In-Memory Analytics Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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In-Memory Analytics Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : July, 2020 | Technology & Media | PPT format

Report Digest


Global In-memory Analytics Market: Snapshot

The global in-memory analytics market is projected to grow at a significant rate in the next few years. The technological advancements and innovations in computing power and the increasing volume of data are the major factors that are anticipated to encourage the growth of the global in-memory analytics market in the coming years. The rising adoption of in-memory analytics by SMBS is estimated to generate potential growth opportunities in the near future.

The high adoption of new technologies and the presence of a large number of players operating are estimated to encourage the growth of the North America in-memory analytics market in the next few years. Furthermore, the growing demand for cost-effective in-memory analytics is likely to generate growth opportunities for market players in several developing economies in Asia Pacific. The growing demand from diverse applications has encouraged several new players to enter the global in-memory analytics market in the next few years.

The key players in the global in-memory analytics market are estimated to face several challenges in the global market in the coming years. The maintenance and management of data quality and the lack of developer skills and end user to deploy BI applications are predicted to restrict the growth of the overall market in the coming years. In addition to this, the lack of awareness regarding in-memory analytics across diverse industries is another key factor projected to restrict the market growth in the near future.

On the other hand, the reduction of the cost of main memory hardware and the emergence of cloud-based in-analytics are anticipated to encourage the growth of the global in-memory analytics market in the coming few years. The leading players in the global market are focusing on the development of new products and research and development activities in order to expand their market penetration and product portfolio across the globe.

Global In-Memory Analytics Market: Overview

The global market for in-memory analytics is likely to grow at a strong pace in the next few years. The increasing rate of adoption and the expansion of the application base are the key factors that are anticipated to fuel the growth of the global in-memory analytics market in the forecast period. In addition to this, the rising emphasis of key players on introducing new products is likely to encourage the growth of the market in the next few years.

Global In-Memory Analytics Market: Key Trends

The emergence of cloud-based in-memory analytics helps in improving security and scalability, which is a major factor anticipated to encourage the growth of the market in the next few years. In addition, the rising trend for self-service BI tools is likely to accelerate the growth of the market over the forecast period. On the flip side, the lack of awareness among consumers regarding the advantages of in-memory analytical solutions and the lack of developer skills and end users in order to deploy BI applications are projected to hamper the growth of the overall market in the next few years. Nevertheless, the reduction of main memory hardware cost is predicted to encourage the growth of the market in the near future.

Global In-Memory Analytics Market: Market Potential

The rising demand for digital transformation using real-time data analytics and the rising volume of data are the important factors that are projected to fuel the growth of the global in-memory analytics market over the forecast period. In addition, the increasing focus on advancements in technology in computing power is likely to accelerate the growth of the overall market in the coming years. However, the maintenance and management of data quality is considered as a major challenge for key players operating in the market, which is estimated to restrict the growth over the forecast period. Nonetheless, the increasing adoption by SMBS is projected to generate promising growth opportunities in the near future.

Global In-Memory Analytics Market: Regional Outlook

The research study offers a detailed overview of the regional segmentation of the global in-memory analytics market in order to help the players in making business decisions effectively. Among the key segments of the global market, North America is expected to witness a strong growth throughout the forecast period. The robust growth of this region can be attributed to the presence of several leading players. In addition, the early adoption of emerging and new technologies is another factor expected to accelerate the growth of the market in the next few years.

Furthermore, Asia Pacific market for in-memory analytics is predicted to grow at a significant pace in the forecast period. The rising demand for cost-effective in-memory analytics services and software, especially among medium and small-sized businesses is likely to contribute extensively towards the development of the Asia Pacific market in the next few years.

Global In-Memory Analytics Market: Competitive Analysis

The global market for in-memory analytics is extremely competitive in nature with a large number of players operating in it across the globe. The rising level of competition and the projected rise in the number of new entrants are anticipated to enhance the growth of the overall market in the next few years. The leading players in the market are focusing on offering effective and innovative solutions to consumers in order to enhance their presence and attain a prominent position in the global market.

Some of the prominent players operating in the in-memory analytics market across the globe are Qlik Technologies, Inc., SAP SE, Oracle Corporation, SAS Institute, Inc., Activeviam, Kognitio Ltd., Exasol, Hitachi Group Company, Information Builders, Inc., Amazon Web Services, IBM Corporation, Software AG, Microstrategy Incorporated, and Advizor Solutions, Inc.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.