Report ID: 10352429 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Event Stream Processing Market Report Scope
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~22% |
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Base Year Market Size (2022) |
~ USD 1240.0 Million |
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Forecast Year Market Size (2033) |
~ USD XX.X Million |
Global Event Stream Processing Market Highlights Over 2023 - 2033
The global event stream processing market is estimated to garner a notable revenue by the end of 2033 by growing at a CAGR of ~22% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 1240.0 Million in the year 2022. The growth of the market can be attributed to the rising volume of data across the world. The total volume of data created, copied, captured, and consumed in the year 2020 accounts for nearly 64 zettabytes.
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Event stream processing refers to a reactive programming technique that filters, analyses, and processes data as it flows through a pipe from a data streaming source. It is used in a variety of scenarios in real-time applications. Moreover, it is used for projects that should be completed quickly with time as the data is fed into an analytic system as soon it is generated. Therefore, an increase in the number of mobile devices is anticipated to surge the growth of the global event stream processing market. There are more than 15 billion mobile devices operating in the year 2021 across the globe.
Global Event Stream Processing Market: Growth Drivers and Challenges
Growth Drivers
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Rising Demand for IoT Connections– Stream processing is a continuous flow of data from different sources such as IoT sensors and it is anticipated to surge the growth of the global event stream processing market. As per the GSM Association's Mobile Economy Report 2019, the total number of IoT connections worldwide will be around 25 billion by the end of 2025.
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Adoption of Artificial Intelligence- More than 35 percent of organizations around the globe have adopted artificial intelligence in the year 2021
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Increasing Internet Penetration- As per the World Bank, there has been increasing in the percentage of individuals using the internet from 29 percent in 2010 to 60 percent in 2020
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Surging New Business Applications – As per the U.S. Census Bureau, business applications increased by 3.7 percent in July 2022 as compared to June 2022.
Challenges
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Lack of Skilled Professionals
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High Cost for the Installation of the System
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Threat to Privacy
The global event stream processing market is segmented and analyzed for demand and supply by deployment mode into on-premises, and cloud. Out of these, the cloud segment is anticipated to hold the largest share over the forecast period owing to the high adoption of cloud technology across the organization. By 2021, more than 65 percent of global enterprises will have a cloud-based infrastructure.
Global Event Stream Processing Market Regional Synopsis
Regionally, the global event stream processing market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of the growing adoption of internet of things devices, and increasing adoption of event stream processing solutions. For instance, More than 65 percent of North American homes across the globe possess at least one IoT device.
Market Segmentation
Our in-depth analysis of the global event stream processing market includes the following segments:
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By Deployment Mode |
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By Application |
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By Component |
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Key Companies Dominating the Global Event Stream Processing Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global event stream processing market that are included in our report are IBM Corporation, Microsoft Corporation, SAP SE, Salesforce.com Inc., Oracle Corporation, TIBCO Software Inc., SAS Institute Inc., Software AG, Guavus, Inc., Hitachi Vantara Corporation, and others.
Global Event Stream Processing Market: Latest Developments
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July, 2022: TIBCO Software Inc., announced the enhancements to its TIBCO Cloud Integration to unlock the power of real-time data with breakthrough iPaaS capabilities.
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December, 2020: Hitachi Vantara Corporation announced the expansion of E series line of high-performance NVMe all-flash arrays to support the data infrastructure needs of medsized enterprises.
Key Reasons to Buy Our Report
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The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Frequently Asked Question
The market is segmented by deployment mode, component, application, and by region.
The cloud segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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Report ID: 10352429 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
