Cloud Streaming Analytics Market Scope
Streaming analytics that can be applied to cloud based services, is a technology that enables an organization to set up real-time analytics for computation purposes. It has major advantage of its scalability, easy handling of high throughput. Additionally, the data is streamed through various applications such as social media, different types of sensors, and other open source data platforms. The cloud streaming analytics is considered reliable as it helps in reducing the data loss, with its in-built capabilities of recovery. Rising adoption of advanced cloud streaming analytics tools by SMEs, medium and large enterprises and adoption of BI analytics in different industrial verticals. These factors are contributing to propel the market growth.
The Cloud streaming Analytic market is fragmented with several players who are involved in many strategic collaborations and product launch. For instance January 2018, Alibaba Cloud, the cloud computing arm of Alibaba Group, announced the launch of its Malaysia City Brain initiative in collaboration with the Malaysia Digital Economy Corporation (MDEC), the country’s digital economy development agency, and Dewan Bandaraya Kuala Lumpur (DBKL), the city council in the capital, at a ceremony in Kuala Lumpur. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cloud Streaming Analytics market throughout the predicted period.
Google LLC (United States), Amazon.com, Inc. (United States), IBM (United States), SAP SE (Germany), Striim (United States), Oracle Corporation (United States), Software Ag (Germany), Microsoft (United States), Impetus Technologies (United States) and Microsoft Corporation Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Apache Software Foundation (United States), Cloudera, Inc. (United States), Informatica Corporation (United States) and SQLstream (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cloud Streaming Analytics market by Type (Software and Services), by Application (Sales Terminal and Market Analysis, Analysis of User Experience, Analysis of Internet of Things, Credit Fraud Detection and Others) and Region with country level break-up.
On the basis of geography, the market of Cloud Streaming Analytics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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).
Market Leaders and their expansionary development strategies
June 2019, Intel and Lenovo have collaborated to create a real-time streaming architecture tailored to the financial services industry that uses machine learning to convert raw data into deep business insights, expediting fraud detection.
Market Trend
- Demand for Low cost Cloud Streaming Analytics Solutions and Services
- Adoption of Cloud based Analytic Solution by Small and Large Enterprises
Market Drivers
- Growing Demand for on-demand or Cloud-based Streaming Analytics Solutions
- Increasing Need to Analyze the Flowing Data across Various Segments
- Rising Consumer Purchasing Power
Opportunities
- High Internet Penetration and High Investment Cloud Based Solution and Services to Improve Business Efficiency and Productivity
Restraints
- High Cost of Cloud Based Analytic Solution May Hinder the Market Growth
Challenges
- Data Privacy and Security Concerns is posing a Challenge for the Cloud Streaming Analytics market
Key Target Audience
Cloud Streaming Analytics Investors and consultants, Cloud Streaming Analytics System Integrators, Government Organizations, Research/Consultancy firms, Cloud Streaming Analytics Technology Solution Providers, IT Solution Providers and Others