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According to a new report North America Streaming Analytics Market, the market is expected to attain a market size of $6.1 billion by 2022, growing at a CAGR of 27.2% during the forecast period.
Streaming analytics platforms offer a seamless opportunity to extract actionable insights from a gamut of data in motion. Streaming analytics goes far beyond historical analysis, and enables real-time decision making by letting companies inspect, correlate and analyze data even as it is streaming into applications and databases from a myriad different sources. Connectivity is growing to be a norm across the globe. Internet of Things continues to be a highly influencing factor within the connected world. The gamut of data created out of such a connected world is compelling market leaders to implement IoT strategies with one purpose and that is to build analytic applications to capitalize on the wealth of information that is running day in and day out on different platforms.
In North America, U.S continues its dominance in this market with a market size of $874.4 million, in 2015. The Canada market is expected to grow at the fastest growth rate of 30.1% CAGR during the forecast period. Based on the applications, the North American Steaming Analytics Market is segmented into in fraud detection, sales & marketing management, predictive asset maintenance, risk management, network management & optimization, location intelligence, operations management, and others. Among these applications, Fraud detection with an overall share of around 25% dominated the North American market in 2015. Streaming Analytics Market Revenue by Country, 2012-2022 (USD Million)[/caption] The streaming analytics market is segmented into software and services. The services segment is expected to grow at the highest CAGR of 29.7% during the forecast period. Based on verticals, BFSI sector holds the dominant position in the North American streaming analytics market during 2015
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in North American region. The key influencing factors of the North America 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.