Event Stream Processing Market Grow Pricing, Features, Reviews & Comparison of Alternatives


Posted November 18, 2020 by Techfuture

Event Stream Processing Market- Opportunities, Challenges, Device Shipments Growth
 
Overview:

The global market review on the event stream processing market reveals a possibility of scaling up to USD 1,663 million valuation by 2023, with a 22% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR), in its attempts to understand the market growth, revealed various factors like the introduction of IoT, demand for better distribution of workflow, need of it in the formation of IT structure to understand various drawbacks and build a proper structure, and others that can bolster the market growth during the forecast period.

Segmentation:

The global report on the event stream processing market discussed the market as per the segmentation launched by MRFR analysts. These segments include deployment mode, industry vertical, application, and component. Such a segmentation includes a proper review of data that can help in tracking trends to boost the market outcome.

By component, the report on the event stream processing market comprises software, platform, and services.

By service, the event stream processing market includes a discussion of professional and managed services.

By deployment mode, the event stream processing market reveals a discussion on cloud and on-premises.

By application, the understanding of the event stream processing market includes predictive maintenance, fraud detection, algorithmic trading, network monitoring, sales & marketing, and others.

By industry vertical, the review of the event stream processing market includes energy & utilities, BFSI, Transportation & Logistics, manufacturing, rIT & Telecom, retail & eCommerce, and others.

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Regional Analysis:

North America and Europe are going to witness a substantial hike in the market valuation as the BFSi sector would create a huge demand for the same. Booming industries in Asia Pacific would bolster market growth.

Competitive Landscape:

Microsoft Corporation (US), IBM Corporation (US), Google LLC (US), SAS Institute (US), Oracle Corporation (US), Salesforce.com, inc. (US), Striim, Inc. (US), SAP SE (Germany), TIBCO Software Inc. (US), Software AG (Germany), Informatica LLC (US), SQLstream, Inc. (US), FICO (US), Hitachi Vantara Corporation (US), and Streamlio, Inc. (US) are some of the eminent companies who have joined the force to support the growth of the event stream processing market. The practical application of their strategies often inspires changes in the market that focuses on expanding the chances of exploration.

Industry News:

In August 2020, Confluent, Inc., a company known for its pioneering impact on the event streaming industry, announced the launching of Confluent Platform 6.0 and also revealed information about the latest theme for Project Metamorphosis – Global. Confluent Platform 6.0 and Confluent Cloud provide cluster linking that makes event data available across businesses, no matter whether data is on premises in different continents, and distributed among various cloud providers or incorporated hybrid environments. Confluent Platform 6.0 can also deliver in previous phases of the Project Metamorphosis, which helps in making Apache Kafka® flexible and improves cost-effectiveness and infinite data retention.

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In August 2020, Klarrioas, per the announcements from both the parties, has been selected as an IoT Ecosystem Partner that would work with analytics leader SAS. As per the agreement, Klarrio will work with the SAS IoT division and gain access to SAS’ broad expertise that is known for designing and deploying advanced analytics solutions. Among its significant performances, the SAS® Analytics for IoT is substantially acknowledged. Klarrio is known for its extremely large-scale and advanced data-streaming capabilities, which SAS can utilize to improve its performance.

Changes in the work pattern policy due to the COVID-19 crisis is expected to boost the global event stream processing market.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Contact Email [email protected]
Issued By Market Research Future
Phone 09617050300
Business Address Office No. 528, Amanora Chambers Pune - 411028
Country India
Categories Research , Science , Technology
Tags Event Stream Processing Market
Last Updated November 18, 2020