Market Size of Streaming Analytics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 32.67 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Streaming Analytics Market Analysis
The streaming analytics market has been valued at USD 7.08 billion in 2020 and is expected to reach a value of USD 38.53 billion by 2026 at a CAGR of 32.67%, during the forecast period (2021-2026). Digitization has exponentially increased data generation and changed data utilization methods. Cloud is a vital catalyst in digital transformation. Streaming analytics aids flexibility by providing real-time synchronization across the cloud or on-premise, surpassing the traditional data processing and accessing options.
- The growth of industrial 4.0 practices across industries, is responsible for the creation of large amounts of data and is expected to provide more scope for the acceptance of real-time analytics over the forecast period.
- Many global companies are collaborating with governments to enhance the public and hybrid cloud markets and use real-time data streaming tools to deliver a practical solution in society. For instance, Alibaba Cloud, backed by Malaysia Digital Economy Corporation, has launched its Malaysia Tianchi Big Data Program - a big data platform that brings together data experts to collaborate and compete in developing solutions for real-world problems.
