Increasing demand for IoT and smart devices driving the adoption of event stream processing solutions, and the growing focus on analyzing large volumes of data.
PORTLAND, PORTLAND, OR, UNITED STATE, November 26, 2021 /EINPresswire.com/ — Event streaming processing Market technology is widely used to analyze huge amount of real-time data owing to its ability to capture, analyze, and respond on a continuous flow of business information. Hence, the global event stream processing market forecasts the growth factors among various industry verticals.
For example, with the help of event stream processing, an alert can be sent to the designated user when the temperature has reached the freezing point by querying or analyzing the data streams coming from a temperature sensor.
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Rise in need to analyze large volumes of data from diverse sources to gain real-time insights is another factor expected to fuel the growth of the global event stream processing market. For example, e-commerce retailers are optimizing the online and in-store shopping experience for the customers with the help of sensors that help detect in-store behavior by analyzing streaming data within the store such as inventory, social media chats, and online-shop user profiles to customize and offer personal experience while the purchase decision is underway.
However, concerns associated with data security and privacy are expected to hamper the growth of the global event stream processing market. Furthermore, growth in cloud adoption is expected to create significant growth opportunities for the global event stream processing market.
Based on application, it is categorized into fraud detection, algorithmic trading, network monitoring, sales and marketing, and predictive maintenance. Based on industry vertical, it is classified into manufacturing, retail & e-commerce, energy & utilities, media & entertainment, transportation & logistics, IT & telecommunications, banking, financial services & insurance (BFSI), and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits of Event Stream Processing Market Study:
• The study provides an in-depth analysis of the global event stream processing market along with the current trends and future estimations to elucidate the imminent investment pockets.
• Information about key drivers, restraints, and opportunities and their impact analysis on the global event stream processing market size is provided.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the global event stream processing industry.
• The quantitative analysis of the global event stream processing market from 2018 to 2026 is provided to determine the market potential.
This report provides the profiles of the key players in the global event stream processing market, which include IBM Corporation, Microsoft Corporation, Oracle Corporation, Amazon Web Services, Inc., SAP SE, SAS Institute, Inc., Google LLC, Fair, Isaac and Company (FICO), Software AG, Red Hat, Inc., Hitachi Vantara Corporation, TIBCO Software, Inc., Informatica LLC, Salesforce.com, Inc., and WebAction, Inc. (Striim, Inc.)
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