What is Real Time Analytics?
The ability to analyze and react to data is becoming increasingly important in any business organization. Changing customer demand creates the need to examine data quickly. As the amount and complexity of data increase, the need for final analysis increases. In order to manage huge amounts of data and make decisions, they need to analyze data in real-time. Real-time analytics is the ability to use data and related resources in real-time as soon as the data enters the system. By using this method, the information is available to the organizations almost immediately, which improves the operation of an organization. Real-time analysis is also known as dynamic analysis. In this process, some patterns are defined to give the business meaning. A company's analysts gather valuable information by sorting and analyzing this data.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Microsoft Corporation (United States), SAP SE (Germany), Oracle Corporation (United States), IBM Corporation (United States), Informatica Corporation (United States), Amdocs Corporation (United States), Infosys Limited (India), Google LLC (United States), Impetus Technologies (United States) and MongoDB, Inc. (United States) |
The study covers a detailed analysis segmented by key business segments i.e. , by application (BFSI, Manufacturing, Media and Entertainment, Government, Retail and Wholesale, Military, Warehouses and Scientific Analysis) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Real Time Analytics market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Real Time Analytics market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Microsoft Corporation (United States), SAP SE (Germany), Oracle Corporation (United States), IBM Corporation (United States), Informatica Corporation (United States), Amdocs Corporation (United States), Infosys Limited (India), Google LLC (United States), Impetus Technologies (United States) and MongoDB, Inc. (United States).
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Influencing Trend:
An Increase in Taking Decisions Rapidly and Increasing the Adoption Rate of the Technology
Market Growth Drivers:
The Changing Demand of Customers, Generate the Need to Examine Data Quickly and The Increasing Volumes and Complexity of Data
Challenges:
Lack of Technical Expertise
Restraints:
High Cost of Implementation
Opportunities:
Increase In Use of Real-Time Analytics in Artificial Intelligence and Emerging Technologies of the Internet of Things (IoT)
Key highlights of the Global Real Time Analytics market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Real Time Analytics market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Real Time Analytics market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Real Time Analytics Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Real Time Analytics market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Real Time Analytics market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Real-Time Analytics, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.