According to the latest report by IMARC Group, titled “In-Memory Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global in-memory analytics market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 23% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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In-memory analytics refers to a business intelligence (BI) methodology used to solve complex and time-sensitive business scenarios. It assists in improving the speed, performance, and reliability when querying data. It also aids in increasing revenue, managing risks, simplifying access to data sources, delivering immediate actions and responses, and resolving consumer demands/issues. Moreover, as it provides deep insights that help in making informed and proactive decisions, its application is expanding across numerous organizations across the globe.
The rising adoption of in-memory analytics in the banking, financial services, and insurance (BFSI) sector represents one of the key factors propelling the growth of the market. In-memory analytics is cost-effective and can analyze data of varied sizes and complexities with unprecedented speed. As a result, it is increasingly being utilized as an alternative to data warehouses for small and medium-sized enterprises (SMEs). Apart from this, it finds application in geographic information systems (GIS). This, along with the growing employment of digital technology, is creating a favorable market outlook.
In-Memory Analytics Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global in-memory analytics market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
ActiveViamAmazon Web Services Inc.Hitachi Ltd.Information Builders Inc. (Tibco Software Inc.)International Business Machines CorporationKognitio LtdMicrostrategy IncorporatedOracle CorporationQlik TechnologiesSAP SESAS Institute Inc.Software AGKey Market Segmentation:
The report has segmented the global in-memory analytics market on the basis of application, organization size, vertical and region.
Breakup by Application:
Customer Experience ManagementDesign and InnovationOperation OptimizationMarketing ManagementReal-Time Analysis and Decision-makingOthersBreakup by Organization Size:
Small and Medium EnterprisesLarge EnterprisesBreakup by Vertical:
BFSIRetail and E-commerceGovernment and DefenseHealthcareManufacturingIT and TelecommunicationOthersBreakup by Region:
North AmericaAsia-PacificEuropeLatin AmericaMiddle East and AfricaExplore Full Report with TOC & List of Figure: https://www.imarcgroup.com/in-memory-analytics-market
Key highlights of the report:
Market Performance (2015-2020)Market Outlook (2021-2026)Industry TrendsMarket Drivers and Success FactorsThe Impact of COVID-19 on the Global MarketValue Chain AnalysisStructure of the Global MarketComprehensive mapping of the competitive landscapeIf you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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