Market Share of Event Stream Processing Industry
The global event stream processing market is moderately competitive owing to the presence of multiple players. The players in the market are adopting strategies like product innovation, mergers, and acquisitions in order to expand their product portfolios, expand their geographic reach, and primarily to stay competitive in the market.
In October 2022, RisingWave Labs, a business developing a platform for data stream processing, announced a Series A fundraising round of USD 36 million headed by Yunqi Partners, unidentified corporate partners, and angel investors. The money, which brings RisingWave's total investment to more than USD 40 million, will be used to expand the startup's business operations in preparation for the launch of RisingWave Cloud, a new cloud service, in the next few years.
In March 2022, Quine, created by thatDot, will be an open-source streaming graph solution designed for high-volume event processing. Quine, according to thatDot, mixes graph data and streaming technologies to enable the building of real-time, complicated event processing processes at scale. Developing an event-driven microservice for stream processing is a difficult endeavor that combines complex difficulties from the database and distributed systems domains. Consensus, concurrency, transactional logic, clustering behavior, fault tolerance, scalability, balancing read and write performance trade-offs, and other features are all included.
Event Stream Processing Market Leaders
IBM Corporation
Microsoft Corporation
Google Inc.
Oracle Corporation
Amazon Web Services Inc.
*Disclaimer: Major Players sorted in no particular order
