The in-memory analytics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
In Memory Analytics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The in-memory analytics market size has grown exponentially in recent years. It will grow from $4.52 billion in 2023 to $5.66 billion in 2024 at a compound annual growth rate (CAGR) of 25.1%. The growth in the historic period can be attributed to complex data structures, enterprise focus on performance, need for real-time insights, demand for interactive data exploration, rise of advanced analytics.
The in-memory analytics market size is expected to see exponential growth in the next few years. It will grow to $14.43 billion in 2028 at a compound annual growth rate (CAGR) of 26.4%. The growth in the forecast period can be attributed to increasing growth in real-time analytics applications, in-memory analytics for data lakes, enhanced security and data protection, cross-platform compatibility, edge computing and decentralized analytics.. Major trends in the forecast period include integration with cloud services, integration with iot analytics, automated analytics and machine learning, continuous innovation in data storage and processing, real-time data processing.
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Scope Of In Memory Analytics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The growing volume of data is expected to drive the growth of the in-memory analytics market. Growing data volume is increasing demand for large space in the system’s memory which leads to obstruction and delay in the business process. In-memory analytics is used to minimise the data into samples or reduce the data to a small volume by not changing the actual meaning and increasing the query response time. For instance, the International Data Corporation (IDC), a US-based examiner of the consumer market, estimated that 64.2ZB of data was created or copied in 2020. The amount of data created throughout the next five years will be larger than twice the volume of data created since the advent of digital storage. This is likely to drive the in-memory analytics market growth during the forecast period.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The in-memory analytics market covered in this report is segmented –
1) By Component: Solution, Service
2) By Organization Size: Large Enterprises, Small and medium Enterprises (SME’s)
3) By Deployment Mode: On-premise, Cloud-Based
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Regional Insights –
North America was the largest region in the in-memory analytics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-memory analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the in-memory analytics market report are Amazon Web Services Inc., Oracle Corporation, Qlik Technologies Inc., SAP SE, SAS Institute Inc., Software AG, International Business Machines Corporation, ActiveViam Ltd., Kognitio Holdings Ltd., MicroStrategy Incorporated, ADVIZOR Solutions Inc., EXASOL AG, SnappyData Inc., Teradata Corporation, GigaSpaces Technologies Inc., Information Builders Inc., Hitachi Ltd., Altibase Corp., GridGain Systems Inc., Pivotal Software Inc., TIBCO Software Inc., Altair Engineering Inc., Hazelcast Inc., MemSQL Inc., ScaleOut Software Inc., Aerospike Inc., Couchbase Inc., Redis Labs Inc., VoltDB Inc., Grid Dynamics International Inc.
Table of Contents
1. Executive Summary
2. In Memory Analytics Market characterstics
3. In Memory Analytics Market Trends And Strategies
4. In Memory Analytics Market – Macro Economic Scenario
5. Global In Memory Analytics Market Size And Growth
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31. Global In-Memory Analytics Market Competitive Benchmarking
32. Global In-Memory Analytics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The In-Memory Analytics Market
34. In-Memory Analytics Market Future Outlook and Potential Analysis
35. Appendix
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