Streaming Analytics Market size to grow by USD 23.6 billion from 2022 to 2027

The global streaming analytics market size is estimated to increase by USD 23.6 billion from 2022 to 2027. The market's growth momentum will be progressing at a CAGR of 28.89% during the forecast period.

The increasing adoption of IoT-based devices significantly drives market growth. The use of connected devices grows across the globe. This makes the task to manage, monitor, and maintain the data in an organization more difficult.

As IoT devices make managing, monitoring, and maintaining easier, M2M, and machine-to-human (M2H) communications are experiencing greater demand. IoT analytics uses information from a variety of sources, including sensors, barcodes, GPS, RFID, and barcode readers. These technologies support to effectively track and manage of physical assets across a wide range of industries.

For example, products with RFID tags are simple to follow throughout the supply chain. RFID also aids to manage and maintain inventory levels.