About Event Stream Processing
Event Stream Processing refers to the recording of data at a regular interval form connective services such as big data analytics, IoT, and others for continuous data streaming. Increasing emphasis on analyzing big data for real-time insights and rising applications of IoT, business intelligence, big data analytics, cloud-based technologies and the emergence of ESP 2.0 will drive the event stream processing market in the long-standing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 22.6% |
Event Stream processing market is fragmented as a number of players are present in the market. Companies are focusing on the development of technologies such as IoT for more productive services to offer managed solutions to the customers. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Event Stream Processing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Microsoft (United States), Google (United States), Oracle (United States), SAS (United States), SAP (Germany), TIBCO (United States), Informatica (United States), Hitachi Vantara (United States), Amazon Web Services (United States), Software AG (Germany), Salesforce (United States), Redhat (United States), FICO (United States), Impetus Technologies (United States), Streamlio (United States), Striim (United States), Confluent (United States), EVAM (United States), Databricks (United States), SQL Stream (United States) and EsperTech (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Radicalbit (Italy), Equalum (Israel) and Data Artisans (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Event Stream Processing market by Type (Data Integration, Analytics and Others), Application (Fraud Detection, Predictive Maintenance, Algorithmic Trading, Network Monitoring, Sales and Marketing and Others) and Region.
On the basis of geography, the market of Event Stream Processing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by By Solutions, the sub-segment i.e. Software Tools will boost the Event Stream Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By End Users , the sub-segment i.e. Banking, Financial Services, and Insurance will boost the Event Stream Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By services , the sub-segment i.e. Professional Services will boost the Event Stream Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Deployment Mode , the sub-segment i.e. Cloud will boost the Event Stream Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Applications of Real-Time Analytics and Cloud-based Solutions
Market Growth Drivers:
Ability Offer to Enhance Data Processing Experience which Leads to Better Decision Making and Rising IoT and its Applications
Challenges:
Issue Related with Security and Data Protection
Restraints:
Lack of Integration among Different Services
Opportunities:
The Emergence of Event Stream Processor (ESP) 2.0
Market Leaders and their expansionary development strategies
In September 2023, Amazon Kinesis Data Streams partnered with Splunk to offer real-time data analysis capabilities for IoT and operational data using event stream processing.
Key Target Audience
Banking and Financial Institute, Transportation Sector, Software Companies, Software Manufacturers, Business Entities, Government Bodies, Business Research and Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.