Market Report: The streaming analytics market is expected to grow from $502.1 Million in 2015 to $1,955.7 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 31.3% from 2015 to 2020. Globally, streaming analytics are rapidly taking over from traditional business analytics from batch processing capabilities to the streaming analytics platform with real-time streaming analytics processing capabilities. Streaming analytics enable organizations to manage any business situation in real-time. They offer crucial benefits to enterprises such as cutting inevitable losses, creating new opportunities, saving costs by ensuring uninterrupted operations, and increasing efficiency by analyzing and acting on any business issues in real-time.
The major growth drivers of the streaming analytics market are evolution of Internet of Things (IoT), increasing amount of data across all industry verticals, and increasing spending by companies in real-time analytics. The streaming analytics market faces challenges such as legacy architecture and increasing competition in this market. Major factors that are restraining the growth of streaming analytics market are data security concerns and return on investments (ROI).