The Europe Streaming Analytics Market is expected to witness market growth of 27.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 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 $11.26 billion by 2031. UK market is exhibiting a CAGR of 26.5% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 28.5% during 2024-2031.
Streaming analytics is increasingly being adopted to enhance the efficiency of supply chains, especially in industries like retail and manufacturing. Businesses can gain real-time insights into inventory levels, demand forecasting, and production schedules by continuously analyzing data from IoT sensors, inventory systems, and logistics platforms. This helps them make data-driven decisions to optimize resource allocation, reduce downtime, and more effectively meet customer demands.
Moreover, streaming analytics with IoT technology enables predictive maintenance, a key application in the manufacturing, energy, and transportation industries. Real-time data from machines and equipment can be analyzed to predict failures before they happen, allowing businesses to perform proactive maintenance and minimize costly downtime.
The Streaming Analytics Market is experiencing rapid growth, driven by the increasing need for real-time data processing and insights across various sectors. Germany boasts one of the largest ICT industries globally, with around 100,000 IT companies employing approximately 1.189 million people in 2023. The country's software industry is the largest in Europe, and there is a robust demand for U.S. products and services across all ICT segments. In 2022, revenue from different IT subsectors included USD 45.3 billion in IT services, USD 34.9 billion in IT hardware, and USD 34.1 billion in software. Since 2007, total revenue in the IT sector has surged from USD 76.4 billion to an estimated USD 141.6 billion in 2023.
The Germany market dominated the Europe 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 $11.26 billion by 2031. UK market is exhibiting a CAGR of 26.5% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 28.5% during 2024-2031.
Streaming analytics is increasingly being adopted to enhance the efficiency of supply chains, especially in industries like retail and manufacturing. Businesses can gain real-time insights into inventory levels, demand forecasting, and production schedules by continuously analyzing data from IoT sensors, inventory systems, and logistics platforms. This helps them make data-driven decisions to optimize resource allocation, reduce downtime, and more effectively meet customer demands.
Moreover, streaming analytics with IoT technology enables predictive maintenance, a key application in the manufacturing, energy, and transportation industries. Real-time data from machines and equipment can be analyzed to predict failures before they happen, allowing businesses to perform proactive maintenance and minimize costly downtime.
The Streaming Analytics Market is experiencing rapid growth, driven by the increasing need for real-time data processing and insights across various sectors. Germany boasts one of the largest ICT industries globally, with around 100,000 IT companies employing approximately 1.189 million people in 2023. The country's software industry is the largest in Europe, and there is a robust demand for U.S. products and services across all ICT segments. In 2022, revenue from different IT subsectors included USD 45.3 billion in IT services, USD 34.9 billion in IT hardware, and USD 34.1 billion in software. Since 2007, total revenue in the IT sector has surged from USD 76.4 billion to an estimated USD 141.6 billion in 2023.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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. Europe Streaming Analytics Market by Deployment
Chapter 6. Europe Streaming Analytics Market by Component
Chapter 7. Europe Streaming Analytics Market by End Use
Chapter 8. Europe Streaming Analytics Market by Application
Chapter 9. Europe 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
LOADING...
