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Event Stream Processing market set to grow according to forecasts

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Get This Report with Special Discount | Event Stream Processing Market report provides analysis of top players in all regions with industry size, growth, revenue, cost, technology, market insights, demand, trend, key statistics and industry forecasts to 2023.

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An exclusive data offered in this report is collected by research and industry experts team.

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Browse and In-depth Table of Content  on “Event Stream Processing Market

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The Global Event Stream Processing (ESP) market size to grow from US$ 690 Million in 2018 to US$ 1,838 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 21.6% during the forecast period. The major growth factors expected to drive the growth of the ESP market include the increasing demand for Internet of Things (IoT) and smart devices to drive the adoption of ESP solutions and the growing focus on analyzing a huge amount of data from multiple sources to gain real-time insights.

The Event Stream Processing Market by application has been segmented intofraud detection, predictive maintenance, algorithmic trading, network monitoring, sales and marketing management, and others (location intelligence,operations management, and smart grid stabilization). The predictive maintenance segment is expected to grow at the highest CAGR, as it is extensively used in retail;Banking, Finanacial Services and Insurance (BFSI); manufacturing; energy and utilities;Information Technology (IT) and telecommunication; and transportation verticals.

Asia Pacific is expected to grow at the highest CAGR during the forecast period”

APAC has distinctively been one of the fastest-growing regions in terms of rapidly adopting ESP solutions. The Event Stream Processing market is also termed as the next big boom with regards to the ever-increasing adoption across APAC.

The ESP market in APAC has gained traction, due to the developing economy and increasing connected devices and digitalization.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the ESP market.

  • By Company: Tier I:15%, Tier II:43%, and Tier III:42%
  • By Designation:C-Level:31%, Director Level:40%, and Others:29%
  • By Region: North America:41%, Europe: 27%, APAC:32%, MEA: 4%, and Latin America: 5%

The Study Objectives of this report are:

  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the ESP ecosystem
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the ESP ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches, such as product launches, acquisitions, contracts, agreements, and partnerships, in the market

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Top Key Players in the “Event Stream Processing Market” include are 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).

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