According to new market research report on "In-Memory Analytics Market by Component
(Software, Services), Application (Risk Management & Fraud Detection, Sales
& Marketing Optimization, and Financial Management), Deployment,
Organization Size, Vertical, Region - Global Forecast to 2022", The in-memory
analytics market size is expected to grow from USD 1.26 Billion in 2017 to USD
3.85 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 25.1%.
The key forces driving the in-memory analytics
market include the digital transformation using real-time analytics,
technological advancement in computing power, growing data volume, and demand
for self-service Business Intelligence (BI) tools.
Browse and
in-depth TOC on “In-Memory Analytics Market”
72
- Tables
40
- Figures
154
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North America is expected to constitute the largest market share; Asia-Pacific (APAC) to grow at the highest CAGR
North America is expected to continue its dominance
in terms of market share throughout the forecast period. Early adoption of new
& emerging technologies and large number of in-memory analytics vendors in
the region would help consolidate the majority of revenues in the market. The
APAC region is expected to grow at the highest CAGR during the forecast period.
Owing to the growing technology expenditures in countries, such as China &
India and the demand for cost-effective analytical software & services
among Small and Medium-Sized Businesses (SMBs) would drive the market growth
during forecast period.
Risk management and fraud detection application
segment is expected to constitute the highest market share during the forecast
period
The organizations implement in-memory analytics
solutions to enhance risk intelligence capabilities to fight with operational
and financial risks. The companies are using advanced analytical tools to
avoid, address, and quickly recover from major risk events. The risk management
and fraud detection solution helps identify, monitor, analyze, and control
risks.
In-memory analytics software component is expected
to contribute the largest market share in 2017
Among components, the in-memory analytics software
is expected to continue its dominance throughout the forecast period. In-memory
analytics solution empowers the user to perform quick data analysis and achieve
real-time insights from the stored data. The falling Random Access Memory (RAM)
prices and technological advancements in computing power have propelled the
adoption of in-memory analytics software among end-users.
The major vendors providing in-memory analytics
software and services are SAP SE (Walldorf, Germany), MicroStrategy
Incorporated (Virginia, U.S.), Kognitio (Berkshire, England), SAS Institute,
Inc. (North Carolina, U.S.), Hitachi Group Company (Tokyo, Japan), ActiveViam
(London, UK), Oracle Corporation (California, U.S.), IBM Corporation (New York,
U.S.), Information Builders (New York, U.S.), Software AG (Darmstadt, Germany),
Amazon Web Services (Washington, U.S.), Qlik Technologies, Inc. (Pennsylvania,
U.S.), ADVIZOR Solutions (Illinois, U.S.), and EXASOL (Nuremberg, Germany).
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Content Source: https://www.marketsandmarkets.com/PressReleases/in-memory-analytics.asp
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/in-memory-analytics.asp
