Complex Event Processing (CEP) Market Worth 4.95 Billion USD by 2020

PUNE, India, February 10, 2016 /PRNewswire/ --

According to a new market research report "Complex Event Processing Market by Application (Fraud detection, Algorithmic Trading, Dynamic pre-trade analytics), Service (Consulting, Installation and Maintenance), Deployment, Vertical, User type, Region - Global Forecast to 2020", published by MarketsandMarkets, the market is estimated to grow from USD 1.28 Billion in 2015 to USD 4.95 Billion by 2020, at an estimated compound annual growth rate (CAGR) of 31.1%.

Browse 70 market data Tables and 60 Figures spread through 160 Pages and in-depth TOC on "Complex Event Processing Market"

http://www.marketsandmarkets.com/Market-Reports/complex-event-processing-cep-market-1229.html

Early buyers will receive 10% customization on this report. 

CEP applications allow integration of data from diverse sources such as an organization's internal sub-systems and web-based contents, perform analytics over the data, and respond accordingly in real-time. The rising demand for improved automation of business processes and their execution in compliance with business and government policies are the driving forces of the CEP market.

The biggest challenge for CEP is the diversified governmental regulations and policies present across domestic and international borders which continually are subjected to variation. The vendors in the CEP market are continuously innovating and remodeling their present architecture to develop more proficient and advanced applications.

Potential growth in demand for enterprise data 

Modern enterprises are becoming more and more data oriented. They rely too much on their enterprise data for business decision making. Enterprises nowadays generate huge volume of data every day. Whether it is customer relationship management, transaction processing system, supply chain management or any other enterprise grade system, all generate mass volume of data. The growth of enterprise data is expected to rise massively in the coming years, increasing the demand for fast complex event processing tools. Moreover, IoT-based solutions where high volume of data gets generated every second will foster the adoption rate of complex event processing software in the upcoming years.