DALLAS, TEXAS--(Marketwired - Dec. 24, 2013) - The report "Complex Event Processing (CEP) Market [Algorithmic Trading, Fraud Detection, Sentiment Analysis, Supply Chain Optimization, Transportation and Logistics, Revenue Assurance, Emergency Response Services] Worldwide Market Forecast & Analysis (2013 - 2018)" by MarketsandMarkets, defines and segments the global Complex Event Processing (CEP) market into various sub-segments with analysis and forecast of revenues.
Browse 114 market data tables and 39 figures spread through 218 pages and in-depth TOC on "Complex Event Processing (CEP) Market".
MarketsandMarkets has segmented the CEP market by type, by type of services, by applications and by regions.
The major forces driving this market are the unprecedented market risks, easy to deploy, need for customer oriented analytical tools and Big Data trends. Further, organizations in industries such as healthcare, telecommunication, banking and capital market; are mandate to follow compliance standards such as FISMA, BASEL III, HIPPA, etc. Thus, by using CEP technology, organization can monitor and predict compliance risks in advance which ensure smoothness of business processes and removes inconsistency.
MarketsandMarkets observes that there is an increasing demand of CEP technology in government, defense and aerospace agencies due to the cost effectiveness and responsive operational technology which can be integrated without disrupting traditional legacy system. Hence, even though the adoption of the CEP technology and is majorly seen in BFSI vertical, we expect that these solutions will continue to show steady growth in other verticals as well.
The Complex Event Processing (CEP) Market is estimated to grow from $ 764.5 million in 2013 to $3,322.0 million in 2018. This represents a Compounded Annual Growth Rate (CAGR) of 34.2% from 2013 to 2018. In the current scenario, government and BFSI vertical continues to grow and are the largest contributor for Complex Event Processing (CEP) software solutions. In terms of regional growth, North America is expected to be the biggest market in terms of revenue contribution. European and APAC region is expected to experience increased market traction, due to increasing adoption across various verticals and investment support in research projects from the regional government.
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