About Stream Analytics Software
Streaming analytics is the processing and analysing of data records on continue basis. It is useful for the types of data sources that send data in small sizes (often in kilobytes) in a continuous flow as the data is generated. This software helps to provide security protection by offering a rapidly connectivity. Further, it combine different events to detect security threat patterns and their risks. It offers environments which is suitable for performance & process anything from tens of thousands of events per second to millions or tens of millions per second. This software measure Latency in milliseconds or microseconds. Thus, owing to this features, it has huge demand in number of industries such as BFSI, IT, Healthcare and Others. In telecommunications and Banking industry, this software is used for monitoring applications of various sorts, predictive maintenance, and fraud detection.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
There are various companies are operating in the market to provide streaming analytics software. Increased preference for real time decision analysis and managements are impacting on the demand for streaming analytics software in positive manner. Hence to grab the opportunity associated with the market, many new market players are entering to the market. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Stream Analytics Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft(United States), Oracle(United States), Confluent, Inc. (United States), Elasticsearch B.V. (United States), IBM (United States), StreamSets (United States), Microsoft (United States), TIBCO Software Inc. (United States) and Tealium (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are OSIsoft, LLC (United States), Conviva. (United States), PubNub Inc. (Denmark), Akamai Technologies(United States) and Alibaba Cloud (China).
Segmentation Overview
AMA Research has segmented the market of Global Stream Analytics Software market by , Application (Network Optimization and Management, Fraud Detection, Location Processing and Others) and Region.
On the basis of geography, the market of Stream Analytics Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organisation Size , the sub-segment i.e. SMEs will boost the Stream Analytics Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Cloud will boost the Stream Analytics Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Government & Defence will boost the Stream Analytics Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Cloud-Based Streaming Analytics Software
Market Growth Drivers:
Ongoing involvement of AI, the Internet of Things (IoT), big data, Machine-to-Machine (M2M) communication driving the Demand and Advantages Associated with Real-time data analysis and decision-making Has Impacted on the Demand in Positive Manner
Challenges:
Unable To Combine Dynamic Data and Chance of Crash of Data
Restraints:
High Cost Related To the Deployment, Huge Dependencies on Hosted Cloud Provider and Security Concerns Regarding Data
Opportunities:
Technological Advancements with the Use of AI are Providing Lucrative Growth Opportunities to the Market and Streaming Analytics provide leads to Shift Away From Complex Event Processing
Market Leaders and their expansionary development strategies
In November 2023, Trifacta collaborates with leading IoT platform providers Partnerships to simplify real-time data ingestion and analysis for various IoT use cases.
In October 2023,Trifacta Wrangler for Streaming Data introduced a visual data wrangling tool specifically designed for streaming data, allowing users to clean, transform, and prepare real-time data for analysis.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Streaming Analytics Software Manufacturers, Suppliers, Distributors, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.