Complex Event Processing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Complex Event Processing Market is segmented by Type (Services, Software), Type of User (Small and Medium Enterprise, Large Enterprise), End-user Vertical (BFSI, Retail, Government and Defense, Healthcare), and Geography.

Market Snapshot

complex event processing cep market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: North America
CAGR: 28.74 %

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Market Overview

The Complex Event Processing Market has registered a CAGR of 28.74% over the forecast period 2021 - 2026. With the growing use of sensors and connecting devices, the amount of data getting stored is increasing tremendously. In the traditional DBMS method, the problem of analyzing this data at a real-time basis is a challenge. In response, Complex Event Processing (CEP) addresses this problem, as it works on the stored query rather than stored data.

  • The advantages of CEP approach are distinct, given that CEP queries are applied on a potentially infinite stream of data. Moreover, inputs are processed immediately. Once the system processes all events for a matching sequence, results are shown directly. This aspect effectively leads to CEP’s real-time analytics capability.
  • With the revolution of the internet, the need for real-time data analytics growing rapidly from the past few years. Companies are making high investments for industrial automation, which is rising the developments in machine learning. Additionally, varied industries, along with Big Data, are making the web more complicated, which is ultimately driving the complex event processor market.
  • Along with the need for real-time data analytics, the amount of data getting stored is reaching high regularly. Hence, the demand for efficient CEP systems to effective real-time data processing is growing.

Scope of the Report

The increasing complexity of industrial automation software solutions and the need for real-time analytics are demanding CEP solutions across the industries. The scope of the study for complex event processing market has considered both services and software solutions for different types of enterprises across the end-user verticles, globally.

By Type
Software
Services
By Enterprise Type
Small and Medium Enterprise
Large Enterprise
By End-user Vertical
BFSI
Managed Mobility
Government and Defense
Retail
Healthcare
Telecom and IT Industry
Media and Entertainment
Manufacturing
Other End-user Verticals
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

BFSI End-user Segment to Grow Significantly

  • With globally increasing IT spending toward enterprise software and communication services, which is estimated to be close to 50% of the global IT spending in 2018, CEP solutions gained a lot of attention, especially from BFSI sector for real-time analysis and gathering business intelligence for better decision making.
  • Credit card companies use CEP with Big Data analytics to manage fraud better. When a pattern of fraud incidence emerges, the company can block the credit card quickly before the company can experience significant losses, as it deals with the moving flow of data. The underlying system is expected to correlate the incoming transactions, track the stream of event data, and trigger a process.
  • Banks and trading companies are highly investing in blockchain technology, which is giving rise to the use of CEP systems. CEP systems help in integrating the lifecycle of digital transactions among various business entities, customers, systems, and technologies. With CEP, event handlers need to be configured to listen for changes in the blockchain or the connected endpoints and then correlate and invoke appropriate CEP rules to either derive an action or alert.
  • BFSI sector contributes 40% of the TCS revenue, the rising adoption of technologies like blockchain and Big Data analytics in the sector is giving rise to the application of CEP systems to formulate decision making at a real-time basis.
complex event processing cep market

Asia-Pacific to Witness Significant Growth

  • Asia-Pacific is one of the fastest developing regions in blockchain technology, contributed to over 40% development in the world. The digitalization initiatives by the developing countries, like India, are driving the digital payments and banks are deploying the blockchain technology. Hence, fuels the demand for CEP solution for its efficient integration.
  • Growth in the Asia-Pacific is mainly driven by government initiatives and large multi-million dollar technology deals in the banking vertical. Some of the others factors, such as increasing demand for data storage in small to medium enterprises (SMEs) and increasing proliferation of smartphones, laptops, and tablets in the Asia-Pacific region have augmented the demand of machine learning applications in the region.
  • Retail and consumer goods companies in the region see the applicability of machine learning (ML) to drive improvements in customer service and operational efficiency. For instance, the Azure cloud is helping retail and consumer brands to improve the shopping experience by ensuring that shelves are stocked and the products are always available when, where, and how the consumer wants to shop.
complex event processing cep market

Competitive Landscape

The market is consolidated as a significant share of the market lies, with the major market players. Innovation in the market requires the developers to have a better understanding of the industrial process to deliver a suitable solution. Innovation also drives close collaboration among the stakeholders during development and customization to suit the end users' need.

  • February 2019 - Google announced its intention to acquire Alooma, which allows enterprises to combine all of their data sources into services, like Google’s BigQuery, Amazon’s Redshift, Snowflake, and Azure. The company has promised that with Alooma it will handle the data pipelines and manage them for its users.
  • January 2019 - IBM is in the process of acquiring the mainframe solution provider T-Systems. This acquisition is expected to help the company in gaining a stronger hold in mainframe offerings.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Technology Snapshot

    3. 4.3 Market Drivers

      1. 4.3.1 Development in the Field of Machine Learning and Data Analytics

    4. 4.4 Market Restraints

      1. 4.4.1 Lack of Consistency in Results

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Software

      2. 5.1.2 Services

    2. 5.2 By Enterprise Type

      1. 5.2.1 Small and Medium Enterprise

      2. 5.2.2 Large Enterprise

    3. 5.3 By End-user Vertical

      1. 5.3.1 BFSI

      2. 5.3.2 Managed Mobility

      3. 5.3.3 Government and Defense

      4. 5.3.4 Retail

      5. 5.3.5 Healthcare

      6. 5.3.6 Telecom and IT Industry

      7. 5.3.7 Media and Entertainment

      8. 5.3.8 Manufacturing

      9. 5.3.9 Other End-user Verticals

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Latin America

      5. 5.4.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 IBM Corporation

      2. 6.1.2 SAP SE

      3. 6.1.3 Oracle Corporation

      4. 6.1.4 Tibco Software Inc.

      5. 6.1.5 SAS Institute Inc.

      6. 6.1.6 Informatica Corporation

      7. 6.1.7 Nastel Technologies Inc.

      8. 6.1.8 Software AG

      9. 6.1.9 Espertech Inc.

      10. 6.1.10 Cisco Systems Inc.

      11. 6.1.11 Red Lambda Inc.

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Complex Event Processing Market market is studied from 2018 - 2026.

The Complex Event Processing Market is growing at a CAGR of 28.74% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

IBM Corporation, SAP SE, Oracle Corporation, Tibco Software Inc., SAS Institute Inc. are the major companies operating in Complex Event Processing Market.

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