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Complex Event Processing Market by Application, Service , Deployment, Vertical, User type, Region - Global Forecast to 2020

LONDON, May 11, 2016 /PRNewswire/ -- The rising adoption of device-based computing is the driving force of Complex Event Processing (CEP) market.

The market is estimated to grow from USD 1.28 billion in 2015 to USD 4.95 billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 31.1%. Adoption of device-based computing, potential growth in demand for enterprise data, increase in requirement for compliance and verification, lesser data processing time by linking Service Oriented Architecture (SOA) and Event Driven Architecture (EDA) during deployment, personalization of technology, and increase in demand for client-oriented analytical tools are some of the prominent factors driving the adoption of CEP applications and services.

Asia-Pacific (APAC) is expected to grow at the highest CAGR for CEP applications.

Governance, risk, and compliance application is estimated to contribute the largest market share for the application market during the forecast period due to rising demand for enterprise systems. On-premise based
CEP is the largest contributor than the cloud-based CEP but the latter is expected to surpass the former due to the higher adoption rate of cloud technologies. Managed services segment in the services segment is expected to grow at a highest CAGR during the forecast period.

To determine the market size...