Now Available: Streaming Analytics Market - Global Forecast to 2021
New Computer Technology research report from Markets and Markets is now available from Fast Market Research
[ClickPress, Wed Jul 20 2016] Streaming Analytics Market by Type (Solution & Services), Applications (Fraud Detection, Sales & Marketing Management, Predictive Asset Maintenance, Risk Management, Network Management, Location Intelligence, & Operations Management), Vertical, Regions - Global Forecast to 2021
"Massive surge in structured and unstructured streaming data is driving the growth"
MarketsandMarkets estimates the global streaming analytics market to grow from USD 3.08 billion in 2016 to USD 13.70 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 34.8%. The streaming analytics market is growing rapidly because of the transition from traditional Business Intelligence (BI) techniques to advanced analytics techniques and the massive surge of structured and unstructured streaming data.
"Risk Management application to have the largest market size in 2016"
Risk management is estimated to have the largest market share in 2016 as organizations across industry verticals are facing various types of risks including financial risks and cyber risks and it is more important for an organization to manage this risk in real-time for lowering the losses.
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"Media and entertainment vertical to have the highest growth rate during the forecast period"
Streaming analytics solutions have been deployed across various industry verticals, including BFSI, telecommunication & IT, retail & eCommerce, manufacturing, healthcare & life sciences, energy & utilities, transportation & logistics, media & entertainment, government & defense, and others. Media and entertainment industry vertical is expected to witness the highest CAGR during the forecast period because of the increasing need for real-time data analysis for various entertainment activities including sports, gaming, casinos, and so on.
"North America is expected to hold the largest market share"
North America, followed by Europe, is expected to continue being the largest revenue generating region for the streaming analytics vendors for the next five years. This is mainly due to the presence of various developed economies such as Canada and the U.S. and because of the high focus on innovations through research and development and technology across industry verticals.
In-depth interviews were conducted with CEOs, marketing directors, other innovation, and technology directors and executives from various key organizations operating in the streaming analytics marketplace.
* By Company type - Tier 1- 25%, Tier 2- 40%, Tier 3- 35%
* By Designation - C-Level - 50%, Director Level- 35%. Others- 15%
* By Region - North America- 42%, Europe-36%, APAC- 22%
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