The global in-memory analytics market exhibited strong growth during 2015-2020.
Looking forward, the analyst expects the market to grow at a CAGR of 23% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
In-memory analytics query data in random access memory (RAM) can be used by multiple users across different applications rapidly, securely, and concurrently. It provides deep insights with speed and precision, resulting in informed and proactive decisions. It also increases revenue, manages risks, and assists in new product or service innovation. Consequently, organizations worldwide are adopting in-memory analytics as it helps them minimize the time spent on query analysis, cube building, aggregate table designing, and other time-consuming tasks. It further enables them to simplify access to data sources, deliver immediate actions and responses, and meet evolving consumer demands.
In-Memory Analytics Market Trends: A considerable rise in the adoption of digital technology to transform services or businesses is resulting in a massive proliferation of data in databases. This acts as a primary factor promoting the need for in-memory analytics for fast access to information and easy analysis. Moreover, it is a cost-effective alternative to data warehouses for small and medium-sized enterprises (SMEs) that lack the expertise and resources to construct a data warehouse. In-memory analytics provides the ability to analyze data of varied sizes and complexities with unprecedented speed at an affordable cost. Apart from this, the growing utilization of online banking services is positively influencing the application of in-memory analytics in the banking, financial services, and insurance (BFSI) sector worldwide for risk and transaction management and detection of fraud payments. Furthermore, it is utilized in applications involving geographic information system (GIS) processing. The widespread use of GIS processing for real-time directions on traffic congestion, recommended routes, and traffic hazards in the logistics and transportation industry is anticipated to drive the market.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global in-memory analytics market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, application, organization size and vertical.
Breakup by Application: Customer Experience Management Design and Innovation Operation Optimization Marketing Management Real-Time Analysis and Decision-making Others
Breakup by Organization Size: Small and Medium Enterprises Large Enterprises
Breakup by Vertical: BFSI Retail and E-commerce Government and Defense Healthcare Manufacturing IT and Telecommunication Others
Breakup by Region: North America United States Canada Asia-Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players being ActiveViam, Amazon Web Services Inc., Hitachi Ltd., Information Builders Inc. (Tibco Software Inc.), International Business Machines Corporation, Kognitio Ltd, Microstrategy Incorporated, Oracle Corporation, Qlik Technologies, SAP SE, SAS Institute Inc. and Software AG. Key Questions Answered in This Report: How has the global in-memory analytics market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global in-memory analytics market? What are the key regional markets? What is the breakup of the market based on the application? What is the breakup of the market based on the organization size? What is the breakup of the market based on the vertical? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global in-memory analytics market and who are the key players? What is the degree of competition in the industry?
Our reports have been used by over 10K customers, including:
The global performance analytics market exhibited strong growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of around 20% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of...
The global hyper-converged infrastructure market exhibited strong growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of around 16% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence...
This IDC study looks at how much technology budgets are driving spend across various line-of-business (LOB) departments as well as IT. The document analyzes which specific functional areas have been allocated these budgets and examines regional comparisons to better understand priorities of investment in the Americas, APJ, and EMEA regions."The...
In 1921, geophysical acquisition technology which involves the generation and acquisition of seismic data to image sub-surface geology revolutionized earth science and resource exploration.Seismic technologies have come a long way since then; they now have the ability to illuminate and image complex subsurface targets at lower acquisition...
The global COVID-19 pandemic has accelerated decades-long trends including the move to remote and hybrid work, the rise of virtual organizations and the adoption of digital business models whereby all or most customer interactions take place over digital channels. The recent crisis has also elevated businesses’ awareness of the need for more...
120 pages •
By Infiniti Research Limited
• Dec 2021
Global Augmented Intelligence Market 2022-2026 The analyst has been monitoring the augmented intelligence market and it is poised to grow by $ 45.65 bn during 2022-2026, decelerating at a CAGR of 27.49% during the forecast period. Our report on the augmented intelligence market provides a holistic analysis, market size...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Fax Services Market Report The fax services market by revenue is expected to grow at a CAGR of 11.03% during the period 2022–2027. Fax services have evolved significantly over the past two decades, and organizations are still using around...
This IDC Perspective describes the "outcomes as a service" model as well as related trends supported by data collected as part of IDC's October 2021 Future of Digital Innovation survey. "IDC survey research indicates that digital-native organizations are interested in new business models built around delivering an outcome as a service," said...
The global encryption software market exhibited strong growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of around 15% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of...
Internet Of Things
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.