Global In-Memory Database Market
Posted by ashwini ramkrishna ahirrao on February 25th, 2020
Global In-Memory Database Market is expected to reach US$ XX Bn by 2026 at a CAGR of XX % during the forecast period.
In-memory databases are primarily used in big data management and business analytics where there is a need for storage and fast data access. In-memory databases are faster as compare to traditional databases. An in-memory database is a part of the computer main memory and needs just fewer instructions to access the data for writing and reading. Another advantage of an in-memory database system is its application in real-time embedded systems which are highly resource-constrained which have low processor computational capabilities and require small memory. Furthermore, A massive amount of data being generated from various industries, falling RAM prices, faster data processing are some of the major driving factors expected to propel the in-memory database market around the world.
However, Lack of standards and memory space constraints are some of the restraining factors that may hinder the growth of the in-memory database market. The data security concerns and volatile nature of memory are some of the stumbling blocks in the adoption of in-memory database solutions.
In applications, the transaction segment is expected to hold the larger market size during the forecast period, due to the rising e-commerce industry uses non-cash payments mode across the world increasing the transaction application, in the market.
By the processing type segment is divided into Online Analytical Processing (OLAP), Online Transaction Processing (OLTP). Among these, OLAP systems are expected to grow at the highest CAGR during the forecast period. OLAP systems are typically deployed for reporting and Business Intelligence (BI), sales management, forecasting, and business process management. In-memory OLAP solutions help to address big data challenges for organizations.
In terms of the deployment model, the On-premises deployment model is expected to hold a larger market share during the forecast period. The on-premises deployment model provides privacy parameters and confidentiality to the organizational data; hence, most of the organizations are adopting the on-premises deployment model. The on-demand deployment model is expected to grow at the highest CAGR during the forecast period, because of agility, cost-effectiveness, and affordability it offers to the end customer.
According to the vertical segment, the BFSI segment is expected to have a large market size during the forecast period in the vertical segment. However, the retail and consumer goods industry is likely to grow at the highest CAGR during the forecast period, as on account of the rising need for the rapid data processing which is the need of the day for the retail stores to stay competitive.
Region-wise, the market in North America is expected to hold the largest in-memory database market share during the forecast period, as North America is the most advanced region in terms of technology adoption and infrastructure. North America is responsible for the presence of technical experts, and growing demands for in-memory database market solutions in this region. The Asia Pacific regions expected to reach at the highest CAGR of XX% during the forecast period.
The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global In-Memory Database Market dynamics, structure by analyzing the market segments and project the Global In-Memory Database Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global In-Memory Database Market make the report investor’s guide.
Global In-Memory database market, by Application:
• Online Analytical Processing (OLAP)
• Large Enterprises
• North America
Key Players of the In-Memory Database Market:
• IBM Corporation
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About the Authorashwini ramkrishna ahirrao
Joined: January 23rd, 2020
Articles Posted: 15
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