Streaming Analytics 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.
According to Market Research Future Analysis, Streaming analytics market has been valued at approximately USD 16 Billion by the end of forecast period with approx. 33% of CAGR during forecast period 2017 to 2023.
Streaming analytics market is defined as a branch of data analytics. Streaming analytics enable users providing with information with respect to streaming systems, development process and streaming users. Streaming analytics is used to provide solutions regarding the complexity and scalability of the data. By service segment the market is segmented into managed service and professional service. Professional service associated with cloud platforms includes selection, deployment and continuous ongoing management of cloud resources. Professional service companies possess an expertise solution and knowledge of tools and process that makes users workflows seamless and high performing. These companies are highly experienced and projects a detailed focus while offering services to small and mid-sized business. They provide a complete risk management solution and possess knowledge regarding cutting edge security features and implements them across different range of business environments.
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Major Key Players
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.
By service the market is segmented into professional service and managed service. 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.
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.
By region, MRFR analysis shows that North America region accounts for largest market share in streaming analytics market owing to growing adoption of streaming analytics solutions and tools by small and large IT enterprises in the region. Wide adoption of streaming analytics solution in IT and telecommunication sector is boosting the market in the region. Asia-Pacific region is expected to be one of the fastest growing market owing to increase adoption of cloud streaming analytics solutions by enterprises. In Asia-Pacific region countries such as China, India, South Korea and Japan will be generating high revenue in Streaming analytics market. Increased adoption of analytics tools by small and large enterprises to enhance marketing effectiveness by improving business strategies and decision is aiding the market in the region. This would further help organization to reduce the complexity related to streaming development process and enhance application performance.
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Intended Audience
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
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