May 26, 2020 1:02 PM ET
iCrowd Newswire – May 26, 2020
The Global In-Memory Analytics Market is estimated to grow at a CAGR of 25.40% during the forecast period 2019-2026. As per the detailed market analysis, the global market was valued $1.956 billion in the year 2018 and is estimated to reach $11.858 billion by the end of the year 2026.
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In-memory analytics is a type of business intelligence (BI) tool which is used to handle time-sensitive and complex business problems; and it boost the speed of BI systems and offers more reliable and faster query processing system as compared to the traditional system. Also, in-memory analytics support organization to optimize their equipment maintenance cost, labor utilization, operational process cycle time and reduce defect rates. Hence, these benefits act as major factors to boost the adoption of in-memory analytics by various industry verticals.
The global in-memory analytics market is majorly driven by increasing volume of data globally, technological advancement in computing power and digital transformation using real-time analytics. However, lack of awareness related to application and benefits of in-memory analytics among various industry verticals is expected to hamper the market growth for the long-term.
Segmentation Overview of the Global In-Memory Analytics Market
The global in-memory analytics market is segmented on the basis of component, deployment mode, organization size, application and industry vertical
The Component Segment of the Global In-Memory Analytics Market is Sub-Segmented into:
The Deployment Mode Segment of the Global In-Memory Analytics Market is Sub-Segmented into:
The Organization Size Segment of the Global In-Memory Analytics Market is Sub-Segmented into:
- Large Enterprises
- Small and Medium Enterprises
The Terms of Application Segment of the Global In-Memory Analytics Market is Sub-Segmented into:
- Fraud & Security Management
- Sales & Marketing Management
- Predictive Asset Maintenance
- Risk & Compliance Management
- Supply Chain Management & Operations
The Industry Vertical Segment of the Global In-Memory Analytics Market is Sub-Segmented into:
- IT & Telecom
- Energy & Utilities
- Government & Defence
Geographical Overview of the Global In-Memory Analytics Market
The global in-memory analytics market is segmented on the basis of various geographical regions, such as:
- North America (Canada and U.S.)
- Europe (Germany, France, UK, Italy and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia and Rest of Asia Pacific)
- LAMEA (Latin America, Middle East and Africa)
As per the regional study, the North America in-memory analytics market dominated the global marketplace in the year 2018 and is estimated to maintain the regional dominance over the forecast period. The regional dominance is attributed to growth in demand for in-memory database system for fast transfer and quick storage of data, availability of technical expertise in the region and presence of major market players. However, the Asia Pacific in-memory analytics market is anticipated to witness highest growth rate throughout the forecast period, due to increase in adoption of in-memory analytics among small and medium sized businesses to manage data in efficient manner.
Market Competition Insights of the Global In-Memory Analytics Industry
Kognito Ltd., Qlik Technologies, MicroStrategy Incorporated, Software AG, Hitachi, Ltd., International Business Corporation, SAS Institute Inc., Oracle Corporation, SAP SE and Amazon Web Services, Inc. are some major market players included in the research study of the global in-memory analytics market. The market players have adopted various competitive strategies to support their market penetration and strengthen their industrial position. The chapters offering competitive insight of the global in-memory market include various sections such as company overview, SWOT analysis, PEST analysis, key strategic moves and developments and others.
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Keywords: In-Memory Analytics Market