STREAMING ANALYTICS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Streaming Analytics Market Analysis:

The market for streaming analytics has been appraised at USD 7.08 billion in the year 2020 and is anticipated to attain a value of USD 38.53 billion by the year 2026, exhibiting a Compound Annual Growth Rate (CAGR) of 32.67% during the forecast period spanning from 2021 to 2026. The proliferation of digitization has led to an exponential surge in data generation and has revolutionized the methods of data utilization. The cloud has emerged as a crucial catalyst in the process of digital transformation. Streaming analytics facilitates flexibility by enabling real-time synchronization across the cloud or on-premise, thereby surpassing the conventional options of data processing and accessing.

The growth of industrial 4.0 practices across various industries has resulted in the creation of vast amounts of data and is expected to provide greater opportunities for the adoption of real-time analytics during the forecast period. Numerous global corporations are collaborating with governments to enhance the public and hybrid cloud markets and are utilizing real-time data streaming tools to provide practical solutions to society. For instance, Alibaba Cloud, supported by Malaysia Digital Economy Corporation, has launched its Malaysia Tianchi Big Data Program, which is a big data platform that brings together data experts to collaborate and compete in developing solutions for real-world problems.

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