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Dublin, Nov. 26, 2020 (GLOBE NEWSWIRE) -- The "Event Stream Processing Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The Event Stream Processing (ESP) market is anticipated to witness a CAGR of 20.6% over the forecast period 2020-2025

The increasing adoption of the internet of things (IoT) and smart devices, increasing need to analyze large volumes of data from diverse sources are some of the major factors influencing the growth of event stream processing market while concerns associated with data security and privacy is expected to hinder the growth of the market.

Event stream processing, also known as complex event processing, real-time analytics, real-time streaming analytics, or event processing, is basically a technology that can query a continuous data stream (within a period from few milliseconds to minutes), using mathematical algorithms. Event visualization, event-driven middleware, event databases, among others are some of the functionalities under ESP.

Owing to its ability to capture, analyze, and respond to a continuous flow of data, this processing technology is widely being used to analyze massive amount of real-time data. Such capabilities have enabled the growth of the market among various industry verticals.

For example, event stream processing technology can be utilized to query or analyze the data streams coming from a temperature sensor and the designated user is alerted when the temperature reaches the threshold.

The anticipated growth of adoption of temperature sensors across the consumer electronics segment over the forecast period could positively affect the market. Consumer Technology Association (CTA) estimated that Consumer Electronics Shipments in the U.S. could contribute to USD 301 billion of wholesale revenue, for the year 2019.

The breakout of the COVID-19 pandemic is expected to have a significant impact on the market in the short term, owing to a decrease in business activity across various end-user verticals that the market is catering to. This has resulted in many enterprises setting aggressive cost cutting targets and reducing capex, which is likely to impact the growth of the market.

However, with enterprises hoping that their business would bounce back by second quarter of 2021, they are forced to embrace new technologies and discover their benefits,in the long term. Such optimistic scenario therefore provides significant scope for the market over the forecast period.

Key Market Trends

Growing Demand for ESP Solutions in BFSI Vertical

With various financial institutions and banks focusing on unlocking value from the insights gained from a large pool of data generated from multiple transactions, BFSI vertical is expected to account for the largest market size during the forecast period.

North America is Expected to Hold a Large Share of the Market

North America is expected to hold the largest market size and dominate the ESP market during the forecast period. The presence of a number of ESP vendors in the region is attributed to the early adoption of emerging technologies and high adoption & investments in R&D enhance their event-based offerings.

Competitive Landscape

The Event Stream Processing Market is a highly competitive market and is currently dominated by a few players in the US, followed by those in Europe and Asia, with their technological expertise. The major players with a prominent share in the market are focusing on expanding their customer base across foreign countries by leveraging strategic collaborative initiatives to increase their market share and their profitability.

IBM Corporation, Microsoft Corporation, Google Inc., Oracle Corporation, Amazon Web Services Inc., Salesforce, Redhat, SAS, SAP SE, TIBCO, Informatica, Hitachi Vantara, and Software AG are some of the major players present in the current market.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS4.1 Market Overview4.2 Market Drivers4.2.1 Increasing Adoption of the Internet of Things (IoT) and Smart Devices4.2.2 Increasing Need to Analyze Large Volumes of Data From Diverse Sources4.3 Market Restraints4.3.1 Concerns Associated with Data Security and Privacy4.4 Porters 5 Force Analysis

5 MARKET SEGMENTATION5.1 Deployment Type5.1.1 Cloud5.1.2 On-premise5.2 Component5.2.1 Solutions (Software & Platforms)5.2.2 Services5.3 Application5.3.1 Fraud Detection5.3.2 Algorithmic Trading5.3.3 Process Monitoring5.3.4 Predictive Maintenance5.3.5 Sales and Marketing5.4 End-user Vertical5.4.1 IT & Telecommunications5.4.2 BFSI5.4.3 Manufacturing5.4.4 Retail & E-commerce5.4.5 Energy & Utilities5.4.6 Other End-user Verticals5.5 Geography

6 COMPETITIVE LANDSCAPE6.1 Company Profiles6.1.1 IBM Corporation6.1.2 Microsoft Corporation6.1.3 Google Inc.6.1.4 Oracle Corporation6.1.5 Amazon Web Services Inc.6.1.6 Salesforce6.1.7 Redhat6.1.8 SAP SE6.1.9 TIBCO6.1.10 Hazelcast IMDG6.1.11 SAS6.1.12 Confluent, Inc.6.1.13 Hitachi Vantara6.1.14 Informatica

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/qr0tgm

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Global Event Stream Processing Market 2025: Market is Anticipated to Witness a CAGR of 20.6% - GlobeNewswire