Complex Event Processing (CEP) Market worth $4,762 Million by 2019

Wednesday 19 November 2014, Amsterdam

The new report now available on ASDReports, has segmented the CEP market by type of services: installation and maintenance, training and certification, consulting services and others; by verticals in various verticals- BFSI: algorithmic trading, electronic transaction monitoring, dynamic pre-trade analytics, data enrichment, fraud detection, governance, risk and compliance (GRC); healthcare: self-service proactive monitoring and alerting and governance, risk and compliance (GRC); transportation and logistics: asset management and predictive scheduling and toll system management; IT and telecommunication: mobile billboards, revenue assurance, network infrastructure monitoring and predictive CDR assessment; retail: inventory optimization, shoplifting detection and real-time marketing and customer engagement; energy and utilities: oil and gas operation management and nuclear crisis and smart grid energy management; manufacturing: shop floor automation and operational failure detection, datacenter infrastructure management and supply chain optimization; government, defense and aerospace: Intelligence and Security, emergency response services and geo-fencing and geospatial analysis; Others: includes airport and railroad; by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East Africa (MEA) and Latin America (LA).

The major forces driving this market are the unprecedented market risks, easy to deploy, need for customer oriented analytical tools and Big Data trends. Furthermore, in verticals such as healthcare, banking and finance exponential raise in real time customer data and transaction information demands for event monitoring and fast response system to maintain organizational processes. Organizations in industries such as healthcare, telecommunication, banking and capital market; are mandate to follow compliance standards such as FISMA, BASEL III, HIPPA, etc. Thus, by using CEP technology, organization can monitor and predict compliance risks in advance which ensure smoothness of business processes and removes inconsistency.

While the CEP market is expected to rise at a steady pace across various verticals, some of the organizations such as TIBCO, Oracle, IBM and many other companies are already providing CEP technology in their current integrated middleware software product portfolio. Further, the report expects that CEP technology will be integrated into cloud services in the long term, thereby creating customizable stack services and applications that facilitate quicker customer adoption of the same.

The Complex Event Processing (CEP) Market is expected to grow from $1,005 Million in 2014 to $4,762 Million in 2019. This represents a CAGR of 36.5% from 2014 to 2019. The report observes that there is an increasing demand of CEP technology in government, defense and aerospace agencies due to the cost effectiveness and responsive operational technology, which can be integrated without disrupting traditional legacy system. Hence, even though the adoption of the CEP technology and is majorly seen in BFSI vertical, we expect that these solutions will continue to show steady growth in other verticals as well.