USD 140.96 Billion
Event Stream Processing Market Size, Share, Growth Analysis, By Component(Software, Platform, Services), By Deployment Type(Cloud and On-Premises), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45E2180 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
61
|Figures:
77
Event Stream Processing Market Insights
Global Event Stream Processing Market size was valued at USD 140.96 Billion in 2022 and is poised to grow from USD 172.55 Billion in 2023 to USD 869.86 Billion by 2031, at a CAGR of 22.41% during the forecast period (2024-2031).
Real-time analytics demand is on the rise, and big data benefits are becoming more widely recognised, which is why this industry is growing. The increasing adoption of cloud-based event stream processing solutions is anticipated to support the market's expansion throughout the course of the projected period.
People generate 2.5 quintillion bytes of data per day, and this amount is anticipated to increase more quickly each year, according to Mach Eye. Users of business intelligence are already having trouble turning this deluge of complex data into useful insights.
As a result, there would be a substantial need for more sophisticated, user-friendly data translation systems. Retailers may create highly individualised offers for each of their customers at a very fine level thanks to targeted offers and predictive analytics.
Retailers, for instance, can increase sales across all of their channels by personalising the in-store experience with discounts that encourage repeat purchases and encourage more purchases. To upsell or cross-sell a customer, predictive analytics can be used. The lifetime value (CLV) of a customer can also be predicted by firms using predictive analytics. In order to identify the most profitable clients over time, CLV analyses historical behaviour to estimate a customer's discounted value over time.
Additionally, the use of event stream processing is rapidly expanding in radio-frequency identification (RFID) event processing applications due to the demand for real-time processing of massive volumes of RFID data. An RFID reader can read the signal that is produced by the connection of RFID tags to objects or people.
US Event Stream Processing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cloud
Fastest Growth
Cloud
Growth Rate
22.41% CAGR
Global Event Stream Processing Market ($ Bn)
Country Share for North America Region (%)
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Event Stream Processing Market Segmental Analysis
Global Event Stream Processing Market is segmented on the basis of component, deployment type, application and region. By component, the market is segmented into software, platform, services. By deployment type, market is segmented into cloud and on-premises. By application, the market is fraud detection, predictive maintenance, algorithmic trading. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Event Stream Processing Market Analysis by Deployment Type
on-premises deployment still exists and serves specific use cases, the dominant deployment segment in the global event stream processing market is cloud-based deployment. The scalability, cost-effectiveness, and flexibility offered by cloud platforms have accelerated its adoption, allowing organizations to efficiently process and analyze streaming data in real time.
The cloud-based deployment segment is also the fastest-growing segment in the event stream processing market. The advantages of scalability, flexibility, cost-effectiveness, and rapid deployment have driven the widespread adoption of cloud-based event stream processing solutions. The ability to handle large volumes of streaming data and derive real-time insights has become increasingly crucial in today's data-driven landscape.
Event Stream Processing Market Analysis by Component
The services segment is expected to grow at a faster rate than the solutions segment during the forecast period. This is because businesses are increasingly outsourcing the implementation and maintenance of event stream processing solutions. Services include consulting, training, and support. Consulting services help businesses to assess their needs and select the right event stream processing solution. Training services help businesses to learn how to use the solution effectively. Support services help businesses to troubleshoot problems and resolve issues.
The solutions segment is expected to be the dominant segment in the global event stream processing market during the forecast period. This is because businesses are increasingly adopting event stream processing solutions to process large volumes of data in real time. Solutions are software applications that are used to process event streams. These solutions typically include a variety of features, such as event ingestion, event routing, event correlation, event analytics, and event visualization.
Global Event Stream Processing Market By Deployment type
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Event Stream Processing Market Regional Insights
Cloud-based event stream processing deployments are the dominant segment in North America. The region has a strong cloud infrastructure and services ecosystem, with major cloud service providers offering scalable and reliable event stream processing solutions. The region has a mature technology landscape, early technology adopters, and a high concentration of technology companies.
The fastest-growing segment in Europe is the adoption of event stream processing in the manufacturing sector. With the rise of Industry 4.0 initiatives, manufacturing companies are leveraging event stream processing to optimize production processes, enable predictive maintenance, and improve operational efficiency.
Global Event Stream Processing Market By Region
- Largest
- Fastest
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Event Stream Processing Market Dynamics
Event Stream Processing Market Drivers
Increasing Data Volumes
- The exponential growth of data generated from various sources, such as IoT devices, social media, sensors, and transactional systems, is a major driver for event stream processing. Traditional batch processing and offline analytics are no longer sufficient to handle the massive volumes of data. Event stream processing enables organizations to process and analyze data in real time as it is generated, extracting valuable insights and taking immediate actions.
Real-time Analytics and Decision-making
- In today's fast-paced business environment, organizations need to make informed decisions in real time. Event stream processing enables real-time analytics, allowing organizations to process and analyse streaming data as it is generated. Real-time insights derived from event stream processing help organizations respond quickly to changing market conditions, customer preferences, and operational issues.
Event Stream Processing Market Restraints
Adoption of Cloud-based Event Stream Processing
- Cloud-based event stream processing platforms are gaining significant traction. Organizations are leveraging the scalability, flexibility, and cost-effectiveness of cloud infrastructure to process and analyse streaming data. Cloud providers, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), offer managed event stream processing services, making it easier for organizations to deploy and scale event-driven applications.
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Event Stream Processing Market Competitive Landscape
The global event stream processing market is highly competitive, with several established players and emerging startups vying for market share. These providers offer integrated platforms that combine event stream processing with data storage, analytics, and machine learning, enabling organizations to derive valuable insights from streaming data.
Event Stream Processing Market Top Player’s Company Profiles
- Apache Kafka (United States)
- Confluent (United States)
- Google Cloud (United States)
- IBM (United States)
- Microsoft (United States)
- Amazon Web Services (United States)
- TIBCO Software (United States)
- Informatica (United States)
- Striim (United States)
- Software AG (Germany)
- Oracle (United States)
- SAP SE (Germany)
- Cloudera (United States)
- StreamSets (United States)
- Hazelcast (United States)
- Solace (Canada)
- DataStax (United States)
- Databricks (United States)
- PubNub (United States)
- WSO2 (United States)
- DataTorrent (United States)
- Aventador (United States)
Event Stream Processing Market Recent Developments
- In May 2023, Red Hat announced the general availability of Red Hat AMQ Streams, a fully managed service that helps businesses to process event streams in real time.
- In April 2023, Oracle announced the general availability of Oracle Stream Analytics, a fully managed service that helps businesses to process event streams in real time.
- In March 2023, Microsoft announced the general availability of Azure Event Hubs, a fully managed service that helps businesses to ingest, store, and process event streams.
Event Stream Processing Key Market Trends
- Hybrid Event Stream Processing Deployments: There is an increasing trend towards hybrid event stream processing deployments, which combine both cloud and on-premises architectures. Hybrid deployments allow organizations to leverage the benefits of both models, providing flexibility, data sovereignty, and the ability to process sensitive or regulated data on-premises while taking advantage of cloud scalability for other data streams.
Event Stream Processing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the event stream processing market has been witnessing steady growth, driven by increasing data volumes, the need for real-time analytics, the proliferation of IoT devices, and the demand for actionable insights. The market size is expected to reach billions of dollars in the near future, with a compound annual growth rate (CAGR) projected to be in the double digits. The event stream processing market is driven by several factors, including the increasing volumes of data, the need for real-time analytics and decision-making, the adoption of IoT technologies, the demand for actionable insights, the focus on fraud detection and cybersecurity, the desire for personalized customer experiences, technological advancements, regulatory compliance requirements, and the growth of real-time applications. The event stream processing market is expected to witness continued growth due to the increasing importance of real-time data processing and analytics in organizations. The market will be driven by advancements in cloud computing, edge computing, machine learning integration, and the evolution of streaming technologies. As more industries recognize the value of real-time insights, the adoption of event stream processing is expected to expand across sectors and regions.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 140.96 Billion |
| Market size value in 2031 | USD 869.86 Billion |
| Growth Rate | 22.41% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Event Stream Processing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Event Stream Processing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Event Stream Processing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Event Stream Processing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Event Stream Processing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Event Stream Processing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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