Event Stream Processing Industry Analysis, Regional Analysis 2020: 2027
Event Stream Processing Industry Scenario:
The Event Stream Processing Industry 2020 had raked in considerable revenues of USD 612.7 million in 2020 and
can touch a valuation of USD 1,663.0 million by 2027, estimate
the experts at Market Research Future (MRFR). MRFR also projects the market to
advance at a rate of 22.1% over the forecast period (2020 to 2027).
The global Event Stream Processing Industry is
witnessing brisk growth on the back of increasing adoption of the Internet of
Things (IoT), leading to a surge in the proliferation of smart devices that
need to monitor massive volumes of data from different sources to provide
insights. While conventional analytics process the data after it is stored,
event stream processing directly deals with the data, right when they occur.
This facilitates quicker reaction time and it owing to these unique perceived
advantages that the demand for event stream processing has soared considerably
in the global market.
The COVID-19 pandemic disruption is estimated to
transform the Event Stream Processing Industry in the years to come
drastically, and its after-effects will be persistently seen in the years
ahead. The MRFR report on the Event Stream Processing Industry meticulously
tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise
analysis of drivers and restraints in a post-COVID-19 market offers a coherent
understanding of future growth cues.
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Segmentation:
· The event stream processing
industry has been segmented considering component, deployment mode, application
and industry vertical.
· The components analyzed in the
report are platform, services and software. The services available in the
market are professional as well as managed.
· With respect to the deployment
mode, the market segments are cloud and on-premises.
· Application-dependent market
segmentation comprises predictive maintenance, network monitoring, fraud
detection, algorithmic trading, sales & marketing, and others.
· The industry verticals that
are deploying event stream processing are Transportation & Logistics,
energy & utilities, BFSI, manufacturing, IT & Telecom, retail &
eCommerce, and others. The BFSI vertical can take the lead in the market, since
several financial institutions as well as banks largely focus on gaining
insights from a voluminous pool of data that is generated from numerous
transactions. This calls for the deployment of event stream processing in the
BFSI sector.
Regional
Analysis:
The Event Stream
Processing Industry can be geographically categorized as South America, Europe,
Asia Pacific (APAC), the Middle East & Africa (MEA), and North America.
MRFR expects
North America to secure the top position in the global market, with Canada,
Mexico and the US standing at the vanguard of the business growth. The regional
dominance at a global level is on account of the fast uptake of advanced
technologies combined with the presence of a massive number of well-established
players. These regional players are spending considerably on the development of
cutting-edge products that can not only attract more end-users but also
establish their position further in the market.
During the
review period, APAC is anticipated to acquire the fastest growth rate in the
global market, thanks to the rising number of banking enterprises along with
the expanding telecom sector. Increasing number of initiatives by the
government promoting the adoption of event stream processing solutions can also
foster the market growth in the region. Surge in technological developments and
innovations, rapidly increasing use of Internet of Things (IoT) as well as
connected devices also promote market growth in developing countries like India
and China.
Competitive Outlook:
Leading contenders in the
global market for event stream processing include Informatica LLC (US),
Streamlio, Inc. (US), Google LLC (US), SQLstream, Inc. (US), IBM Corporation
(US), Salesforce.com, inc. (US), Software AG (Germany), Oracle Corporation (US),
SAP SE (Germany), SAS Institute (US), Microsoft Corporation (US), FICO (US),
Striim, Inc. (US), TIBCO Software Inc. (US), Hitachi Vantara Corporation (US),
and more.
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Table
of Contents:
1 Executive Summary
2 Market
Introduction
2.1 Definition
2.2 Scope Of The
Study
2.3 Market
Structure
2.4 Key Buying
Criteria
2.5 Macro Factor
Indicator Analysis
3 Research
Methodology
3.1 Research
Process
3.2 Primary
Research
3.3 Secondary
Research
3.4 Market Size
Estimation
3.5 Forecast Model
3.6 List Of
Assumptions
4 Market Insights
Continued….
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