Complex Event Processing Market Growth, Size, Share, Industry Report and Forecast 2021-2027
The global complex event processing market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). 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.
Market
Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
·
By Application
·
By Deployment Model
·
By Vertical
• Regions covered-
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North America
·
Europe
·
Asia-Pacific
·
Rest of the World
•
Competitive Landscape: IBM Corp.,
SAP SE, and Oracle Corp., among others.
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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
Global
Complex Event Processing Market Report by Region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
·
Latin America
·
Middle East & Africa
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