Event Stream Processing Market Size To Expand at a Notable CAGR Of 12.86% During 2023-2030

MRFR Press Release/— Market Research Future published a half-cooked research report on the global financial cloud market research report— forecast till 2030.

Market Highlights

Globally, the event stream processing market is expected to have significant growth over the forecast period. The growth of the market can be attributed to the demand for increased automation in business processes and rising need to analyze large volume of enterprise data to gain genuine competitive advantage instead of only building and maintaining an expensive IT infrastructure. The event stream processing software helps in building an event driven IT systems. Its key functionalities include processing continuous stream of data, detecting meaningful pattern in them, and building relationships among them that help enterprises in making strategies to optimzie their business operations and improve customer services. Event stream processing software tools are used in diverse application areas that includes algorithmic trading, fraud detection, location-based services, and many more. Moreover, the introduction of IoT has given a significant boost to the growth rate of event stream processing market.

In this study on global event stream processing market, the market is segmented based on component, deployment mode, application, industry vertical, and region/country. By component, the market is segmented into software, platform, and services. By service, the market is bifurcated into professional and managed services. By deployment mode, the market is segmented into cloud and on-premises. By application, the market is segmented into fraud detection, predictive maintenance, sales & marketing, algorithmic trading, network monitoring, and others.

By industry vertical, the market is segmented into BFSI, manufacturing, energy & utilities, retail & eCommerce, IT & Telecom, Transportation & Logistics, and others. Finally, by region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is further segmented into the US, Canada, and Mexico; Europe into Germany, France, the UK, and the rest of Europe; Asia-Pacific into China, India, Japan, and the rest of Asia-Pacific.

Key Players:

The prominent players in event stream processing market are IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), Google LLC (US), SAS Institute (US), SAP SE (Germany), Salesforce.com, inc. (US), Software AG (Germany), Informatica LLC (US), TIBCO Software Inc. (US), Hitachi Vantara Corporation (US), SQLstream, Inc. (US), FICO (US), Striim, Inc. (US), and Streamlio, Inc. (US).

Regional Analysis

The global market for global event stream processing is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

North America is presumed to have the largest market share in the global event stream processing market. The US, Canada, and Mexico are the leading countries in the region. The growth is attributed to the presence of major vendors and fast adoption of innovative technologies in the region. Asia-Pacific is anticipated to be the fastest growing region in the global event stream processing market over the forecast period. The increasing number of banking enterprises and growing telecom sector in the region are the key driving factors for the growth of event stream processing market in the region.