TechNavio recognizes the following companies as the key players in the Global Complex Event Processing (CEP) Market: IBM Corp., SAP AG, Software AG, and TIBCO Software Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The emergence of SaaS-based CEP software solutions has enabled organizations to increase their efficiency and reduce the cost of deploying valuable IT infrastructure. However, many organizations are still analyzing the feasibility and relevance of such cloud computing solutions in their IT operations. The SaaS-based model for CEP offers a pay-per-use model, along with a one-time set-up fee for the software, maintenance, upgrading, and lifetime support. Hence, the Global CEP market is witnessing a trend where many vendors in the market have begun to offer their solutions through the SaaS-based model to expand their services and enter new markets. In addition, CEP software solutions are becoming increasingly popular, as they enable organizations to track, analyze, and process business data as events happen in order to make decisions on all the events in microseconds. This is leading to increased adoption of SaaS-based CEP software.”
According to the report, one of the major drivers in the market is the need for fast access to data. Since the financial downturn in 2009, the importance of risk management to traders and investors has increased. Therefore, investors and traders are increasingly demanding fast access to trading market data. This is in order to minimize risk and survive in a rapidly changing market environment, and to make ‘on-the-spot’ decisions about buying or selling the financial instruments.
Further, the report states that one such challenge is the high cost of implementation. As deployment of CEP software is an expensive process, its applications need a detailed and usually expensive process of defining requirements. Hence, implementing a complete traditional CEP solution is a time-consuming process. This increases the criticality of the process as it becomes very costly to make any changes once the deployment has started.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-complex-event-processing-cep-mark…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Complex Event Processing (CEP) Market 2014-2018
