The global Complex Event Processing market is anticipated to increase at a 25.3% CAGR to reach value US$ 19.32 Bn. in 2029
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The complex event processing is influenced by the increasing use of internet that provide real-time big data analytics. Along with the need for real-time data analytics, the amount of data getting stored is reaching high regularly. Hence, the demand for efficient CEP systems to effective real-time data processing is growing in the forecast period of 2020 to 2027. Furthermore, The increasing complexity pertaining to management of the critical data has forced organizations for CEP adoption for implementing predominant depository for their master data management. Large volume of data is collected in the organizations which may include client relations management, transaction processing systems, procurement analysis, or any other enterprise grade system, thereby making CEP an essential tool in organizations. data collection, combination and analytics tools are the essential utility for most of the enterprises to store and secure data.
This can be ascribed to the increasingly adoption in various industry sectors driven by growing need for management and analytical capabilities for high amount of data emerging from operation. It offers new opportunities for key players operating in the global complex event processing market. Besides, the implementation of cloud is affecting the market in a positive manner.
However, Limited IT security budgets in SMEs is hampering the market growth. Furthermore, analyzing multiple streams of high-volume and high-speed data is to provide lucrative development opportunities for the complex event processing market in the forthcoming years.
Complex Event Processing Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2029 |
| Study Period | 2018-2029 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2029 | US$ 19.32 Bn. |
| Growth Rate | CAGR of 25.3 % during 2019-2029 |
| Segment Covered | by Type, by Enterprise,by Industry Vertical, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | IBM Corporation, SAP SE, Oracle Corporation, Tibco Software Inc., SAS Institute Inc., Informatica Corporation, Nastel Technologies Inc., Software AG, Espertech Inc., Cisco Systems Inc., Red Lambda Inc, EMC Inc., ClearPriority SA, Fujitsu Ltd, Huawei Technologies, Microsoft, Red Hat Inc., Vitria Technologies, SI Corporation |
Key Segments of the Global Complex Event Processing Market
Deployment Overview
- On-premise
- Cloud
Service Type Overview
- Consulting
- Installation & Maintenance
- Training & Support
- Managed Service
Application Overview
- Algorithmic Trading
- Electronic Transaction Monitoring
- Dynamic Pre-Trae Analytics
- Data Enrichment
- Fraud Detection
- Governance, Risk & Compilance
- Asset Management and Predictive Scheduling
- Geo-fencing & Geospatial Analysis
- Others
Regional Overview
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Belgium
- Neitherland
- Asia Pacific
- China
- Japan
- India
- Australia & New Zealand
- Moddle East and Africa
- GCC
- South Africa
- North Africa
- South America
- Mexxico
- Brazil
- Chile
- Peru
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global complex event processing market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global complex event processing market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the complex event processing market industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on Deployments, Service Type, and Application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global complex event processing market. The report will benefit Every stakeholder involved in the complex event processing market.
- Managers within the complex event processing market industry looking to publish recent and forecasted statistics about the global complex event processing market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global complex event processing market.
- Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The Complex Event Processing Market is studied from 2019- 2029.
Global Complex Event Processing Market is growing at a CAGR of 25.3 % during the forecast.
CEP's largest market is North America, followed by Europe. These regions have seen a significant rise in data generated by business processes, necessitating real-time analysis.
The major players of the global Complex Event Processing market are IBM Corporation, SAP SE, Oracle Corporation, Tibco Software Inc., SAS Institute Inc., Informatica Corporation, Nastel Technologies Inc., Software AG, Espertech Inc., Cisco Systems Inc., Red Lambda Inc, EMC Inc., ClearPriority SA, Fujitsu Ltd, Huawei Technologies, Microsoft, Red Hat Inc., Vitria Technologies, SI Corporation
Complex event processing (CEP) is primarily focused on managing data in motion by method of tracking, analyzing, and processing information as per the occurrence of certain events. The streams of information are collected, combined and analyzed to match the resulting pattern with defined behaviors. Ongoing globalization of the companies and continuous rise in statistics and information across organizations, to consolidate the business data through a defined point is provided by CEP. Complex event processing allows organizations to continuously process and analyze multiple streams of high-volume, high-speed data, and system events to detect business-critical issues with real-time alerts before they occur, to support business decision-making.
For instance, in retail business, there is a high probability of dealing with a huge number of customers with a significant number of interactions. Complex event processing streams the data and analyses it for better results. To achieve business goals, the retailer not only wants data analysis but also the process to respond to the results of the analysis. CEP platform can be used in such a way that as soon as a high-valued customer uses the program, the system triggers a process that offers the customer an extra discount.
However, the market is expected to become fragmented in the forthcoming years as several new market players are emerging from developing countries such as India, Japan, China, and other countries.
Deployment Segment
In terms of the Deployment, the market is categorized into On-premise and Cloud. The cloud is predicted to achieve the largest growth during the forecast years 2021-2028. On the other hand, the on-premise seized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast years.
Service Type Segment
Based on the service type, the market is segmented into consulting, installation & maintenance, training & support, and managed service. The consulting market for is anticipated to possess the largest market share in 2020. However, the other segments are likely to grow with a significant growth rate.
Application Segment
Based on the application segment, the market is bifurcated into algorithmic trading, electronic transaction monitoring, dynamic pre-trae analytics, data enrichment, fraud detection, governance, risk & compilance, asset management and predictive scheduling, geo-fencing & geospatial analysis, and others. In 2020, the algorithmic trading accumulated the maximum market share and it is likely to continue its dominance throughout the forecast years. However, the others segment had projected to attain major growth throughout the previous years.
North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the complex event processing market in this region is mostly ascribed to the high increase in data generated through business processes and this has created need for real time analysis in this area by companies in countries such as France, Germany, Italy and UK to compete against other regional players. However, the Asia Pacific region is likely due to the collaborations between complex event processing to account for the maximum market contribution during the forecast years. The domination of this region is largely ascribed to the increased demand from BFSI (banking, financial services and insurance), and IT & telcom sector.
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The major players of the global Complex Event Processing Market are 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, EsperTech, Inc, Cisco Systems, EMC Corp, ClearPriority SA, and Fujitsu Ltd. Renowned companies are offering new and modern complex event processing market. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategy to remain competitive in the global market.