Global In-Memory Analytics Market Report and Forecast 2024-2032

Global In-Memory Analytics Market Outlook

The global in-memory analytics market reached a value of about USD 2.97 billion in 2023. The industry is further expected to grow at a CAGR of 25.40% in the forecast period of 2024-2032 to reach a value of  around USD 22.82 billion by 2032.

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North America to Hold a Significant Share in the Global Market for In-Memory Analytics

North America is one of the leading regions in the global market for in-memory analytics, owing to the early adoption of new technologies. In addition, the presence of a large number of in-memory analytics vendors in North America is another factor that is positively influencing the growth of the regional market.  Further, the strong wireless connectivity infrastructure in North America and Canada has favoured the widespread adoption of in-memory analytics, thus augmenting the market growth. In addition, the market is being driven by the increased focus on data analytics by several leading organisations, which has spurred the adoption of in-memory analytics.  Moreover, timely acceptance of the expertise in several subdivisions, for example, healthcare, e-commerce and retail, telco’s and ITES, and BFSI, among others, has boosted the development of the market in North America.

Meanwhile, the Asia Pacific region is expected to grow at a significant pace during the forecast period owing to the increased deployment of in-memory computing systems across small and medium enterprises (SMEs) for advanced analytics. In addition, rising adoption of advanced technology in BFSI, government, retail, and e-commerce sectors in countries such as China, India, and Japan, is further expected to augment the  growth of the regional market.

In-Memory Analytics: Market Segmentation

In-memory analytics refers to a method of querying data resided in random-access memory (RAM), as opposed to querying data stored on physical disks. It can be rapidly, securely, and concurrently used by multiple users across multiple applications and generates deep insights quickly and precisely, resulting in informed and proactive decisions. It also increases revenue, manages risks, and aids in the development of new products or services.

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Based on application, the market is divided into:

• Customer Experience Management
• Design and Innovation
• Operation Optimisation
• Marketing Management
• Real-Time Analysis and Decision-Making
• Others

On the basis of end use, the market can be classified into:

• Small and Medium Enterprise
• Large Enterprises

The market, based on vertical, can be segmented into:

• BFSI
• Retail and E-commerce
• Government and Defence
• Healthcare
• Manufacturinz
• Telcos and ITES
• Others

The EMR report looks into the regional markets for in-memory analytics like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Digital Transformation Using Real-Time Data Analytics Boosting the Market Growth

The growth in the global market for in-memory analytics can be associated with the role of digital transformation in shaping the external and internal-facing technology of businesses. This digital transformation is augmenting the adoption of real-time analytics, as technology trends such as hyper-connectivity, cloud computing, and big data intersect with social and business trends. This allows businesses to implement hybrid transactional/analytical processing (HTAP) strategies, which have the potential to revolutionise data processing by providing real-time insights into large data sets while lowering costs.

Further, the rise in the demand for self-service business intelligence and advanced technologies are additional factors fuelling the growth of the market. Moreover, the growth of the market can be associated with improved scalability and security with cloud-based in-memory analytics and its higher adoption by small and medium enterprises (SMEs). Apart from this, the growing utilisation of online banking services is accelerating the adoption of in-memory analytics in the banking, financial services, and insurance (BFSI) sector, thereby pushing the growth of the global market.

Key Industry Players in the Global In-Memory Analytics Market

The report gives a detailed analysis of the following key players in the global in-memory analytics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Oracle Corporation
• SAP SE
• International Business Machines Corporation
• Software AG
• MicroStrategy Incorporated
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report