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 market exhibited strong growth during 2015-2020. 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.
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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. Looking forward, IMARC Group expects the market to grow at a CAGR of 23% during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- ActiveViam
- Amazon Web Services Inc.
- Hitachi Ltd.
- Information Builders Inc. (Tibco Software Inc.)
- International Business Machines Corporation
- Kognitio Ltd
- Microstrategy Incorporated
- Oracle Corporation
- Qlik Technologies
- SAP SE
- SAS Institute Inc.
- Software AG
Key Highlights of the Market Segmentation:
Breakup by Application:
- Customer Experience Management
- Design and Innovation
- Operation Optimization
- Marketing Management
- Real-Time Analysis and Decision-making
- Others
Breakup by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Vertical:
- BFSI
- Retail and E-commerce
- Government and Defense
- Healthcare
- Manufacturing
- IT and Telecommunication
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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