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The “Streaming Analytics Market by Component, Application (Supply Chain Management, Location Intelligence, Sales & Marketing, Fraud Detection), Industry Vertical, Deployment Mode, Organization Size, and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global streaming analytics market is projected to grow from USD 15.4 billion in 2021 to USD 50.1 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 26.5% during the forecast period. The Streaming analytics industry is driven by increased digitalization and emerging technologies such as big data, IoT, and AI to drive market growth. However, the strategic shift toward accurate real-time forecasts and rising data connectivity through hybrid and multi-cloud environments further contributes to the growth of the Streaming analytics market.
Based on Component, the service segment is expected to grow at a higher CAGR during the forecast period
The service segment of the Streaming analytics market is further segmented into professional services (support and maintenance, and deployment and integration) and managed services. This section discusses each service subsegment’s market size and growth rate based on type (for selected subsegments) and region.
Based on deployment mode, cloud segment is segmented to account for a larger market size during the forecast period
Cloud computing refers to the storage, management, and processing of data via networks of remote servers, which are typically accessed via the Internet. According to Statista, cloud computing would generate more than USD 300 billion in revenue in 2020 as a component of IT services . At the same time, PwC shows the COVID-19 crisis has accelerated the cloud transition even further as per data during the first quarter of 2020, cloud spending increased by 37% to USD 29 billion. The increasing generation of data leads to various challenges for several organizations. These challenges include storage, privacy, and affordability.
Based on application, Supply Chain Management segment to grow…
Full story available on Benzinga.com
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