(IT-NEWSWIRE.COM, April 06, 2021 ) According to research report "Event Stream Processing Market by Application (Fraud Detection, Predictive Maintenance, Algorithmic Trading, and Network Monitoring), Component, Deployment Mode, Type (Data Integration and Analytics), Vertical, and Region - Global Forecast to 2023", The global Event Stream Processing (ESP) market size is expected to grow from USD 690 million in 2018 to USD 1,838 million by 2023, at a Compound Annual Growth Rate (CAGR) of 21.6% during the forecast period.
The major factor fueling the market growth is the increasing demand for Internet of Things (IoT) and smart devices driving the adoption of ESP solutions. The rising adoption of ESP solutions in modern applications and the growing investments and funding in the ESP start-ups could provide growth opportunities for vendors in the market.
Browse 79 market data Tables and 53 Figures spread through 168 Pages and in-depth TOC on "Event Stream Processing Market - Global Forecast to 2023"
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=157457365
The fraud detection segment is expected to account for the largest market size during the forecast period
Fraud detection is one of the key applications of the event stream processing market. It is used to protect customer and enterprise information, assets, accounts, and transactions through real-time analysis of activities by users. The ability to detect fraud in real time is one of the top concerns for companies worldwide. The fraud detection segment further helps reduce operational risks through continuous monitoring of suspicious activities.
BFSI vertical is expected to account for the largest market size during the forecast period
The BFSI vertical has gained traction in event stream processing market, owing to the early adoption of ESP solutions for financial applications. ESP solutions have a wide range of applications in the BFSI vertical. Some of the applications are algorithmic trading, electronic transaction monitoring, and dynamic pre-trade analytics. Moreover, ESP solutions and services are widely used to enhance customer relationships.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=157457365
North America is expected to account for the largest market size during the forecast period
North America is the major revenue generating region in the global event stream processing market. The region is witnessing major developments in the marketspace. Most of the ESP solution providers are present in North America are involved in product innovations and deployment of the ESP solutions. They are adopting various growth strategies to strengthen their position in the event stream processing market.
Major vendors in the global event stream processing market include 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).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Mr. Aashish Mehra