The Latin America, Middle East and Africa Streaming Analytics Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $3,354.3 million by 2031. The Argentina market is registering a CAGR of 32.8% during (2024 - 2031). Additionally, The UAE market would 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.
Free Valuable Insights: The Worldwide Streaming Analytics Market is Projected to reach USD 161.1 Billion by 2031, at a CAGR of 28.0%
Based on Deployment, the market is segmented into Hosted, and On-Premise. Based on Component, the market is segmented into Software, and Services (Professional Services, Managed Services, and Other Services). Based on End Use, the market is segmented into BFSI, IT & Telecom, Retail, Healthcare, Government, Media & Entertainment, and Education & Other End Use. Based on Application, the market is segmented into Fraud Detection, Marketing & Sales, Risk Management, Predictive Asset Management, Network Management & Optimization, Location Intelligence, Supply Chain Management, and Other Application. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Deployment
By Component
By End Use
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