The global complex event processing market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Owing to the proliferation of sensors and connected devices, the amount of data getting stored is also rising tremendously. This posed a major challenge of analyzing this data on a real-time basis while the traditional database management system (DBMS) method was used as medium of storage of data. However, complex event processing addresses this problem, as it works on the stored query rather than stored data. The market growth is also attributed to the growing connected systems of Internet of Things (IoT). Some other prominent factors that are anticipated to push the growth of the complex event processing market include addressing of network complexity arising due to the advent of new technologies, such as 5G, and cloud; increase in data volume and changes in traffic patterns, rise in SDN integration with existing network infrastructures and IoT.
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The increasing penetration along with the advancement in wireless communication technology is anticipated to considerably drive the market growth in the future years. With the growing internet penetration, the rising mines of data viably need to be stored, processed and computed without compromising its real-time analysis. Further, the integration of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT), has resulted in exponential data and the devices’ proliferation. Thus, the demand for efficient complex event processing systems for effective real-time data processing is surging, which in turn, is driving the market growth.
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Market Coverage
- Segment Covered-
o By Application
o By Deployment Model
o By Vertical
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: IBM Corp., SAP SE, and Oracle Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Complex Event Processing Market Report by Segment
By Application
- Fraud Detection
- Dynamic Pre-Trade Analytics
- Asset Management and Predictive Scheduling
- Algorithm Trading
- Geo-Fencing and Geospatial Analysis
- Others
By Deployment Model
- Cloud
- On-Premise
By Vertical
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Energy and Utilities
- Transportation and Logistics
- Healthcare
- Manufacturing
- Government
- Aerospace and Defense
- Others
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