Numerous organizations across the globe are focused on producing outsized amounts of data in a myriad type of format. In the past decade, organizations were involved in storing and capturing data and used it in order to extract insights from the database in the time of needs. Currently, various organizations are focusing on extracting the benefits of real time data analytics and have thus started to adopt streaming analytics rapidly in their overall operations. Streaming analytics aids the organizations in creating increasing revenues by increasing the total efficiency of operation and by cutting down the preventable down fall. Streaming analytics find numerous applications in concurrent marketing, customer engagement, concurrent patient monitoring system, supply chain optimization, algorithmic trading& procurement, intelligence and surveillance, vehicle tracking, IT and network monitoring, real time call center analysis, oil & gas operations management, route monitoring and other array of applications. Streaming analytics is known as a fully managed, well-organized and affordable processing engine which can help in feasible processing of real time events efficiently and effectively.
The streaming analytical market engine helps in extracting key insights from an array of data and information easily and conveniently. Despite setting up analytical computations on streaming from applications, websites and more, streaming analytics is efficiently capable of managing other high events as well. Growing demand for advanced technological solutions in order to procure real time decisions on various and dynamic business events is expected to be one of the key factorsdriving the employment of streaming analytics in large enterprises across the globe. In addition to this, increasing adoption of internet of thing in various verticals is another key aspect which is likely to boost the overall demand for data streaming solutions which is another major factor likely to drive the growth of the global streaming analytics market over the forecast phase. On the other hand, factors such as privacy concerns and data security are expected to restrain the growth of streaming analytics market. In addition, less return on investments is anticipated to hamper the overall growth of the global streaming analytics market over the forecast period.
The global Streaming analytics market can be segmented based on type, application, deployment model, industry vertical and region. Based on type, the global streaming analytics market can be segmented into software and service (professional services and managed services). On the basis of application, the global streaming analytics market can be segmented into sales and marketing management, risk management, fraud detection, predictive assist management, network management and optimization, location intelligence, operations management and other applications. By deployment model, the global streaming analytics market can be segmented into on-premises and on-demand. Based on industry vertical, the global streaming analytics market can be divided into BFSI, telecommunication & IT, retail & e-commerce, healthcare & life sciences, manufacturing, government & defense, energy & utilities, transportation & logistics, media & entertainment and others. Based on region, the global streaming analytics market can be segmented into Europe, North America, Latin America, Middle East & Africa and Asia Pacific.The markets in various other developing economies such as Russia, Argentina, Brazil, New Zealand, Indonesia, Poland, Korea and India among others are also expected to witness a rapid growth throughout the forecast period.
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Key players operating in the global streaming analytics market are concentrating on some of the major market strategies such as mergers, collaborations, partnerships and acquisitions in order to keep grip in the ever competitive global streaming analytics market. In addition, they are concentrating on collaborating with local players to boost their market reach as well as fortify their goodwill in the global market. Some of the major players involved in the global streaming analytics market include Tibco Software Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Software AG, Vitria Technology Inc., SAP SE, Informatica Corporation, Sqlstream Incorporated and SAS Institute Inc. among others.
The global streaming analytics market can be segmented:
• service (professional services and managed services)
• Fraud detection
• Sales and marketing management
• Predictive assist management
• Risk management
• Network management and optimization
• Location intelligence
• Operations management
• Other applications
By Deployment Model:
By Industry Vertical:
• Telecommunication & IT
• Retail & e-commerce
• Healthcare & life sciences
• Government & defense
• Energy & utilities
• Transportation & logistics
• Media & entertainment
• North America
• Latin America
• Middle East & Africa
• Asia Pacific
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