According to a report
by Grand View Research, Inc., global in-memory
analytics market is estimated to value USD 6.62 billion by 2025
growing at a CAGR of 23.8 % during the forecast period (from 2018 to
2025). Growing requirement for self-service business intelligence and advanced
technologies to obtain real-time information can amplify demand for in-memory
analytics. The implementation of in-memory analytics can offer multiple benefits
such as faster processing, enhanced safety & security, real-time insights,
and many others. Rising emphasis on huge storage of complex data, innovation,
and cost optimization in organizations is anticipated to propel the growth of
this market in the forthcoming years.
On the other hand, a
flawless functionality of in-memory analytic tools requires experts at all
levels. The lack of professional experts to monitor operational activities of
such advanced tools may hinder market growth. Rising concerns regarding data
security and data privacy can further obstruct market demand. However, growing
need to protect end-users from potential security breaches owing to increasing
number of cyber-attacks can further impel the market growth. In addition, high
demand for real-time analysis of complex information in organizations to make
better operational and marketing decisions can also augment market growth
during the forecast period.
Access Research Report of In-Memory Analytics Market@: www.grandviewresearch.com/industry-analysis/in-memory-analytics-market
The in-memory analytics
market is segregated on the basis of application, end-use, vertical, and
region. Based on application, the market is classified into design &
innovation, operational optimization, marketing management, customer experience
management, real-time analysis and decision-making, and others. In 2016, the
customer experience management segment dominated the market. It is anticipated
to expand further during the forecast period due to intense competition among
developing organizations. On the contrary, the operational optimization segment
is predicted to grow steadily over the coming years owing to demand for
advanced real-time visibility of operations such as process, product, and
workforce management.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Based on end-use, the
market can be bifurcated into large enterprises and Small & Medium
Enterprises (SMEs). The SMEs segment is estimated to display a substantial
growth during the forecast period. Growing inclination towards advanced
analytical tools over the conventional ones can augment this growth. Based on
vertical, the market can be segmented into retail & e-commerce, government
& defense, healthcare, manufacturing, telcos & ITES, BFSI, and others.
Regional segmentation includes Europe, Asia
Pacific, North America, Latin America, and Middle East & Africa (MEA). In
2016, North America region dominated the global market and is expected to
continue its dominance during the forecast period. Presence of major market
players such as Software AG, SAP SE, and Kognitio Limited can fuel the region’s
development. In addition, availability of strong wireless connectivity in the
region is also likely to fuel the adoption of in-memory analytics in multiple
sectors.
Some of the leading companies offering
in-memory analytics are Amazon Web Services, Oracle, SAP SE, International
Business Machines (IBM), and Software AG. Most companies are likely to increase
R&D investments to develop advanced solutions and gain competitive
advantage over other rivalry companies. For instance, a team of scientists at
IBM recently developed a new in-memory computing solution called mixed-precision
in-memory computing to support businesses in training Artificial Intelligence
(AI) systems. This new hybrid concept can easily run analytics and Machine
Learning (ML) applications and combines computational memory unit with von
Neumann machine. Thus, this system can benefit from both the energy-efficiency
of in-memory computing and high precision of digital computing.
Access Press Release of
In-Memory Analytics Market@: www.grandviewresearch.com/press-release/global-in-memory-analytics-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
No comments:
Post a Comment