Event Stream Processing Market

Huge data losses due to real-time security issues drive the market growth

The digitalization of the world shows is growing tremendously during and after COVID. Two years after the pandemic, cybercriminals are becoming more active because most people are online for longer hours. Previously breached data is used to track additional personal information in social media, online shopping, and healthcare sites.

According to a report from ForgeRock, data records containing usernames and passwords are the perfect "seeds" for perpetrating new breaches. According to them, Two billion records containing usernames and passwords were compromised in 2021 — an increase of 35% over 2020. In addition, unauthorized access was the top breach in 2021, accounting for 50% of all breaches. The average cost of a single breach in the U.S. retail sector rose to nearly $3.27 Million.

According to our research, cybercrime costs are expected to grow at a CAGR of 19.8% from 2022 to 2030 and is expected to reach USD 31.02 trillion annually by 2030.

This growth is fueled by several factors: personal attacks, corporate attacks, and government attacks. Today where most countries are looking to become self-sufficient with the adoption of digital transformation, cyber threats will also increase exponentially. To manage these uncertainties, event processing is used to cater to live feeds of any network disruptions creating an excellent opportunity for this market.

Event Stream Processing Market Segment Insight

The Global Event Stream Processing Market Industry is poised for substantial growth, as illustrated by projected figures. The market is expected to reach 1.05 USD Billion in 2024 and expand to 4.39 USD Billion by 2035, reflecting a compound annual growth rate of 13.94% from 2025 to 2035. This growth trajectory underscores the increasing importance of event stream processing in various sectors, driven by the demand for real-time data analytics, IoT integration, and advanced analytics capabilities.

The proliferation of Internet of Things (IoT) devices significantly influences the Global Event Stream Processing Market Industry. With billions of connected devices generating vast amounts of data, organizations are compelled to implement event stream processing solutions to manage and analyze this influx effectively. For example, smart cities leverage event stream processing to optimize traffic management and enhance public safety. The anticipated growth in IoT deployments suggests that the market could expand to 4.39 USD Billion by 2035, highlighting the critical role of event stream processing in harnessing IoT-generated data.

The Global Event Stream Processing Market Industry experiences a surge in demand for real-time analytics as businesses increasingly seek to derive insights from data instantaneously. This trend is driven by the need for timely decision-making across various sectors, including finance, healthcare, and retail. For instance, financial institutions utilize event stream processing to monitor transactions in real-time, enabling them to detect fraudulent activities swiftly. As a result, the market is projected to reach 1.05 USD Billion in 2024, reflecting a growing recognition of the value of immediate data processing capabilities.

Enhancing customer experience remains a top priority for businesses, thereby driving the Global Event Stream Processing Market Industry. Companies are increasingly utilizing event stream processing to analyze customer interactions in real-time, allowing for personalized marketing strategies and improved service delivery. For instance, e-commerce platforms employ these solutions to track user behavior and tailor recommendations accordingly. This focus on customer-centric approaches is expected to contribute to a compound annual growth rate of 13.94% from 2025 to 2035, underscoring the importance of real-time data in shaping customer experiences.

The Global Event Stream Processing Market Industry is also propelled by the need for regulatory compliance and robust data governance frameworks. Organizations are required to adhere to various regulations concerning data privacy and security, which necessitates the implementation of efficient data processing systems. For example, financial services firms must comply with stringent regulations regarding transaction monitoring and reporting. Consequently, event stream processing solutions enable these organizations to maintain compliance while ensuring data integrity and security. This regulatory landscape is likely to bolster market growth as businesses prioritize compliance in their operational strategies.

The integration of advanced analytics and machine learning into event stream processing solutions is reshaping the Global Event Stream Processing Market Industry. Organizations are increasingly leveraging these technologies to enhance predictive capabilities and automate decision-making processes. For instance, manufacturing firms utilize machine learning algorithms to predict equipment failures by analyzing real-time sensor data. This trend indicates a shift towards more sophisticated data processing techniques, which could further drive market expansion as businesses seek to harness the power of advanced analytics to gain competitive advantages.

This market has been segmented by region into North America, Europe, Asia-Pacific, and the rest of the world. The North American region is estimated to hold a share of 43% in 2022 and is expected to grow at a CAGR of 14.15% through the forecast period. The region's significant number of ESP vendors can be attributed to their early embrace of new technologies, strong adoption rates, and R&D investments to advance their event-based services. The increased demand for event stream processing is forcing businesses in the area to offer novel solutions to gain market share.

One IBM Cloud Pak with integration capabilities is IBM Event Streams. It allows businesses access to corporate data via event streams, enabling them to analyze event-based data, spot threats quickly, and take swift action. The control of event endpoints and API administration were the IBM differentiators mentioned.

Due to its rapid technological advancement, Asia Pacific is also anticipated to surpass all other areas in the coming years. This is mostly due to the growing use of linked gadgets and the Internet of Things. The region's market is also benefiting from several government initiatives to use event stream processing technologies.  

Figure 4: GLOBAL EVENT STREAM PROCESSING MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Another factor anticipated to drive the growth of the global event stream processing market is the increasing demand for analyzing massive volumes of data from various sources to provide real-time insights. For instance, e-commerce retailers are improving the in-store and online shopping experiences for customers with the aid of sensors that detect in-store behavior by analyzing streaming data inside the store, such as inventory, social media chats, and online-shop user profiles, to customize and offer individualized experiences while the purchase decision is underway.

The demand for real-time analysis of streaming data, the rising use of cloud-based solutions, and rising demand from numerous end-use sectors are some of the factors fueling the growth of the worldwide event stream processing market. Big data analytics is a growing trend accelerating the market's expansion.

Major players in the event stream processing market, including IBM, Microsoft, Google, Oracle, SAS, and others, are focusing on developing their business strategies. Such crucial players are working to improve their positions both organically and inorganically.