Global Complex Event Processing (CEP) Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 15:37:03
The Global Complex Event Processing market is to grow at a CAGR of 26.51 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing need for fast access to data. The Global Complex Event Processing market has also been witnessing the emergence of SaaS-based CEP Software. However, the high cost of implementation could pose a challenge to the growth of this market.
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.
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