In-Memory Database Market report presents in-depth analysis of In-Memory Database which includes market size, share, growth and demand forecast until 2023 (in USD billion). In-Memory Database market report includes research methodology, value chain analysis, industry analysis by power of suppliers and consumers. In-Memory Database market report also includes new upcoming technology of In-Memory Database Industry that will helps to our clients.
Industry experts project In-Memory Database market to grow at a CAGR of 19% during the period 2018-2023.
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The In-Memory Database Market is expected to witness a CAGR of 19%, over the forecast period (2018-2023).
The In-Memory Database Market is considered as the next step after traditional databases. Although the technology has its own drawbacks but it is believed by many that the cons of the technology will soon be outnumbered. Indications of its expansion can be witnessed by increasing adoption of it across various industry verticals. Not only IT and Telecommunication are making use of the technology, but also the industries like BFSI and retail are integrating this into their operations as can be seen via different use cases. All of this has been the consequence of increased adoption of technology which is eventually driven by innovation.
Integration of technology within operations promoting In-memory databases
Technological innovations have been at the helm of many industrial transformations in the recent past. Implementation of these technologies in the most traditional businesses has been intensifying the competition for a while now. At first, it was data analytics which brought disruption and now it is the real time data analytics which is redefining operations of various enterprises. The reason for the enhanced competition is not just the existence of technology, but its access to every player. In-memory computing (IMC) has an important role in accelerating the real time analytics adoption. The adoption of IMC was 35% in 2015 which was increased from 10% in 2012. In-memory databases are an essential part of the IMC. This increased adoption of IMC and hence of In-memory databases has been driven by SME’s gaining access to these technologies and consequently making their operations efficient enough so that they are well equipped to compete with the leaders in the market on a level playing field which in turn is intensifying competition.
In-Memory Database Market Regional Analysis
The North American market is the largest market but the focus is shifting towards the fastest growing region, which in this market is the Asia-Pacific region. Economies like India and China are adopting the technology for more efficient operations. Industries like retail are being driven by e-commerce into adapting technology for their operations and this has attracted the respective market leaders in the country. Recently Walmart Inc., which is a major retail player acquired the Indian e-commerce leader Flipkart, which will eventually bring a lot investment in the market. All of this is set to increase the data production in operations which will consequently fuel the demand for in-memory databases as they enhance the agility of operations by faster data extraction and that too in real time. One of the major reasons is that the North American region is almost saturated and to counter the competition, the players are looking upcoming regions to diversify.
Major Players: IBM CORPORATION, MICROSOFT CORPORATION, ORACLE CORPORATION, SAP SE, FACEBOOK, TELEFONAKTIEBOLAGET LM ERICSSON, BELL LABS (ALCATEL LUCENT), TIBCO SOFTWARE INC., AEROSPIKE COMPANY, GRIDGAIN SYSTEMS, INC., TERACOTTA INC. (SOFTWARE AG), PIVOTAL SOFTWARE, INC., EXASOL, REDIS LABS, ALTIBASE CORP., (CWI) CENTRUM WISKUNDE & INFORMATICA, HASSO-PLATTNER-INSTITUT, RAIMA, INC., VOLTDB, INC., COUCHBASE, DATASTAX, INC., MCOBJECT LLC, and MEMSQL INC., amongst others.
Key Developments in In-Memory Database Market
• May 2018: New Relic, Inc. and AppDynamics have upgraded their APM tools with display kubernetes time series data, and monitoring alerts that synchronized with IT automation tools.
• November 2017: Dynatrace LLC acquired Qumram, which offered advanced session replay technology for mobile and web applications for undisclosed accounts
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Global In-Memory Database Market Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2013-2023):
- North America: United States, Canada and Mexico
- Europe: Germany, UK, France, Italy, Russia, Spain and Benelux
- Asia Pacific: China, Japan, India, Southeast Asia and Australia
- Latin America: Brazil, Argentina and Colombia
- Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Global In-Memory Database Market Segmentation:
- Type 1
- Type 2
- Application 1
- Application 2
The In-Memory Database Market report also answers the key questions of the clients; these are:
- How big is the market opportunity?
- What are the forces influencing the market growth?
- What will be the market size at the end of the forecast?
- Which regions and sub-segments will grow at the highest rate?
- How will the regulatory scenario impact the Biosolids market?
- What are the top strategies that the companies in the market are adopting?
- How will the patent expires shape the market dynamics?
- How will the market dynamics be shaped by the end of the forecasting horizon?
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