Published: 20 July 2023
The event stream processing platforms market grew by 13.4% to $817.4 million in 2022. The market continues to benefit from the rising demands for continuous intelligence based on the vast amount of streaming data for expedited, better informed and precise business decisions.
The event stream processing (ESP) platforms market grew by 13.4% to $817.4 million in 2022 from $720.5 million in 2021. The ESP market grew above the average worldwide software market growth rate of 11.3%, indicating the increasing application of ESP platforms for real-time processing of proliferating streaming data.
Confluent emerged as the leading vendor in 2022, followed by Microsoft, TIBCO Software, Amazon and IBM, respectively. All vendors grew by a solid double-digit growth rate of more than 18% in 2022, except IBM, which grew by 7%.
Owing to the strong revenue growth in 2022, the top five vendors’ consolidated
Analysts:
Varsha Mehta, Nicholas Carter, Fabrizio Biscotti, Sharat Menon
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