Global Complex Event Processing Market 2017-2021

Overview of the global complex event processing market

Research analysis on the global complex event processing market identifies that the rising usage of complex event processing for security purposes will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 18% by 2021. Complex event processing has wide applications in security and fraud detection. Fraud detection is evaluated by using statistics, complex event processing, business intelligence, and artificial intelligence. Using patterns and historical data and in three major steps including event tracking, situation detection, and using predictive analytics for responding, complex event processing helps in significantly increasing cyber security. Additionally, complex event processing also identifies events and makes initial decisions. This increases the demand for complex event processing in the coming years, subsequently fueling CEP market growth.

Currently, several industries use connected devices due to the generation of a large amount of data. This data is increasingly used by businesses for cost optimization and revenue generation. For instance, aviation engine manufacturers provide equipment on rent. The feedback obtained from engine users assists manufacturers to modify the engine design and lower maintenance costs. Companies including Amazon.com and General Electric already use business process management and analytics for various purposes including automation, gaining insight into the target market, and for enhancing the performance. This will increase the utilization of big data analytics, which will subsequently drive the demand for complex event processing.

Competitive landscape and key vendors  

According to the complex event processing industry report, the established vendors in the complex event processing market are acquiring smaller vendors to widen their product portfolios and boost their market share. Though the leading application providers have a comprehensive and robust suite of products, the need to gain an advantage by acquiring advanced analytic capabilities, will lead to increased market consolidation.

The leading vendors in the market are -

• IBM
• Oracle
• SAP

The other prominent vendors in the market are EsperTech, Informatica, Kx Systems, Nastel Technologies, Red Hat, SAS, Software, TIBCO Software, and WSO2.

Segmentation by end-user and analysis of the complex event processing market

• BFSI industry
• Healthcare industry
• Transportation industry

During 2016, the BFSI industry segment accounted for the major shares of the complex event processing market. Factors such as the increased usage of complex event processing in the banking sector and other financial institutions for fraud detection will be a major factor contributing to the growth of this industry segment in the coming years. This in turn, will have a positive impact on the complex event processing industry share and size.

Geographical segmentation and analysis of the complex event processing market

• Americas
• APAC
• EMEA

This complex event processing (CEP) market forecast study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the cpredictive analytics market throughout the forecast period. The BFSI and healthcare industries are the major end-users to the predictive analytics market in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global complex event processing market?
• What are the key market trends impacting the growth of the global complex event processing market?
• What are the challenges to market growth?
• Who are the key vendors in the global complex event processing market?
• What are the market opportunities and threats faced by the vendors in the global complex event processing market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global complex event processing market?

Technavio also offers customization on reports based on specific client requirement.

Complex event processing records data in motion by using tracking, analyzing, and processing information on the occurrence of certain events. The information thus collected can help in identifying meaningful events and respond to them appropriately. The upcoming report on the global complex event processing market is an integral part of ICT industry. Technavio offers a wide collection of research reports by collecting data and insights from vendors, manufacturers, and end users, and provides an accurate forecast for the markets in the enterprise application sector. Our market research report for the ICT industry comprise of an in-depth analysis of a wide range of business assessment parameters such as market size, growth rate, prominent vendors, and key insights.

Research analysts at Technavio implement an extensive primary and secondary research methods to assess the changing demand-supply landscape of the enterprise application sector. The upcoming market research report on the complex event processing market also offers insights into the key market drivers, technological advancements, market size, and competitive factors that will influence the growth of the key vendors in this market space.This upcoming market research report on the global complex event processing market also covers vendors like IBM, Oracle, Microsoft, Tibco Software, SAP, and Cisco. The report also covers geographic regions such as the Americas, APAC, and EMEA to identify the most lucrative market and challenges that pertain to different regions. Revolution in internet and use of big data have come a long way over the past couple of years and is now expected to influence the demand for complex event processing over the next few years.

The upcoming report for global complex event processing market also analyzes the market's growth potential by considering multiple variables such as current market size, demand-supply fluctuations, major geographic markets, emerging trends, as well as opportunities and challenges faced by the industry. Technavio also provides deep-dive market assessments into the sectors such as IT security, IT spending, and product lifecycle management.

Our market research methodology for the complex event processing market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.