Jul 21, 2021 (The Expresswire) -- Global " In-Memory Database Market " (2021-2023) research provides an outline of the business with key insights, applications and the industrial chain structure. Additionally, it provides information of the worldwide market including advancement patterns, focused scene investigation, key locales and their improvement status. Advanced approaches and plans are examined just as assembling procedures and cost structures are dissected likewise. The report states import/trade utilities, market figures, cost, value, income and gross productivity of the market.
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List of TOP KEY PLAYERS in In-Memory Database Market Report are -
● IBM Corporation ● Microsoft Corporation ● Oracle Corporation ● SAP SE ● Facebook ● Telefonaktiebolaget LM Ericsson ● Bell Labs (Alcatel Lucent) ● TIBCO Software Inc. ● Aerospike Company ● GridGain Systems ● Inc. ● Teracotta Inc. (Software AG) ● Pivotal Software ● Inc. ● Exasol ● Redis Labs ● Altibase Corp. ● (CWI) CENTRUM WISKUNDE and INFORMATICA ● Hasso-Plattner-Institut ● Raima ● Inc. ● VoltDB ● Inc. ● COUCHBASE ● DataStax ● Inc. ● McObject LLC ● MemSQL Inc.
"Final Report will add the analysis of the impact of COVID-19 on the In Memory Computing industry."
COVID-19 Impact on Market:
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
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The In-Memory Database Market is expected to witness a CAGR of 19%, over the forecast period (2018-2023).
The In-Memory Database Market is considered as the next step after traditional databases. Although the technology has its own drawbacks but it is believed by many that the cons of the technology will soon be outnumbered. Indications of its expansion can be witnessed by increasing adoption of it across various industry verticals. Not only IT and Telecommunication are making use of the technology, but also the industries like BFSI and retail are integrating this into their operations as can be seen via different use cases. All of this has been the consequence of increased adoption of technology which is eventually driven by innovation.
Integration of technology within operations promoting In-memory databases
Technological innovations have been at the helm of many industrial transformations in the recent past. Implementation of these technologies in the most traditional businesses has been intensifying the competition for a while now. At first, it was data analytics which brought disruption and now it is the real time data analytics which is redefining operations of various enterprises. The reason for the enhanced competition is not just the existence of technology, but its access to every player. In-memory computing (IMC) has an important role in accelerating the real time analytics adoption. The adoption of IMC was 35% in 2015 which was increased from 10% in 2012. In-memory databases are an essential part of the IMC. This increased adoption of IMC and hence of In-memory databases has been driven by SMEâs gaining access to these technologies and consequently making their operations efficient enough so that they are well equipped to compete with the leaders in the market on a level playing field which in turn is intensifying competition.
In-Memory Database Market Regional Analysis
The North American market is the largest market but the focus is shifting towards the fastest growing region, which in this market is the Asia-Pacific region. Economies like India and China are adopting the technology for more efficient operations. Industries like retail are being driven by e-commerce into adapting technology for their operations and this has attracted the respective market leaders in the country. Recently Walmart Inc., which is a major retail player acquired the Indian e-commerce leader Flipkart, which will eventually bring a lot investment in the market. All of this is set to increase the data production in operations which will consequently fuel the demand for in-memory databases as they enhance the agility of operations by faster data extraction and that too in real time. One of the major reasons is that the North American region is almost saturated and to counter the competition, the players are looking upcoming regions to diversify.
Major players: IBM CORPORATION, MICROSOFT CORPORATION, ORACLE CORPORATION, SAP SE, FACEBOOK, TELEFONAKTIEBOLAGET LM ERICSSON, BELL LABS (ALCATEL LUCENT), TIBCO SOFTWARE INC., AEROSPIKE COMPANY, GRIDGAIN SYSTEMS, INC., TERACOTTA INC. (SOFTWARE AG), PIVOTAL SOFTWARE, INC., EXASOL, REDIS LABS, ALTIBASE CORP., (CWI) CENTRUM WISKUNDE and INFORMATICA, HASSO-PLATTNER-INSTITUT, RAIMA, INC., VOLTDB, INC., COUCHBASE, DATASTAX, INC., MCOBJECT LLC, and MEMSQL INC., amongst others.
Key Developments in In-Memory Database Market
- May 2018: New Relic, Inc. and AppDynamics have upgraded their APM tools with display kubernetes time series data, and monitoring alerts that synchronized with IT automation tools.
- November 2017: Dynatrace LLC acquired Qumram, which offered advanced session replay technology for mobile and web applications for undisclosed accounts
Global In-Memory Database Market Segmentation by Types, By Applications and by Region:
Global In-Memory Database market is analyses and market size information is provided by regions (countries). Segment by Application, the In-Memory Database market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report includes region-wise market size for the period 2021-2023. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2021-2023.