A large amount of data is collected by organizations, both in a structured and an unstructured manner. The raw data collected needs to be analysed in a systematic manner in order to provide actionable insights which can be leveraged to gain an edge over the ever growing competition. Data Analytics platforms perform the task of systematically collecting, organizing and analysing the data in order to discover patterns and other important information that assists decision making process. Traditional data analytics platforms analyse static historical data to generate actionable information. Streaming analytics, on the other hand, analyses real time data collected from a variety of sources such as mobile applications, internet of things and transaction data among the other sources.
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Streaming Analytics Market: Drivers & Restraints
Significant proliferation, over the recent past, of mobile applications across diverse industry verticals such as health care, banking, telecommunications, entertainment, defence, transportation, e-commerce among the others has been witnessed. This, coupled with evolution and growing adoption of Internet of Things across the globe is expected to result in a robust growth of global streaming analytics market during the forecast period. Another factor namely growing emphasis on real data analytics and their increasing spending towards the same is expected to result in a steady growth of global streaming analytics market. Moreover, the ever increasing competition has resulted in a need for organizations to resort to streaming analytics in order to make informed decisions which eventually translate in to competitive advantage in the market. This in turn is expected to fuel the growth of global streaming analytics market during the forecast period. However, concerns regarding security of data, remains a factor that is likely to act as an impediment to the growth of global streaming analytics market.
Streaming Analytics Market: Segmentation
Depending on the verticals in which streaming analytics platform isused, the global Streaming Analytics market can be segmented in to the following key segments:
Transport & Logistics
Financial Services & Banking
E-Commerce & Retail
Entertainment & Media
Telecommunications & IT
Defense & Government
Streaming Analytics Market: Region-wise Outlook
On the basis of geographic regions of the globe, global Streaming Analytics market is segmented into seven major segments. These key market segments are North America Streaming Analytics market, Latin America Streaming Analytics market, Western Europe Streaming Analytics market, Eastern Europe Streaming Analytics market, Asia Pacific Streaming Analytics market, Japan Streaming Analytics market, and Middle East & Africa Streaming Analytics market. Among the regional segments, North America streaming analytics market is expected to dominate the global streaming analytics market during the forecast period.
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Streaming Analytics Market: Key Players
Some of the identified major companies that cater to the demands of global Streaming Analytics market are as follows:
Vitria Technology, Inc.
TIBCO Software Inc.
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