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The global in-memory analytics market reached a value of about USD 2.97 billion in 2023. The industry is further expected to grow at a CAGR of 25.40% in the forecast period of 2024-2032 to reach a value of around USD 22.82 billion by 2032.
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North America is one of the leading regions in the global market for in-memory analytics, owing to the early adoption of new technologies. In addition, the presence of a large number of in-memory analytics vendors in North America is another factor that is positively influencing the growth of the regional market. Further, the strong wireless connectivity infrastructure in North America and Canada has favoured the widespread adoption of in-memory analytics, thus augmenting the market growth. In addition, the market is being driven by the increased focus on data analytics by several leading organisations, which has spurred the adoption of in-memory analytics. Moreover, timely acceptance of the expertise in several subdivisions, for example, healthcare, e-commerce and retail, telco’s and ITES, and BFSI, among others, has boosted the development of the market in North America.
Meanwhile, the Asia Pacific region is expected to grow at a significant pace during the forecast period owing to the increased deployment of in-memory computing systems across small and medium enterprises (SMEs) for advanced analytics. In addition, rising adoption of advanced technology in BFSI, government, retail, and e-commerce sectors in countries such as China, India, and Japan, is further expected to augment the growth of the regional market.
In-memory analytics refers to a method of querying data resided in random-access memory (RAM), as opposed to querying data stored on physical disks. It can be rapidly, securely, and concurrently used by multiple users across multiple applications and generates deep insights quickly and precisely, resulting in informed and proactive decisions. It also increases revenue, manages risks, and aids in the development of new products or services.
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Based on application, the market is divided into:
On the basis of end use, the market can be classified into:
The market, based on vertical, can be segmented into:
The EMR report looks into the regional markets for in-memory analytics like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The growth in the global market for in-memory analytics can be associated with the role of digital transformation in shaping the external and internal-facing technology of businesses. This digital transformation is augmenting the adoption of real-time analytics, as technology trends such as hyper-connectivity, cloud computing, and big data intersect with social and business trends. This allows businesses to implement hybrid transactional/analytical processing (HTAP) strategies, which have the potential to revolutionise data processing by providing real-time insights into large data sets while lowering costs.
Further, the rise in the demand for self-service business intelligence and advanced technologies are additional factors fuelling the growth of the market. Moreover, the growth of the market can be associated with improved scalability and security with cloud-based in-memory analytics and its higher adoption by small and medium enterprises (SMEs). Apart from this, the growing utilisation of online banking services is accelerating the adoption of in-memory analytics in the banking, financial services, and insurance (BFSI) sector, thereby pushing the growth of the global market.
The report gives a detailed analysis of the following key players in the global in-memory analytics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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Breakup by End Use |
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Breakup by Vertical |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global in-memory analytics market attained a value of about USD 2.97 billion in 2023.
The market is projected to grow at a CAGR of 25.40% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 22.82 billion by 2032.
The market is being driven by the rapid digital transformation across industry verticals owing to the rising importance of data analytics.
An increased deployment of in-memory computing systems across small and medium enterprises (SMEs) and digital transformation using real-time data analytics are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading applications of in-memory analytics are customer experience management, design and innovation, operation optimisation, marketing management, and real-time analysis and decision-making, among others.
The significant end uses of in-memory analytics includes small and medium enterprise and large enterprises.
The major verticals of in-memory analytics are BFSI, retail and e-commerce, government and defence, healthcare, manufacturing, telcos and ITES, among others.
The major players in the industry are Oracle Corporation, SAP SE, International Business Machines Corporation, Software AG, and MicroStrategy Incorporated, among others.
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