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Complex Event Processing Market


Information & Communications Technology
Software & Services

MarketsandMarkets forecast the Complex Event Processing market size to grow from USD 1.28 Billion in 2015 to USD 4.95 Billion by 2020, at a compound annual growth rate (CAGR) of 31.1%. The adoption of device based computing and potential growth in demand for enterprise data worldwide are the main drivers of the CEP market.

Presently, on-premise based deployment of CEP has the larger share than the cloud-based deployment of CEP but the latter deployment model is expected to surpass during the forecast period due to high adoption rate of cloud technologies. The Large enterprises and Small and medium enterprises (SMEs) are showing high interest in the cloud-based CEP applications due to its multiple advantages such as low operational expense, easy deployment, scalability, and easy collaboration. Moreover, due to the rise in mobile workforce and number of smartphone users, major players aim at providing handy and easily accessible applications. The ongoing globalization of companies and the continuous rise in content among organizations have led the organizations to enable the consolidation of business-critical data through a single point provided through CEP applications. Likewise, with the increasing complexity pertaining to maintaining and managing this data, organizations are widely considering cloud-based deployments for implementing the central repository for their master data.

The managed services segment is expected to have the largest market share and highest CAGR during the forecast period.

The CEP applications are being increasingly adopted by companies and organizations in various industry verticals such as Banking, Financial Services and Insurance (BFSI); transportation and logistics; healthcare; IT and telecommunication; retail; energy and utilities; manufacturing; government; and aerospace and defense among others. BFSI is expected to dominate the CEP industry market, contributing the largest market share, during the forecast period.

Complex Event Processing (CEP) Market

North America is expected to have the largest market share and would dominate the Complex Event Processing market from 2015 to 2020. Asia-pacific (APAC) offers potential growth opportunities, as companies in the APAC region are turning toward CEP application providers to offer a high degree of services in terms of quality, performance, and capacity.

However, the diversified governmental regulations and policies present across domestic and international borders are restraining the growth of the CEP market. The key players in the Complex Event Processing market are IBM Corporation, SAP SE, Oracle Corporation, TIBCO Software Inc., SAS Insitute, Inc., Informatica Corporation, WSO2, Inc., Nastel Technologies, Inc., Red Hat, Inc., Software AG, and EsperTech, Inc. These major players also launched new products and offerings to strengthen their product portfolio and to expand their offerings to new clients. These players adopted various strategies, such as new product developments, mergers, partnerships, collaborations, and business expansion to cater to the needs of the CEP market.

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