Increasing business data volumes owing to a rising acceptance of the Internet of Things (IoT) and big data technologies across several industries in the past few years is likely to spur the growth of the event stream processing industry in the coming few years. Hence it is expected that the market size for event stream processing is projected to reach USD 3,157 million by 2028.
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Event streaming processing solutions are widely used to scrutinize the massive amount of real-time data due to its ability to analyze, capture, and respond to a constant flow of business data. Thus, the demand for the global event stream processing industry is likely to surge among various industry verticals. The data generated from various sources such as web services, mobile applications, and social media, need to be monitored and managed in each department. Growing consumer demand along with rising competitive environment across the world are anticipated to promote enterprises to gain an edge over their rivals.
The global event stream processing market contains predictive maintenance, fraud detection, network monitoring, algorithmic trading, sales & marketing management, and others. In 2019, the fraud detection application is likely to hold a dominating position in the event stream processing market over the forecast period. Enterprises have enormous data volume and lack efficient tools to evaluate the threats, which leads to fraudulent activities to go unobserved. Large enterprises have implemented several technologies to inhibit enterprise data from threats. Thus, the adoption of a cloud-based, cost-effective solution is probably to fuel the industry for fraud detection in the event stream processing market.
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The global event stream processing solution industry is a wide range to North America, Asia Pacific, Europe, South America, and the Middle East & Africa. The Asia Pacific region is expected to grow at a considerable growth rate with the countries such as India as the highest event stream processing market. Countries such as Japan, China, and South Korea are anticipated to be at the forefront in the adoption of event stream processing owing to increased technological investment in the countries. Moreover, the rising trend of the cloud-based solution in medium and large industries propels the demand for event stream processing in the region.
The major players of the global event stream processing solution market are IBM, Microsoft, Oracle, SAS, SAP, TIBCO, Google, Informatica, Hitachi Vantara, Software AG, Salesforce, AWS, Redhat, FICO, Impetus Technologies, Radicalbit, Streamlio, data Artisans, Equalum, Striim, and more. The event stream processing solution market is fragmented with the existence of well-known global and domestic players across the globe.
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Segment Overview of Global Event Stream Processing Market
Application Overview, 2018-2028 (USD Million)
Algorithmic Trading
Fraud Detection
Network Monitoring
Predictive Maintenance
Sales and Marketing Management
Others
Type Overview, 2018-2028 (USD Million)
Analytics
Data Integration
End-User Overview, 2018-2028 (USD Million)
BFSI
Energy And Utilities
IT & Telecom
Manufacturing
Media & Entertainment
Retail & E-Commerce
Travel & Hospitality
Others
Regional Overview, 2018-2025 (USD Million)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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According to a new market research report "System of Insight Market by Component (Solutions and Services), Applications (Customer Analytics, Operations Management, Sales and Marketing Management, Risk and Compliance Management), Deployment Model, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the global system of insight market size is expected to grow from USD 1.2 billion in 2019 to USD 3.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.2% during the forecast period.The major factors contributing to the growth of this market include the increasing volume of big data and a growing need for data analytics.
Moreover, an increasing adoption of cloud-based solutions provides opportunities in the system of insight market.Browse and in-depth TOC on “System of Insight Market” 58 - Tables34 - Figures 128 - Pages Ask For PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=236882549Solutions segment to hold a larger market size during the forecast periodBy component, vendors offer solutions and services in the system of insight market.
Solutions are developed by various vendors for helping end users to process a large volume of streaming data in real time, thereby enabling enterprises to react to dynamic business requirements and enhance customer experience.
The solutions integrate data across all channels, generates insights from analytics, and helps enterprises to make better decisions.
Some of the applications used in this vertical are algorithmic trading, electronic transaction monitoring, and dynamic pre-trade analytics.
Moreover, the system of insight solutions and services are widely used to enhance customer relationships.Request Bundle Reports @ https://www.marketsandmarkets.com/RequestBundleReport.asp?id=236882549North America to hold the largest market size during the forecast periodNorth America is the major revenue generating region in the global system of insight market.
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According to research report "Event Stream Processing Market by Application (Fraud Detection, Predictive Maintenance, Algorithmic Trading, and Network Monitoring), Component, Deployment Mode, Type (Data Integration and Analytics), Vertical, and Region - Global Forecast to 2023", The global Event Stream Processing (ESP) market size is expected to grow from USD 690 million in 2018 to USD 1,838 million by 2023, at a Compound Annual Growth Rate (CAGR) of 21.6% during the forecast period.
The major factor fueling the market growth is the increasing demand for Internet of Things (IoT) and smart devices driving the adoption of ESP solutions.
The fraud detection segment further helps reduce operational risks through continuous monitoring of suspicious activities.BFSI vertical is expected to account for the largest market size during the forecast periodThe BFSI vertical has gained traction in event stream processing market, owing to the early adoption of ESP solutions for financial applications.
Some of the applications are algorithmic trading, electronic transaction monitoring, and dynamic pre-trade analytics.
They are adopting various growth strategies to strengthen their position in the event stream processing market.Major vendors in the global event stream processing market include IBM (US), Microsoft (US), Google (US), Oracle (US), SAS (US), SAP (Germany), TIBCO (US), Informatica (US), Hitachi Vantara (US), AWS (US), Software AG (Germany), Salesforce (US), Redhat (US), FICO (US), Impetus Technologies (US), data Artisans (Germany), Radicalbit (Italy), Streamlio (US), Equalum (Israel), Striim (US), Confluent (US), EVAM (US), Databricks (US), SQL Stream (US), and EsperTech (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
