Boston, November 16, 2011 – A new report from Aite Group provides a market snapshot of the state of complex event processing (CEP), including its adoption outside the capital markets, its growth within institutions that have moved beyond early stages of use, its expansion outside of North America, and its adoption by commercial-technology providers. The report, which is based on a September and October 2011 Aite Group survey of six leading CEP vendors and more than 20 users of commercial CEP solutions, also examines changes that have occurred within the CEP vendor landscape over the past two years.
Over the past five years, CEP has transformed from an emerging technology to an indispensable platform in place within many capital markets core infrastructures. CEP’s most consistent growth has occurred in banking, where fraud detection, online banking, and multichannel-marketing use cases reign supreme. It has also grown globally and into industries beyond capital markets. Aite Group expects to see CEP grow more than 15% annually over the next two years—nearly three times the rate of the average financial services technology budget. The growth of CEP has also spurred evolution in the vendor landscape. Many of the leading vendors from five years ago have disappeared or been acquired. New players and survivors have matured with the platform and branched out to provide unique capabilities.
“Due in large part to changes in the vendor landscape, there’s a definite lack of awareness regarding today’s CEP providers and their associated capabilities,” says Adam Honoré, research director with Aite Group and author of this report. “Vendors should be more aggressive with their marketing strategies, and present things like workflow capabilities, data management, and integration experience. On the flip side, potential customers need to ask more questions of vendors in order to educate themselves about the full scope of vendor applications.”
The report assesses six leading CEP vendors that participated in Aite Group’s survey: Informatica, OneMarketData, Progress Software, Streambase, Sybase, and TIBCO.
This 32-page Impact Report contains 12 figures and six tables. Clients of Aite Group’s Institutional Securities & Investments, Retail Banking, or Wholesale Banking services can download the report by clicking on the icon to the right.