San Francisco, 10 April , In-Memory Analytics Market By Application, By End-use (SMEs, Large
Enterprises), By Vertical (BFSI, Retail, Defense, Healthcare, Manufacturing,
ITES), By Region, And Segment Forecasts, 2018 - 2025
The global in-memory analytics market is expected to touch USD 6.62 billion by 2025,
according to a study conducted by Grand View Research, Inc. The advancements in
technology and the need for cost efficiency have increased the adoption of
in-memory analytics. In-memory analytics includes various applications such as
customer experience management, design & innovation, operational
optimization, marketing management, real-time analysis & decision-making,
and others. These solutions not only enable enterprises to increase their
operational efficiency, but they also assist them in reducing expenses.
For the in-memory analytics
market to work successfully, seamless connectivity is one of the most important
prerequisites. The presence of a strong wireless connectivity infrastructure in
regions such as North America has facilitated the widespread adoption of
in-memory analytics. Hence, this regional market is expected to see substantial
growth in 2017. Additionally, the presence of prominent in-memory analytics
market companies such as SAS Institute, Kognitio, Qlik, SAP SE, and IBM, among
others, is estimated to boost the growth prospects of the in-memory analytics
market.
While the rising number of
in-memory analytics devices are propelling the market growth, there has also
been significant concerns over data privacy and data security. As there has
been a significant increase in cyber-attacks around the world, the need to
safeguard the end user from a potential attack would play an essential role in
determining the growth of the in-memory analytics market.
Access full research
report on in-memory analytics market analysis:
Further key findings from the study suggest:
·
Healthcare is the fastest
growing vertical at a CAGR of 25.0%. The need for providing real-time insights
would prove to be essential for the growth of the segment.
·
Small & Medium Enterprises
(SMEs) are expected to grow at a higher CAGR of 29.0% over the forecast period.
·
Benefits such as cost
optimization, operations management, and strategic-decision making are expected
to drive the growth of the in-memory analytics market.
·
Customer experience management
enabling customers with customized products and services, is expected to grow
at the CAGR of 24.8% over the forecast period.
·
The North American region is
currently leading in the market and the trend is expected to continue over the
forecast period.
·
The primary reasons behind the
growth of North American region are the early adoption of the technology and
the presence of leading market players.
·
Prominent players operating in
the in-memory analytics market include Oracle, SAP SE, MicroStrategy Inc.,
International Business Machines (IBM), Software AG, among others.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global in-memory analytics market on the basis of application, end-use,
vertical and region:
Application Outlook (Revenue,
USD Million; 2014 - 2025)
·
Customer Experience Management
·
Design & Innovation
·
Operational Optimization
·
Marketing Management
·
Real-Time Analysis and
Decision-Making
·
Others
End-Use Outlook (Revenue, USD
Million; 2014 - 2025)
·
SMEs
·
Large Enterprises
Vertical Outlook (Revenue, USD
Million; 2014 - 2025)
·
BFSI
·
Retail & E-commerce
·
Government & Defense
·
Healthcare
·
Manufacturing
·
Telcos & ITES
·
Others
Regional Outlook (Revenue, USD
Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
Japan
·
Latin America
·
Middle East & Africa (MEA)
Access Full Press Release of this Report: https://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.
For more information: www.grandviewresearch.com/
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