Sarasota, FL -- (SBWire) -- 04/01/2019 --Event stream processing is a software application that examines data stream in real-time to gather actionable insights. It stores data while operation and gathers it from different sources. Emerging opportunities and competitive pressure are leading organizations to make decisions based on new technologies like Apache Spark and Kafka. The launch of various new event stream processing platforms and solutions have created confusion in the global market about the essential disciplines and technologies that are needed to find an opportunity or modify a risk before it is too late.
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The rising adoption of cloud solutions is majorly boosting the global event stream processing market. Cloud comprises software and services that help enterprises to enhance their scalability of web-based database capabilities, thereby reducing costs and risks. Several industries benefit from cloud adoption, including marketing and advertising, finance, retail healthcare, and education. The growing demand for data-driven decision-making is also contributing to the event stream processing market globally.
Based on the type, the global event stream processing market is bifurcated into analytics and data integration. The component segment of the global event stream processing market includes solutions and services. The deployment mode segment is divided into cloud and on-premises. The cloud segment is predicted to grow notably in the upcoming years, due to its various benefits, such as security, mobility, disaster recovery, low-cost implementation, flexibility, and sustainability. By application, the market includes algorithmic trading, fraud detection, network monitoring, predictive maintenance, sales and marketing, and others. The fraud detection segment is projected to lead the event stream processing market over the forecast time period, as it used to protect vital information related to enterprises and customer, accounts, assets, and transactions. Moreover, fraud detection helps to decrease operational risks through regular inspection of suspicious activities.
By region, North America is expected to witness notable growth in the global event stream processing market in the upcoming years, owing to the mobility among the enterprises. This, in turn, has enabled various businesses to deploy the event stream processing tools and platforms. The Asia Pacific event stream processing market is estimated to depict the highest growth rate over the forecast time period, due to the growing inclination toward event stream processing solutions among the small- and medium-sized enterprises and the rising use of connected devices and Internet of Things (IoT) in China and India.
Some noticeable players of the global event stream processing market include Google, IBM, Microsoft, SAS, Oracle, SAP, Informatica, TIBCO, Hitachi Vantara, Software AG, AWS, Redhat, Salesforce, Impetus Technologies, FICO, Radicalbit, data Artisans, Equalum, Streamlio, Striim, EVAM, Confluent, SQL Stream, Databricks, and EsperTech.
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This report segments the global event stream processing market into:
Global Event Stream Processing Market: Type Analysis
Analytics
Data Integration
Global Event Stream Processing Market: Component Analysis
Solutions
Services
Global Event Stream Processing Market: Deployment Mode Analysis
Cloud
On-Premises
Global Event Stream Processing Market: Application Analysis
Algorithmic Trading
Fraud Detection
Network Monitoring
Predictive Maintenance
Sales and Marketing
Others
Global Event Stream Processing Market: Regional Analysis
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Global Event Stream Processing Market Is Expected to Reach USD 2,635 Million by 2025
According to the report, the global event stream processing market was USD 687 million in 2018 and is expected to reach USD 2,635 million in 2025, at a CAGR of 21.17% between 2019 and 2025.