New York, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "GLOBAL IN-MEMORY ANALYTICS MARKET FORECAST 2021-2028" - https://www.reportlinker.com/p05994846/?utm_source=GNW
MARKET INSIGHTS
In-memory analytics entails an enhancement in BI and data analytics.It enables companies to process extensive quantities of data with high speed, using flash memory or RAM.
Processing through memory is more advantageous when compared to the disk-based approach since the access speed increases more than 10,000 times. In-memory analytics is primarily used in IT and telecom, BFSI, and retail, among numerous others.
Data generated by companies essentially comprises unstructured data, accounting for 80%, with only 20% of the data being structured. Moreover, data is available in numerous kinds of formats, ranging from structured and numerical data in conventional databases, to unstructured text documents, audio, emails, videos, financial transactions, and stock ticker data.
REGIONAL INSIGHTS
The global in-memory analytics market growth is analyzed by assessing Europe, the Asia Pacific, North America, and the rest of the world.The Asia Pacific is anticipated to grow with the highest CAGR, over the forecast period.
The region’s market growth is attributed to factors such as the adoption of in-memory analytics in organizations for managing operational efficiency, and the technology’s rapid implementation, especially in developing economies like India.
COMPETITIVE INSIGHTS
The global in-memory analytics market entails numerous regional and global players, competing for traction across a relatively contested market space.The firm concentration ratio is anticipated to register higher growth over the forecast period, since multiple software firms concentrate on this market, essentially as a lucrative opportunity in order to consolidate their offerings.
Some of the leading companies operating in the market include, Microsoft Corporation IBM Corporation, SAS Institute, SAP SE, Amazon Web Services Inc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned
1. IBM CORPORATION
2. MICROSOFT CORPORATION
3. AMAZON WEB SERVICES INC
4. SAS INSTITUTE
5. SAP SE
6. SOFTWARE AG
7. HITACHI LTD
8. ALTIBASE CORPORATION
9. ORACLE CORPORATION
10. GRIDGAIN SYSTEMS INC
11. GIGASPACES TECHNOLOGIES INC
12. DATASTAX INC
Read the full report: https://www.reportlinker.com/p05994846/?utm_source=GNW
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GLOBAL IN-MEMORY ANALYTICS MARKET FORECAST 2021-2028
KEY FINDINGS The global in-memory analytics market is predicted to advance with a CAGR of 22. 92%, during the forecast period of 2021 to 2028. The key market growth drivers include, the increase in data generation, rapid data processing, and the increasing trend of BI tools.
| Source: ReportLinker