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Complex Event Processing (CEP) Market (Technologies, Applications, Regions and Verticals) Worth $3,322 Million by 2018 - New Report by MarketsandMarkets
Date:9/3/2013

gement and nuclear crisis and smart grid energy management; manufacturing: shop floor automation and operational failure detection, infrastructure management and supply chain optimization; government, defense and aerospace: intelligence and security, emergency response services and geo-fencing and geospatial analysis; Others: includes airport and railroad; by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East Africa (MEA) and Latin America (LA).

The major forces driving this market are the unprecedented market risks, easy to deploy, need for customer oriented analytical tools and Big Data trends. Furthermore, in verticals such as healthcare, banking and finance exponential raise in real time customer data and transaction information demands for event monitoring and fast response system to maintain organizational processes. 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.

While the CEP market is expected to rise at a steady pace across various verticals, some of the organizations such as TIBCO, Oracle, IBM and many other companies are already providing CEP technology in their current integrated middleware software product portfolio. Further, MarketsandMarkets expects that CEP technology will be integrated into cloud services in the long term, thereby creating customizable stack services and applications that facilitate quicker customer adoption of the same.

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. Henc
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