Complex event processing (CEP) tracks and analyzes information streaming and chain of events to derive conclusions. Basic goal of CEP is to identify significant events and analyze them for a better response as soon as possible. Rise in high performance trading and high frequency trading is creating strong demand in the complex event processing market. Growing needs to create strategic output from relational database and structure data are creating strong growth prospects for this industry. Rising investment opportunities across emerging regions like Asia Pacific, Middle East and Latin America are also expected to create potential investment opportunities for the key players in the market.
CEP Market Drivers & Restraints
According to the experts, the complex event processing market is strongly driven by the evolving technologies and unprecedented market risks. Growing need for the customer oriented analytical tools and easy deployment of coupling with EDA and SOA are also expected to drive the global market. Rise in big data and technologies associated with it are also expected drive the market in the years to come. Event data management and testing of the rules made for self-modification of the businesses are expected to hinder the growth of the global market. Demand from emerging markets and growth in the research and development (R&D) activities around the world are also expected to create business opportunities in this market in the next few years to come.
Market Segmentation and Forecasting Reports
Researchers segment the global complex event processing market on the basis of the types of services including training and certification, maintenance and installation, customer support and other services like HIPAA, HL7, BASEL II, eFinancial, RosettaNet, UCCNet, SWIFT and so on. Based on the business verticals, the researchers segment the global CEP market into healthcare, BFSI, retail and consumer goods, IT and telecommunication, government, defense and aerospace, energy and utilities, and others like education and research. Based on geographic region, researchers categorize the global market into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Analysis of all these segments provides the details about the current trends and growth prospects for the market.
According to the reports, the complex event processing market is poised to witness steady growth of over 36% from 2014 to 2019. At such a healthy growth rate, the market is expected to become worth $4,762 million by the end of 2019. As of 2014, the CEP market is expected to be worth $1,005 million. Customizable rules and complex regulations are expected to be some of the major influential factors for this market in the years to come. Emerging markets like Asia Pacific, Latin America, Middle East and Africa are expected to provide vital business opportunities for the key industry players.