Complex Event Processing Market is Projected to Grow at a Healthy CAGR By 2024

Complex event processing (CEP) technology is being increasingly adopted in various industry sectors driven by growing need for management and analytical capabilities for high amount of data emerging from operations. The traditional software for data analysis take significant processing time and their response to for possible business threat is high. This is driving the growth in demand for technologies such as CEP, which can provide rapid or real-time detection and response. Further, unprecedented market risks, security threats and need for simpler and consumer-oriented analytical software is expected to drive the growth of CEP market. The various types of CEP technologies include query-based, rule-based, and status-based CEP engines.

Request for Sample Copy of Report @ http://www.persistencemarketresearch.com/samples/10816

The applications sectors of CEP software include transportation and logistics (predictive scheduling, asset management and toll system management), healthcare (proactive monitoring and alerting, risk management and compliance), IT and telecommunication (revenue assurance, mobile billboards, infrastructure management and predictive call detail record (CDR) assessment). Other major applications include retail (inventory optimization, and real-time marketing and customer engagement), energy and utilities (oil and gas operation management and smart grid energy management), manufacturing (shop floor automation, operational failure detection, supply chain optimization), government (defense and aerospace, intelligence and security, emergency response services, geo-fencing and geospatial analysis), among others. A major challenge for this market exists in the form of existing old infrastructure for event handling. Cloud-based CEP solutions represent a significant growth opportunity in this market.

Request for Table of content @ http://www.persistencemarketresearch.com/toc/10816

North America was the leading market for CEP, followed by Europe. These regions have experienced high increase in data generated through business processes and this has created need for real time analysis. Asia Pacific and Latin America are also growing, driven by increased demand from BFSI (banking, financial services and insurance), and IT & telcom sector. The key players in this market include Cisco Systems, Inc., EMC Corp., ClearPriority SA, Fujitsu Ltd., Huawei Technologies Co. Ltd., IBM Corp., Microsoft Corp., Oracle Corp., Red Hat, Inc., among others.

About Us

Persistence Market Research (PMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each PMR Syndicated Research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

For information regarding permissions, contact:

Persistence Market Research
90 Sate Street, Suite 700 Albany, NY 12207
Tel: +1-518-618-1030
Email: sales@persistencemarketresearch.com

This release was published on openPR.