The incorporation of hardware and software solutions is anticipated to bolster the demand for in-memory grid market. Reports that scrutinize the information and communication technology industry has been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. A revenue level valued at USD 2.25 billion is anticipated to lift the market at a CAGR of 11.25 % by 2023.
The necessity for reducing the likelihood of errors is projected to boost the market share of the in-memory grid market in the forthcoming period. The upsurge in the implementation of virtual and software-defined wide area network organizations throughout enterprises is expected to induce favorable momentum in the growth of the in-memory grid market in the forecast period.
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The segmental examination of the in-memory grid market is segmented on the basis of deployment type, component, application, vertical and region. On the basis of component type, the in-memory grid market is segmented into solutions and services. Based on the type of deployment, the in-memory grid market is divided into cloud and on-premise. The application-based segmentation of the in-memory grid market consists of fraud and risk management, transaction processing, supply chain, sales and marketing. On the basis of vertical, the in-memory grid market is segmented into government, media & entertainment, healthcare, BFSI, retail, IT and telecommunication, and others. Based on the regions, the in-memory grid market is segmented into North America, Asia-Pacific, Europe, and the other regions in the world.
The vital companies profiled in the In-Memory Grid Market research report are Pivotal Software, Inc.(US), Oracle Corporation (US), TIBCO Software Inc. (US), Hazelcast, Inc. (US), IBM Corporation (US), Red Hat, Inc. (US), Pivotal Software, Inc.(US), Hitachi, Ltd. (Japan), Hazelcast, Inc. (US), Software AG (Germany), ScaleOut Software, Inc. (US), GigaSpaces Technologies Inc. (US) to name a few.
Detailed Regional Analysis
The regional investigation of the in-memory grid market is conducted for regions such as North America, Asia-Pacific, Europe, and the other regions in the world. The North American region is followed by the European region, is projected to govern the in-memory grid market up to 2023 as these regions are viable and have firm economies. These economies are mostly investing in disruptive technologies such as big data, mobility, Internet of Things (IoT), DevOps, and social media. Additionally, the incidence of the finest multinational companies in the region is further driving the advance in these regions. The Asia-Pacific region is projected to develop at the maximum CAGR in the forecast period due to the upsurge in the adoption of the connected devices and the consequent increase in data capacities.
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The relative ease in securing investment is expected to guide the progress of the market in the approaching period. The governments around the world are also playing their role to ensure the excellent development of the market. The structuring of the global economies has further deepened the development of the market. The development of modern practices in the production and selling of the goods is motivating the market towards realizing its goals. The improvements in the production quality are creating a healthy atmosphere for the growth of the market. The increased diversification of the market players has laid down a solid foundation for the growth of the market. The need to mitigate risks is expected to influence development in the market on the whole. The strengthening of the distribution channel is expected to create further impetus of the market’s growth.
June 2019 Hazelcast has of late declared that it had secured a USD 21.5 million funding round, by both fresh and prevailing investors.
LIST OF TABLES
Table 1 Global In-Memory Grid Market, By Region, 2018–2023
Table 2 North America: In-Memory Grid Market, By Country, 2018–2023
Table 3 Europe: In-Memory Grid Market, By Country, 2018–2023
Table 4 Asia-Pacific: In-Memory Grid Market, By Country, 2018–2023
Table 5 Middle East & Africa: In-Memory Grid Market, By Country, 2018–2023
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LIST OF FIGURES
FIGURE 1 Global In-Memory Grid Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global In-Memory Grid Market
FIGURE 4 Value Chain Of Global In-Memory Grid Market
FIGURE 5 Share Of Global In-Memory Grid Market In 2017, By Country (In %)
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