The Asia Pacific Streaming Analytics Market is expected to witness market growth of 29.0% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Streaming Analytics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $12.88 billion by 2031. Japan market is showcasing a CAGR of 28.2% during 2024-2031. Additionally, the India market would register CAGR of 29.9% during 2024-2031.
One of streaming analytics' most significant advantages is its ability to enable real-time decision-making. Organizations can process and analyze data in real time, allowing them to respond immediately to emerging trends, consumer behavior, or operational issues. This is especially useful in finance, e-commerce, and telecommunications industries, where real-time data can lead to better decisions regarding investments, customer retention, and service optimization.
Moreover, streaming analytics is vital in identifying fraud and managing risk in the financial services and banking sectors. Financial institutions can detect unusual patterns by analyzing transactional data generated and taking immediate action to prevent fraudulent activities. Similarly, risk management systems benefit from streaming analytics by enabling them to monitor market fluctuations, track transactions, and assess potential risks continuously.
The Streaming Analytics Market is experiencing robust growth, driven by the increasing demand for real-time data processing and analysis across various industries. Two significant factors contributing to this market expansion are the rising IT industry in China and the rapidly growing BFSI sector in India. China's software and information technology services industry has shown remarkable growth, generating 12.33 trillion yuan (approximately 1.73 trillion U.S. dollars) in business revenues in 2023, marking a 13.4% year-on-year increase. This growth rate accelerated by 2.2 percentage points compared to 2022. The rapid expansion of the IT sector in China underscores the increasing adoption of advanced technologies and the growing need for efficient data processing solutions.
The China market dominated the Asia Pacific Streaming Analytics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $12.88 billion by 2031. Japan market is showcasing a CAGR of 28.2% during 2024-2031. Additionally, the India market would register CAGR of 29.9% during 2024-2031.
One of streaming analytics' most significant advantages is its ability to enable real-time decision-making. Organizations can process and analyze data in real time, allowing them to respond immediately to emerging trends, consumer behavior, or operational issues. This is especially useful in finance, e-commerce, and telecommunications industries, where real-time data can lead to better decisions regarding investments, customer retention, and service optimization.
Moreover, streaming analytics is vital in identifying fraud and managing risk in the financial services and banking sectors. Financial institutions can detect unusual patterns by analyzing transactional data generated and taking immediate action to prevent fraudulent activities. Similarly, risk management systems benefit from streaming analytics by enabling them to monitor market fluctuations, track transactions, and assess potential risks continuously.
The Streaming Analytics Market is experiencing robust growth, driven by the increasing demand for real-time data processing and analysis across various industries. Two significant factors contributing to this market expansion are the rising IT industry in China and the rapidly growing BFSI sector in India. China's software and information technology services industry has shown remarkable growth, generating 12.33 trillion yuan (approximately 1.73 trillion U.S. dollars) in business revenues in 2023, marking a 13.4% year-on-year increase. This growth rate accelerated by 2.2 percentage points compared to 2022. The rapid expansion of the IT sector in China underscores the increasing adoption of advanced technologies and the growing need for efficient data processing solutions.
List of Key Companies Profiled
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Hewlett Packard Enterprise Company
- IBM Corporation
- Google LLC
- SAS Institute, Inc.
- Oracle Corporation
- Software AG
- SAP SE
- TIBCO Software, Inc. (Vista Equity Partners Management, LLC)
Market Report Segmentation
By Deployment
- Hosted
- On-Premise
By Component
- Software
- Services
- Professional Services
- Managed Services
- Other Services
By End Use
- BFSI
- IT & Telecom
- Retail
- Healthcare
- Government
- Media & Entertainment
- Education & Other End Use
By Application
- Fraud Detection
- Marketing & Sales
- Risk Management
- Predictive Asset Management
- Network Management & Optimization
- Location Intelligence
- Supply Chain Management
- Other Application
By Country
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Streaming Analytics Market by Deployment
Chapter 6. Asia Pacific Streaming Analytics Market by Component
Chapter 7. Asia Pacific Streaming Analytics Market by End Use
Chapter 8. Asia Pacific Streaming Analytics Market by Application
Chapter 9. Asia Pacific Streaming Analytics Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Hewlett Packard Enterprise Company
- IBM Corporation
- Google LLC
- SAS Institute, Inc.
- Oracle Corporation
- Software AG
- SAP SE
- TIBCO Software, Inc. (Vista Equity Partners Management, LLC)
Methodology
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