Event Stream Processing Market By Type (Analytics and Data Integration), By Component (Solutions and Services), By Deployment (Cloud and On-Premises), and By Application (Algorithmic Trading, Fraud Detection, Network Monitoring, Predictive Maintenance, Sales and Marketing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025 – ZMR News Magazine

Event Stream Processing Market By Type (Analytics and Data Integration), By Component (Solutions and Services), By Deployment (Cloud and On-Premises), and By Application (Algorithmic Trading, Fraud Detection, Network Monitoring, Predictive Maintenance, Sales and Marketing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global event stream processing market expected to reach USD 2,635 million in 2025, at a CAGR of 21.17% between 2019 and 2025. Event stream processing is a software application that examines data stream in real-time to gather actionable insights.

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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 factors driving the growth of the global event stream processing market include rising investments in startups, increasing adoption of smart devices, and accelerating demand for Internet of Things (IoT). Currently, the proliferation of smart devices, especially spearheaded by Amazon and Google products that are backed by numerous quirky startups, is at the forefront of smart home-based technologies. Furthermore, the number of people adopting the idea of smart-home technology will rise in the future. According to a recent study, nearly 71% of Intel consumers will own at least one smart device per house by 2025. However, intense completion among the market players and lack of integration with outdated architecture may hamper the adoption of event stream processing solutions in the developing economies, thereby negatively affecting this market’s growth.

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.

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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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