Streaming Analytics Market

Key players adopted various growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the global Streaming Analytics Market

The global streaming analytics market size is expected to grow from USD 10.3 billion in 2019 to USD 35.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 28.2% during the forecast period. The major driving factors in the streaming analytics market are emerging technologies, such as big data, Internet of Things (IoT), and Artificial Intelligence (AI), and a strategic shift toward real-time accurate forecast.

The major streaming analytics vendors include IBM (US), Oracle (US), Microsoft (US), SAP (Germany), Software AG (Germany), SAS (US), TIBCO (US), Impetus Technologies (US), Striim (US), WSO2 (US), Informatica (US), Inetco (Canada), SQLstream (US), EsperTech (US), and Axonize (Israel). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the global streaming analytics market. Partnerships and new product launches have been the most dominating strategy adopted by the major players from 2017 to 2019, which has helped them innovate on their offerings and broaden their customer base.

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IBM (US) is one of the top vendors in the streaming analytics market, owing to the strong portfolio of solutions and services that the company offers in the market. The IBM Cloud has emerged as a platform of choice, for all business applications, as it is AI compatible and safe to use. It is a unifying platform, which integrates the capabilities of IBM in a single architecture and spans over public and private clouds. Using this powerful cloud platform, the company can cater to the requirements of different businesses across the globe, along with a continuous stream of innovative capabilities, such as computation and storage, data, and Watson services; IoT and blockchain services; and IBM Q Experience.

Oracle (US) is a global leader in delivering a broad spectrum of products, solutions, and services, which are designed to meet the requirements of corporate Information Technology (IT) environments, such as platform, applications, and infrastructure. The company’s product portfolio comprises an autonomous database, databases, developer tools, engineering systems, IT infrastructure, Java, and Middleware. Its stream analytics solution empowers the business audience to create and implement rich streaming data solutions for gaining real-time insights about streaming infrastructures, big data, and IoT. The company operates through 3 business segments, namely cloud and license, hardware, and services. Among these, Oracle Cloud and license is the highest revenue contributing segment for 2016, 2017, and 2018.

Related Reports:

Streaming Analytics Market by Component, Application (Predictive Asset Management, Risk Management, Location Intelligence, Sales and Marketing, Supply Chain Management), Industry Vertical, Deployment Model, and Region - Global Forecast to 2024

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Report Code
TC 3451
RI Published ON
8/1/2019
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