At the heart of all continuous intelligence (CI) applications is the ability to perform analytics on real-time data streams. One indication that businesses plan to use CI is the expected adoption of streaming analytics across all industries. The global streaming analytics market is expected to grow from $10.3 billion in 2019 to $35.5 billion by 2024, according to a report from MarketsandMarkets. That increase represents a compound annual growth rate (CAGR) of 28.2 percent for the next five years.
Driving this growth is the shifting strategies that are moving businesses toward the real-time analysis of events. Information derived from real-time analytics can be used to identify anomalies and business changes as they occur. Rather than being reactive, streaming analytics lets companies take immediate corrective actions or seize opportunities that otherwise might have been missed.
