Streaming Analytics Market Analysis, Size, Growth, Share, Outlook & Forecast to 2025
The global streaming analytics market size is expected to reach USD 35,986.4 million by 2025, registering a CAGR of 28.9% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. There has been a growing demand for streaming analytics solutions from large as well as small and medium-sized enterprises worldwide. The demand is driven due to the ability of these solutions to provide users with deeper insights into customer buying behavior through data visualization and active monitoring of key performance indicators in real-time. In addition, these solutions offer an analysis of the existing business operations and also help companies identify new business opportunities and revenue streams. In comparison to traditional reactive analytics tools that focus on batch processing using stored data, streaming analytics enables users to proactively respond to changing conditions for improving operations and customer interactions using real-time insights. Due to the growing penetration of high-speed internet and the exponentially rising user base of smartphones globally, there has been a tremendous increase in consumer-generated data. Streaming analytics solutions enable companies to extract business value from data in motion and obtain real-time analytics and insights on data streaming from multiple sources such as social media, sensors, smart devices, and websites. The rapidly growing adoption of Internet of Thing (IoT) sensors and devices across multiple industry verticals such as healthcare, media & entertainment, and government is anticipated