data security & privacy issues and the infrastructure requirements and complex architectures of streaming analytics solutions are major challenges for market growth. Additionally, the growing adoption of cloud-based streaming analytics platforms is a prominent trend in the streaming analytics market.
Report infographic
Market dynamics
6 factors across 1 forceHeathrow Airport (U.K.) uses the Microdot
Azure streaming analytics platform to pull data from back-end business systems and push it to Power BI, providing employees with real-time insights into airport passenger traffic.
Aeroporto di Roma,
Italy's largest airport management company, uses the TIBCO streaming analytics platform to integrate and correlate all information to understand customer behaviors, manage operational situations, and prevent critical events.
Hunt Oil Co. (U.S.) implemented the
TIBCO Drilling Accelerator to connect all of its streaming data, increasing its development agility for new solution-driven projects.
Ovo (Indonesia),
a part of the Lippo Group and Indonesia’s largest payment, rewards, and financial services platform, uses the Informatics streaming analytics platform to increase customer engagement with the Ovo ecosystem.
Medtronic (Ireland),
a global healthcare solutions company, worked with the IBM Analytics and Watson Health teams to develop the Sugar.IQ with Watson solution provides real-time actionable glucose insights and predictions for individuals with diabetes, making diabetes management easier.
Anheuser Busch InBev (Belgium),
a brewing company, uses Azure data services, including Azure Stream Analytics, to optimize inventory, reduce out-of-stock scenarios, and better forecast future retailer consumption trends.
Table of contents
13 chapters · 117 sections · 248 pages · click to expandSegmental analysis
| Segment | Largest share (2023) | Fastest growth (2023–2030) |
|---|---|---|
| By Application | Customer Analytics | — |
| By Sector | — | Retail Segment is Projected to |
By Application
- The customer analytics segment is expected to account for the largest share of the global streaming analytics market.
- The segment’s large market share is attributed to organizations’ rising need to retain customers through improved customer satisfaction, gain a competitive advantage in the market, boost customer loyalty, improve brand reputation, and accelerate overall business growth.
By Sector
- The Retail Segment is Projected to Record the Fastest Growth Rate During the Forecast Period
- The IT & Telecom segment is expected to account for the largest share of the global streaming analytics market.
- However, the retail segment is projected to record the highest CAGR during the forecast period.
- Companies from the retail sector have access to multiple data streams.
- Analyzing this data is important for retail activities, including predicting inventory reorder times and shortages, fulfilling shipments, tracking customer activity and business trends to offer personalized products/services/discounts to customers, and geo-targeted mobile marketing.
- Thus, the growing adoption of streaming analytics solutions among retailers for improving supply chain visibility, ensuring customer loyalty through personalized campaigns and location-based microservices, and detecting and preventing fraud is expected to drive the growth of this segment.
Geographic analysis
Asia-Pacific
Largest shareIn 2023, Asia-Pacific is expected to account for the largest share of the global streaming analytics market. Increasing digitization, rising sales of smartphones and tablets, growing adoption of consumer IoT devices, and increasing disposable incomes in economies such as China, India, and Japan have emerged as the key growth drivers for the regional market. The demand for streaming analytics in APAC is expected to continue growing as organizations recognize the need to harness real-time insights from streaming data to drive business growth, enhance customer experiences, optimize operations, and stay competitive in the digital age. Furthermore, the continuous rollout of high-speed wireless internet networks and the focus of developing economies on improving legacy infrastructure have improved internet penetration in the Asia-Pacific region. Enhanced internet connectivity has enabled companies to easily deploy advanced IoT sensors and devices for process monitoring and control. This is expected to provide opportunities for the growth of streaming analytics. Asia-Pacific: Largest Regional Market
Competitive landscape
- IBM Corporation (U.S.)
- Informatica Inc. (U.S.)
- Microsoft Corporation (U.S.)
- SAP SE · Germany
- Striim, Inc. (U.S.)
- Oracle Corporation (U.S.)
- SAS Institute Inc. (U.S.)
- SQLstream (U.S.) a subsidiary of Thales Group · France
- Software AG · Germany
- TIBCO Software Inc. (U.S.)
- Cloudera, Inc. (U.S.)
- Teradata Corporation (U.S.)
- Amazon Web Services, Inc. (U.S.)
- Impetus Technologies, Inc. (U.S.)
- Hewlett Packard Enterprise Company (U.S.)
Frequently asked questions
The global streaming analytics market is projected to reach $73.27 billion by 2030, at a CAGR of 19.7% during the forecast period.
Cite this report
Meticulous Research. (2023). Streaming Analytics Market - Global Opportunity Analysis and Industry Forecast (2023-2030) (Report No. MRICT - 104818). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/streaming-analytics-market-5502