In-memory database is a kind of nonrelational database that relies mostly on memory for data storage. It operates differently than databases. Databases store data on SSDs or disk. In-memory databases are outlined to attain minimal response time by curtailing the requirement for accessing disks. Since all data is managed and stored exclusively in primary memory, it is exposed to the risk of being lost upon a server or process failure. In-memory databases can preserve data on disks by storing each activity by taking snapshots or in a log. The notable growth in the database storage systems is considered responsible for the expansion of the in-memory database market. Report published by Market Research Future proclaims that the in-memory database market is projected to grow at a CAGR of 19% throughout the review period. Key factors fueling the in-memory database market include web-based transactions and business analytics that are aiding the market. The application of in-memory database is rapidly increasing both among new users as well as established users. Furthermore, in-memory database attracts organizations experiencing issues with large database management and transactions. Renowned players operating in the in-memory database market are constantly entering into collaborations to improve the customer experiences related to database solutions. This is also impacting the growth of the in-memory database market to a considerable extent. Recently, IBM acquired Red Hat’s shares looking forward to providing open source cloud-based innovations to an extended user base.
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The in-memory database market is segmented based on application, processing type, deployment mode, organization size, region, and data type. Based on application, the in-memory database market is segmented into analytics, transaction, reporting, and others. Based on processing type, the in-memory database market is segmented into Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP). Based on deployment mode, the in-memory database market is segmented into on-premise, on-cloud, and on-demand. The report indicates that the on-demand segment is likely to develop at the highest CAGR on account of its agility and cost-effectiveness. The customer can access the data by the means of updated version of analytics. The on-cloud segment represents the largest market share as it assists organizations by reducing the cost related with the IT infrastructure. The cloud integration allows the enterprise to focus on primary business competencies. It offers the organization with facilities such as security, data protection, efficient management of storage, offering data integrity, offering information related to governance along with making the organization legally prepared. Based on data type, the in-memory database market consists of NewSQL, relational, and NoSQL.
Global in-memory database market is dominated by key players such as Oracle Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), Tableau software (U.S.), Amazon Web Services (U.S.), Teradata Corporation (U.S), Altibase Corporation (U.S.), Datastax (U.S.), VoltDB (U.S.), McObject LLC (U.S.), Kognitio Ltd. (U.K.), and ENEA (Sweden).
Geographically, the In-Memory Database Market is segmented into regions such as Europe, North America, Asia Pacific, and Rest of the World. The report published by Market Research Future states that the North America market accounts for driving the largest demand for in-memory database sector. The factors that propel the growth of in-memory database in the North America market include the presence of key market players in the region, spurring demand for speedy transfer of files and faster storage coupled with the surging need for technical expertise. Canada and the U.S. are dominating the North America market on account of their well-established IT industry coupled with increasing technological progressions. The Asia Pacific market is expected to reflect the largest avenues for expansion of the in-memory database sector. The growth is owing to the capacity for extending outsourcing service in real-time intelligence with upgraded predictive analytics on different applications. The approaches undertaken by emerging economies within APAC, such as China, India, and others, in digitalization and promotion of the innovative technologies such as mobility, Internet of Things (IoT), cloud, analytics, and business intelligence (BI), is likely to encourage the market growth during the assessment period.
LIST OF TABLES
Table 1 Global In-Memory Database Market: By Region, 2019-2023
Table 2 North America In-Memory Database Market: By Country, 2019-2023
Table 3 Europe In-Memory Database Market: By Country, 2019-2023
Table 4 Asia-Pacific In-Memory Database Market: By Country, 2019-2023
Table 5 Rest Of The World In-Memory Database Market: By Country, 2019-2023
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LIST OF FIGURES
FIGURE 1 Global In-Memory Database Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global In-Memory Database Market
FIGURE 4 Value Chain Of Global In-Memory Database Market
FIGURE 5 Share Of Global In-Memory Database Market In 2019, By Country (In %)
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