With the emergence and long-term Impact of COVID-19, Global Event stream processing Market to reach USD xx Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Event stream processing Market points towards a potential rise to USD xx billion by 2030. Event stream processing is a technique that consists of mathematical algorithms that query a continuous data stream. Event stream processing encompasses a variety of features such as event visualization, event-driven middleware, event databases, and others. The data stream is analyzed in milliseconds to minutes. The increasing demand for machine-based communications is driving the global event stream processing market.
Also, the adoption of event stream processing is driven by its ability to filter, mash up, compare, contrast, interpolate, and extrapolate stream data. The growth is further fueled by the implementation of wireless connectivity and communication technologies in electronic equipment, particularly in the manufacturing sector. Moreover, the need to analyze large volumes of data from various sources for real-time insights is also contributing to the market’s expansion
Geographically, the global Event stream processing market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to increasing data volumes, growing demand for real-time analytics, emergence of iot technologies, and advancements in technology. Asia Pacific is expected to fastest growing significantly during the forecast period, owing to the increasing adoption of real-time data analytics, rapid growth of big data and IOT, increasing demand for fraud detection and cybersecurity, and growing industry-specific applications.
The global Event stream processing market is highly competitive owing to the presence of several key players such as Microsoft Corporation SAP SE IBM Corporation Oracle Corporation Google LLC Salesforce, Inc. Impetus Technologies India Pvt Ltd. EsperTech Amazon Web Services, Inc. Informatica LLC, and others.
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Global Event stream processing Market Size study & Forecast, by Component (Solutions, Services), by Type (Data Integration, Analytics), by Deployment Mode (Cloud, On-premises) and by Application (Fraud Detection, Predictive Maintenance, Algorithmic Trading, Network Monitoring, Sales and Marketing Management, Others) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Event stream processing Market is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030.
- In the Deployment Mode segment, Cloud emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to growing demand for real-time analytics in the region.
- Asia Pacific is expected to grow at higher rate owing to increasing demand for fraud detection and cybersecurity in the region.
Bizwit Research & Consulting has considered following segments for the study:
- Data Integration
By Deployment Mode:
- Fraud Detection
- Predictive Maintenance
- Algorithmic Trading
- Network Monitoring
- Sales and Marketing Management
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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