Jan 25, 2021 (The Expresswire) -- Global Complex Event Processing Market research report provides a Point-by-Point In-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
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Complex Event Processing Market competition is assessed by top manufacturers, with production, price, revenue (value), and market share for each manufacturer. It offers a complete evaluation of every area including the volume of the global Complex Event Processing market in that area in the estimated duration. This well-drafted report entails the existing market status, historical data, and projection outlook. A detailed segmentation analysis of the market is done on regions, types, and applications in the report. The report tracks primary trends that decide future growth prospects in the global market.
Complex Event Processing Market Report Overview includes major players of the global Complex Event Processing Market covered in the research study, research scope, Market segments by type, Market segments by application, years considered for the research study, and objectives of the report.The research report explores the Complex Event Processing market across the globe shows industry summary, definition, and scope along with major regions and countries. The research report provides a detailed study on each and every aspect of Complex Event Processing Market. Furthermore, the research study classifies the market based on product types, application and end user industries of Complex Event Processing.
The global complex event processing market was valued at USD 2.37 billion in 2017, and is expected to reach USD 10.79 billion by 2023 at a CAGR of 28.74%, over the forecast period (2018 - 2023). Complex Event Processing (CEP) is becoming increasingly important in business decision-making. CEP is a basic component of a type of real-time business analytics used in continuous intelligence. Information contained in business events is extracted and analyzed to provide insight into the changing conditions in a company and its environment. The revolution in internet, data analytics, developments in machine learning, along with huge investments and complexity of web drive the complex event processor market.
Development in the Fields of Machine Learning and Data Analytics is Augmenting Market Growth
Complex event processors represent one of the biggest competitive advantages. They are moving from being a competitive differentiator to being a competitive requirement for many companies, particularly financial services firms. The use of this technology is to turn businesses into a proactive, predictive enterprise with the ability to detect patterns of opportunity or patterns of threat. Enterprise data is expected to grow massively in the upcoming years, increasing the demand for fast complex event processing tools. Moreover, Internet-of-Things-based solutions, where a high volume of data gets generated every second, drive the market and will foster the adoption rate of complex event processing software in the coming years.
Retail is the Fastest Growing Vertical
In retail business, there is a high probability of dealing with a huge number of customers with a significant number of interactions. Complex event processing streams the data and analyses it for better results. To achieve business goals, the retailer not only wants data analysis but also the process to respond to the results of the analysis. This is where CEP comes into the picture. The usage of complex event processing platform in the retail sector is based on innovations to increase sales. Companies are creating platforms that help in ensuring that customers come back. For instance, CEP platform can be used in such a way that as soon as a high-valued customer uses the program, the system triggers a process that offers the customer an extra discount.
North America holds the Largest Market Share
Being the biggest economy of the world and home to some of the biggest enterprises, North America is the major market for complex event processors and generates the highest revenue. The United States is one of the major markets for CEP services in the region, followed by Canada and other countries. North America is expected to have the largest market share and would dominate the complex event processing market. Moreover, in North America, there is huge return on investment in the complex event processing market as opportunities for augmented performance are always increasing, hence CEP application vendors continue to capitalize more effectively on the need for applications and services.
Key Developments in the Market
November 2017 - IBM announced the successful testing of a fully-integrated Wavelength Division Multiplexing (WDM) Si photonics chip for Big Data and cloud services, enabling the download of an entire HD digital movie in two seconds.
November 2017 - Microsoft and SAP collaborated to give customers a trusted path to digital transformation in the cloud.
The major players include - INTERNATIONAL BUSINESS MACHINES CORPORATION, SAP SE, ORACLE CORPORATION, TIBCO SOFTWARE INC., SAS INSTITUTE, INC., INFORMATICA CORPORATION, NASTEL TECHNOLOGIES, INC., RED HAT, INC., SOFTWARE AG, and ESPERTECH, INC., amongst others
Reasons to Purchase the Report
Current and future complex event processing market analysis in the developed and emerging markets
Analyzing various perspectives of the market with the help of PorterÃ¢â¬â¢s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in Excel)
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Complex Event Processing Market for 2021-2024. To calculate the market size, the report considers new installations or sales and subscription payments of Complex Event Processing.
The market is divided into the following segments based on geography:
Global Complex Event Processing Market 2021-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key questions answered in this report
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