Event Stream Processing Market Latest Technology Advancements, Growth and Huge Business Opportunities 2022 to 2026: IBM Corporation, Microsoft Corporation, Google Inc., Oracle Corporation, Amazon Web Services Inc

The report considers the present scenario of the Event Stream Processing Market and its dynamics for the forecast period 2022-2026. Event Stream Processing Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.      

The Event Stream Processing (ESP) market is anticipated to witness a CAGR of 20.6% over the forecast period 2021-2026. 

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The Event Stream Processing market is highly competitive and consists of a number of major players. Companies like IBM Corporation, Microsoft Corporation, Google Inc., Oracle Corporation, Amazon Web Services Inc., Salesforce, Redhat, SAP SE, TIBCO, Hazelcast IMDG, SAS, Confluent, Inc., Hitachi Vantara, Informatica Amongst Others.

Key Developments:

- July 2020 - Hazelcast, an open-source in-memory computing platform, announced the latest version of Hazelcast Jet which includes new application development features to its stream processing architecture. This new release enables existing infrastructure to gracefully extend to an event-driven architecture, enabling new functionality with real-time and in-memory processing.
- July 2020 With an aim to build the next- generation event streaming platform, Confluent, Inc., a real-time data platform built around Apache Kafka, announced the next stage of its Project Metamorphosis initiative. The new Infinite release boasts of a new capability in Confluent Cloud capable of creating a centralized platform with limitless storage and retention, for all current and historic event streams.

Market Segmentation:

Segmentation by type:

On-Premises
Managed
Hybrid

Segmentation by application:

0-100 Users
100-500 Users
Above 500 Users

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.
- BFSI vertical has applications where ESP solutions can prove beneficial, such as internet banking, mobile banking. Owing to this, enterprises operating in this space are looking to achieve a competitive advantage by deploying ESP solutions that could analyze real-time streaming data to perform various activities.
- The technological penetration, coupled with the growth of digital channels, has triggered a slew of transactions resulting from various activities such as making a payment, withdrawing cash or trade a stock, etc. Online banking is becoming the preferred choice of customers for banking services. According to Eurostat, the statistics pertaining to online banking indicated that about 58% of the EU population used internet banking in 2019.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Event Stream Processing Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Event Stream Processing Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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