As cited by the research report titled ‘Global Streaming analytics Market Size study with COVID-19 impact, by component (software and services), by Deployment (On-premise and Cloud-based), by Application (Fraud detection, marketing & sales, risk management, predictive asset management, network management & optimization, location intelligence, supply chain management and Others), by End-use (BFSI, IT & Telecom, Retail, Healthcare, Government & public administration and Other) and Regional Forecasts 2020-2027’, available with Market Study Report, global streaming analytics market was valued USD 8.15 billion in 2019 and is predicted to exhibit a noteworthy CAGR of 28.9% over 2020-2027, subsequently accounting for USD 62.11 billion by the end of the study timeframe.
 

Rising adoption of advanced technologies such as AI (Artificial Intelligence), Big Data analytics, ML (Machine Learning), and IoT (Internet of Things) by enterprises to ensure efficient data analysis is stimulating overall global streaming analytics market expansion.
 

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For the uninitiated, streaming analytics refers to technology that enables enterprises to develop and run real-time computations on data streaming channels from sources such as social media, websites, sensors, gadgets, and other applications. Streaming analytics provides language integration for intuitive specifications, and facilitates short and appropriate time-sensitive processing.
 

Elaborating on the latest developments, the Coronavirus pandemic has benefitted global streaming analytics market as the rising number of infections among people has impelled the adoption of Augmented Reality (AR) as well as Virtual Reality (VR) technologies to continuously address the evolving situations.
 

Speaking of the restraints, lack of integration of legacy systems with streaming analytic services is expected to impede the industry expansion over the analysis timeframe.
 

Based on component, global streaming analytics market is split into services and software. With regards to deployment, the business sphere is segmented into cloud-based and on-premise. Moving on, the end-user terrain of the market comprises government & public administration, healthcare, retail, IT & telecom, and BFSI among others.
 

Considering the application spectrum, the industry is bifurcated into supply chain management, location intelligence, network management & optimization, predictive asset management, risk management, marketing & sales, fraud detection, and others.
 

Geographically, North America captures majority of global streaming analytics market share, due to high implementation of digital business strategies by organizations in the region.
 

Meanwhile, Asia-Pacific is predicted to emerge as a chief contributor to the overall industry remuneration and is touted to record the highest annual growth rate over 2020-2027. This can be ascribed to escalating demand for advanced technologies such as Machine Learning (ML), Artificial Intelligence (AI), Internet of Things (IoT), and Big Data analytics by enterprises in the region.
 

Top companies that boast of a strong presence in the industry are Informatica, IBM Corp, TIBCO Software Inc., Microsoft Corp., SAP SE, Oracle Corp., SAS Institute, Inc., SQLstream, Inc., Software AG, and Striim, Inc.