Technologies are increasingly efficient to address the needs and the challenges of the data-driven industry. In the Complex Event Processing (CEP) segment, one can observe that, technology leaders including IBM, Mapr, Oracle, Microsoft, Redhat, Cloudera Hortonworks and more are charting their way with improved solutions.
For those who are unfamiliar,
Complex Event Processing (CEP) is a method of processing data combined from
multiple sources to extract actionable and meaningful patterns or trends from
them.
According to Research and Markets, the CEP market
is expected to grow from $1.41 Billion in 2015 to $5.12 Billion in 2020, at a
CAGR of 29.41% during the period 2015 to 2020.
The technology is gaining
prominence with great impact on frauds in online transactions, the complexity
of online transactions and activities, automation of business process,
integration with business program management, and more.
Research
and Markets indicates that, the internet Revolution, developments in the field of machine
Learning and data Analytics and a rise in the risk and complexity of the web
are the factors which will drive the CEP market to grow profitably in the
coming future.
Lack of consistency in
results, the difficulty in generating a fool-proof system and event data
management are the factors hindering the growth of CEP market.