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Complex Event Processing (CEP) Transforming Real-Time Analytics
Complex event processing (CEP) market is widely adopted in capital market involved in hedge-fund trading and algorithmic trading for pattern recognition and real-time intelligence in the financial organizations. CEP market has been gradually gaining significance due to the exponential increase in structured and unstructured real time data. Moreover, there is a necessity of automated real time processing technology that can help in detection, analysis and prevention of future risks. It is observed that in industries such as healthcare, telecommunication, banking and capital market; exponential increase in real time customer data and transaction information demands for event monitoring and fast response system to maintain organizational processes. Traditional BI analytic tools require historical data to be in structured format and still take huge processing time by which the market opportunity could have already crossed. Further, organizations are required to follow government compliance standards such as BASEL III, FISMA, HIPPA, etc. and CEP middleware technology provides them integrated software platform which monitors these requirements on real time bases removing operational threats.
In 2013, North America is expected to be the largest market for Complex Event Processing (CEP) technology accounting for 35.09 percent of the global CEP market in terms of market size. While, market size of APAC region, in 2013, is expected to be 17.65 percent of the global community cloud market size. Altogether, CEP market is expected to increase at a steady pace in all geographic regions during the next five years. MarketsandMarkets expects Asia Pacific region to gain more attraction at a compounded annual growth rate (CAGR) of 45.2 percent, due to its high economic potential and untapped market space.
MarketsandMarkets provides exhaustive revenue forecast and basic information from its latest research report. The "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)" report is now available for purchase.
According to the report findings, “BFSI and government agencies are the major consumers of CEP technology. MarketsandMarkets expects high growth rate of CEP applications in energy and utilities, transportation and logistics, manufacturing and healthcare verticals. Moreover, to meet the industry expectation, tier one technology providers such as Tibco, IBM, Oracle, Software AG, SAP, SAS and many others are expected to form new partnerships and strategically acquire emerging entrants to ensure competitive products and services in CEP market. 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. As the community cloud model provides same cloud technologies at a lower cost than the private cloud. MarketsandMarkets expects global community cloud market to reach $3,222.0 million in 2018, at a Compounded Annual Growth Rate (CAGR) 34.2 percent.”
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)
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