The global complex event processing market size is likely to project a CAGR of nearly 27.5% during the forecast years 2021-2028. The complex event processing market is driven by huge investments and complexity of web driver The adoption of complex event processing services acts as a driver as it use is increasing globally.
The present and future complex event processing market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the complex event processing market opportunities during the forecast year are factors such as the Internet-of-Things based solutions, where a high volume of data gets generated every second.
Also, the Increased use of complex event processing for security purpose is another factor that is driving the market growth. Furthermore, technological advances leading to affordable sensors and the need for real time data analytics is likely to provide lucrative development opportunities for the complex event processingmarket in the forthcoming years.
The report also emphasizes several distinctiveness of the global complex event processing industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the complex event processing industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The complex event processing market has tough competition among the new emerging and pre-established market vendors. Besides, the complex event processing industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the deployment, the market is categorized into cloud and on-premise. The cloud segment is predicted to achieve the largest growth during the forecast years 2021-2028. The cloud computing seized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast 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.
The major players of the global 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, EsperTech, Inc, Cisco Systems, EMC Corp, ClearPriority SA, and Fujitsu Ltd. Renowned companies are offering new and modern complex event processing solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Complex Event Processing Market
Deployment Overview, 2021-2028 (USD Million)
Service Type Overview, 2021-2028 (USD Million)
- Installation & Maintenance
- Training & Support
- Managed Service
Application Overview, 2021-2028 (USD Million)
- 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
Regional Overview, 2021-2028 (USD Million)
- North America
- Asia Pacific
- Australia & New Zealand
- Moddle East and Africa
- South Africa
- North Africa
- South America