In-Memory Database Market Revenue to Expand at a CAGR of 19.3% by 2021
The report "In-Memory
Database Market by Application (Transaction, Reporting, Analytics),
Data Type (Relational, SQL, and NEWSQL), Processing Type (OLAP and OLTP),
Deployment Model, Organization Size, Vertical, and Region - Global Forecast to
2021", The in-memory database market is estimated to
grow from USD 2.72 Billion in 2016 to USD 6.58 Billion by 2021, at a Compound
Annual Growth Rate (CAGR) of 19.3%.
Faster data
processing, falling RAM prices, and massive amount of data being generated from
various industries are the key driving forces of in-memory database market.
Key In-Memory Database Market Player
The report also encompasses different strategies, such as mergers &
acquisitions, partnerships & collaborations, and product developments,
adopted by major players to increase their share in the market. Some of the
major technology vendors include Microsoft Corporation (U.S.), IBM Corporation
(U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Teradata Corporation
(U.S), Amazon Web Services (U.S.), Tableau software (U.S.), Kognitio Ltd.
(U.K.), Volt DB (U.S.), DataStax (U.S.), ENEA (Sweden), McObject LLC (U.S.),
and Altibase Corporation (U.S.)
Browse 69 market data tables and 55
figures spread through 160 pages and in-depth TOC on “In-Memory
Database Market - Global Forecast to 2021"
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Analytical Processing (OLAP) processing type to grow at the highest CAGR during
the forecast period
OLAP is a database technology that has been optimized for querying and
reporting, instead of processing transactions. OLAP systems are typically
deployed for Business Intelligence (BI) and reporting, business process
management, sales management, and forecasting. In-memory OLAP solutions can
easily address big data challenges for organizations requiring real-time
insights by helping them to dive and explore entire data at once, faster
analysis, and ultra-low latency enabling real-time decision-making.
The on-demand
deployment model to grow at the highest CAGR during the forecast period
The market by deployment model has been segmented into on-premises and
on-demand model. The on-demand deployment model is expected to witness the
highest CAGR during the forecast period. The on-demand deployment model will
gain traction in the coming years owing to the cost effectiveness, agility, and
affordability it offers to the end customer.
North America
is expected to dominate the in-memory database market during the forecast
period
The in-memory database market segments the global market on the basis
of regions, which include North America, Asia-Pacific (APAC), Europe, Middle
East and Africa (MEA), and Latin America. North America is expected to hold the
largest share of the in-memory database market in 2016 due to the presence of
large enterprises, technical experts, and growing demands for in-memory
database market solutions in this region. The market in APAC is expected to
grow at the highest CAGR between 2016 and 2021. The ability to provide
real-time intelligence with advanced predictive analytics on different
applications has boosted the in-memory database market.
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