The Latin America, Middle East and Africa Streaming Analytics Market is expected to witness market growth of 31.0% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $3.35 billion by 2031. The Argentina market is registering a CAGR of 32.8% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 29.7% during 2024-2031
Streaming analytics plays a critical role in the development of smart cities. From traffic management to waste management and energy distribution, streaming data from sensors and IoT devices can be analyzed in real-time to optimize urban operations. Smart cities use streaming analytics to ensure public safety, reduce traffic congestion, and enhance energy efficiency.
Additionally, the adoption of cloud computing has significantly contributed to the growth of the Streaming Analytics Market . Cloud platforms provide scalable infrastructure and services that enable businesses to process and analyze large volumes of streaming data efficiently. Many businesses are shifting to the cloud to take advantage of these benefits, making cloud-based streaming analytics solutions more popular.
The Streaming Analytics Market is witnessing significant growth, driven by the rising demand for real-time data processing and analytics across various sectors. Two key contributors to this growth are the booming e-commerce sector in the UAE and the expanding retail sector in Brazil. The UAE is the e-commerce leader among Gulf Cooperation Council (GCC) states, with the market experiencing a remarkable 53% growth in 2020, reaching $3.9 billion in e-commerce sales. This surge represented 10% of the total retail sales. The Dubai Chamber of Commerce and Industry forecasts e-commerce sales to generate $8 billion by 2025. This impressive growth is largely driven by nearly 100% internet and mobile phone penetration among the UAE population.
The Brazil market dominated the LAMEA 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 $3.35 billion by 2031. The Argentina market is registering a CAGR of 32.8% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 29.7% during 2024-2031
Streaming analytics plays a critical role in the development of smart cities. From traffic management to waste management and energy distribution, streaming data from sensors and IoT devices can be analyzed in real-time to optimize urban operations. Smart cities use streaming analytics to ensure public safety, reduce traffic congestion, and enhance energy efficiency.
Additionally, the adoption of cloud computing has significantly contributed to the growth of the Streaming Analytics Market . Cloud platforms provide scalable infrastructure and services that enable businesses to process and analyze large volumes of streaming data efficiently. Many businesses are shifting to the cloud to take advantage of these benefits, making cloud-based streaming analytics solutions more popular.
The Streaming Analytics Market is witnessing significant growth, driven by the rising demand for real-time data processing and analytics across various sectors. Two key contributors to this growth are the booming e-commerce sector in the UAE and the expanding retail sector in Brazil. The UAE is the e-commerce leader among Gulf Cooperation Council (GCC) states, with the market experiencing a remarkable 53% growth in 2020, reaching $3.9 billion in e-commerce sales. This surge represented 10% of the total retail sales. The Dubai Chamber of Commerce and Industry forecasts e-commerce sales to generate $8 billion by 2025. This impressive growth is largely driven by nearly 100% internet and mobile phone penetration among the UAE population.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. LAMEA Streaming Analytics Market by Deployment
Chapter 6. LAMEA Streaming Analytics Market by Component
Chapter 7. LAMEA Streaming Analytics Market by End Use
Chapter 8. LAMEA Streaming Analytics Market by Application
Chapter 9. LAMEA 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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