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According to a new report Asia-Pacific Streaming Analytics Market, the market is expected to attain a market size of $4.7 billion by 2022, growing at a CAGR of 38.3% during the forecast period.
Asia-Pacific Streaming Analytics Market Revenue Trend, 2012-2022 ( In USD Million)
Streaming Analytics opens the doors to customers buying patterns. Visibility into what customers are buying, not buying, customer preferences and dislikes will offer an edge over completion, giving companies the ability to formulate strategies to improve profitability and work towards retaining existing customers. It allows companies to rapidly respond to customer needs and increase revenues through up-selling and cross-selling of goods and services.
By implementing steaming analytics, businesses can identify trends and benchmarks, develop white papers, use cases, and generate forecasts of their company and industry. Internal and external threats can be managed and handled wisely and get ready for the industry changes. This helps companies become innovative, remain competitive, and strengthen brand awareness.
In Asia-Pacific, china continues its dominance in this market with a market size of $157.8 million, in 2015. The Malaysia market is expected to grow at the fastest growth rate of 41.3% CAGR during the forecast period. Based on verticals, BFSI sector holds the dominant position in the Asia-Pacific streaming analytics market during 2015. Other verticals covered in the report include Consumer goods & Retail, IT & Telecom, Healthcare, Energy & Utilities, Manufacturing, Media & Entertainment, Transportation and others.
The streaming analytics market is segmented based on the type that includes software and services. The services segment is expected to grow at the highest CAGR of 48.9% during the forecast period. Based on the applications of Streaming Analytics, the Asia-Pacific market is segmented into Fraud Detection, Sales and Marketing Management, Predictive Asset Maintenance, Risk Management, Network Management and Optimization, Location Intelligence, Operations Management and others. Fraud detection holds the dominating position in 2015.
Asia-Pacific Streaming Analytics Market Revenue by Country, 2012 - 2022 (USD Million)
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in Asia-Pacific region. The key influencing factors of the Asia-Pacific Streaming Analytics market have been discussed in the report along with the elaborated company profiles namely IBM Corporation, Microsoft Corporation, Oracle Corporation, Informatica Corporation, SAP SE, SAS Institute Inc., Software AG and Tibco Software Inc.