In-Memory Database Market Overview
The global
in-memory database market is growing continually, witnessing the rising
adoption of IMDB systems. In-memory database solutions have transformed
business operations with fast, integrated intelligence. Unlike traditional
row-oriented storage, columnar storage that IMBD systems offer helps optimizing
analytics with great compression advantages, storing much more data in much
less memory.
Resultantly, IMDBs
has proven to be a practical solution for low response time in sectors, such as
mobile advertising networks and telecommunications network equipment. Market
Research Future (MRFR) expects In-Memory
Database Market 2020 to achieve an approximate growth rate of 19% between
2017 and 2023, which is the review period.
The market is
undergoing a significant change as enterprises go through digital
transformation, including embracing and leveraging various new data types and
forms. With its proven efficacies, IMDB systems are adopted in various
verticals such as aerospace & defense, BFSI, manufacturing, media &
entertainment, healthcare, government, retail, and IT & telecommunication.
Get Free Sample
Copy at: https://www.marketresearchfuture.com/sample_request/4882
Additionally, the
augmented adoption of cloud computing across small, medium, and large
organizations escalates market growth. On the other hand, the prerequisite of
IMDBs that all data must fit in memory are major factors forecasted to impede
the market growth, prompting the need to increase the adequate memory or limit
the size of the database. Nevertheless, increasing application areas and wide
uptake of cloud computing would support the market growth throughout the
assessment period.
Global In-Memory
Database Market - Segments
The report is
segmented into five dynamics;
By Data Type :
Comprises NoSQL, NewSQL, and Relational.
By Processing Type:
OLAP (Online Analytical Processing), OLTP (Online Transaction Processing), and
others.
By Deployment Mode:
On-demand, On-Premise, and On-Cloud.
By Organization
Sizes: Small-to-Medium (SMEs) and Large Enterprises.
By Vertical : BFSI, Aerospace & Defence,
Manufacturing, Healthcare, Media & Entertainment, Government, Retail, IT
& Telecommunication, and others.
In-Memory Database (IMDB) Market -
Geographical Analysis
North America
dominates the global in-memory database market. The largest market share
attributes to the growing demand for advanced IMDB systems and technical
expertise rendered by existing market players in the region. Besides, the
convenience of faster transfer of files & the large storage capacity that
IMDB systems offer drives the growth of the regional market.
The growing IT
industry and high deployment of cloud computing by the middle and large
enterprises support the regional market growth. Moreover, rising contributions
from growing markets in the US & Canada lead the regional market demand. The North American IMDB market is projected
to retain its dominance throughout the estimated period.
Europe stands
second in the global in-memory database market. The market growth is driven by
the high growth of banking & financial and healthcare sectors in the
region. Additionally, the increasing adoption of on-premises and on cloud
database infrastructure across the SMEs and larger enterprises boost the growth
of the in-memory database industry in the region.
The Asia Pacific
in-memory database market is growing rapidly. Factors such as the growing
manufacturing and BFSI sectors in the region influence the growth of the IMDB
market. Growing investments in the development of efficient IMDB systems foster
the growth of the regional market. Furthermore, initiatives taken towards
promoting digitalization and emerging technologies, such as mobility, IoT,
Business Intelligence (BI), cloud, and analytics, propel the regional market
growth.
Also, the presence
of prominent market players with the ability to provide outsourcing service in
real-time intelligence and advanced predictive analytics on different
applications influence the regional market growth.
Global IMDB
Market - Competitive Landscape
Highly competitive,
the global in-memory database market appears to be fragmented due to the
presence of several well-established market players. To gain a larger
competitive share, industry players incorporate strategic initiatives such as
mergers & acquisitions, collaborations, expansions, and product/technology
launch.
Major Players:
Players leading the
global IMDB market include IBM Corporation (US), Oracle Corporation (US),
Microsoft Corporation (US), SAP SE (Germany), Teradata Corporation (US),
Tableau Software (US), Amazon Web Services (US), Kognitio Ltd. (UK), Datastax
(US), VoltDB (US), ENEA (Sweden), Altibase Corporation (US), and McObject LLC
(US), among others.
Industry/
Innovation/ Related News:
July 22, 2020 ----
GridGain Systems (the US), a leading provider of enterprise-grade in-memory
computing solutions, announced a strategic partnership with Tech Mahindra
(India), a leading provider of digital transformation consulting and business
reengineering services & solutions.
The integration of
GridGain’s technologies into Tech Mahindra’s solutions would help customers
manage surging application loads caused by increasing customer traffic, the
launch of new services, and seasonal traffic spikes. GridGain solutions would
also power the digital integration hub (DIH) architectures serving as a
high-performance data access layer that integrates multiple applications and
databases.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/in-memory-database-market-4882
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment