Market
Scenario:
According to Market Research Future (MRFR), the global
Streaming Analytics Market Growth is expected to grow at approximately USD 16 Billion at 33% CAGR
between 2017 and 2023 (forecast period). The report describes and discusses the
effect of the outbreak of COVID-19 on the global streaming analytics market,
including potential opportunities and challenges, drivers, and risks.
COVID-19 Analysis:
The
business impact of SARS-CoV-2 has been felt across diverse sections of the information
technology industry, albeit at different levels. Companies in the technology
sector that supply services for verticals like travel, retail, hospitality, and
entertainment have noted a dramatic decrease in sales, while the firms that
provide services related to remote worker solutions have observed the opposite.
Streaming Analytics
Market Growth fate
post pandemic has been relatively less grim compared to Education Services (ES)
and Professional Services (PS) that are mostly dependent on components that are
generally on-site. Novel coronavirus has Streaming Analytics Market Growth to
open new avenues for those firms that are on the lookout for solutions that are
reliable, efficiently managed, scalable, and are subscription-based, to remain
more focused on the core business. The Streaming Analytics Market Growth is
bearing lesser impact of the COVID-19 outbreak compared to most other segments
of the tech world.
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Competitive Outlook:
The industry giants in
the streaming analytics market are Apache Software Foundation (U.S.), Oracle
Corporation (U.S.), Microsoft Corporation (U.S.), SAP SE (Germany), Informatica
Corporation (U.S.), Software Ag (Germany), Datatorrent (U.S.), Tibco Software
(U.S.), Impetus Technologies (U.S.), SQLstream (U.S.) among others.
Segmentation:
The global market for
streaming analytics has been segmented based on components, application,
deployment, organization size, and vertical.
By component, the global
streaming analytics market has been segmented into software and service. The
service segment involves managed service and professional service. Managed
Services can be described as the proactive management of an information
technology asset or object by a third party commonly known as an MSP on behalf
of the end-user. The operative difference that separates the managed service
program is the proactive delivery of their services as opposed to the reactive
IT services that have been around for decades. The key factors that contribute
to the growth of managed services are the rise in digital information, the need
to secure it, a growing trend in bring your own devices, flexibility to meet
custom requirements, a constant increase in reliance on heterogeneous networks,
and a consistent increase in the complexity of technical solutions.
Regional
Analysis:
The regional analysis of
the global streaming analytics market is being studied for regions such as the
Asia Pacific, Americas, Europe, and the Rest of the World.
The North America region
has the largest market share in the streaming analytics market due to the
presence of major players in the area, and the adoption of advanced analytics
tools by small and large companies is driving the market in the region.
Countries such as the United States and Canada contribute a substantial amount
of revenue to the streaming analytics market in the region. The Asia Pacific
region is expected to rise at the highest CAGR. Enterprises in the region are
investing heavily in streaming analytical tools to increase business efficiency
and productivity, BI analytics, and various opportunities for diverse
industrial verticals to raise the demand in the region.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
3 Market Research
Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
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