The 2023 report on the “Memory Analytics Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global In Memory Analytics Market is valued approximately USD $ million in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. In Memory Analytics is a type of middleware software that facilitates to store data in RAM, across a cluster of computers. All the data used by an application is stored within the main memory of the computer system, rather than accessing the data on a disk, data remains suspended in the memory of a powerful set of computers. As compared traditional disk-based intelligence system in memory analytics offers faster results and improves overall business efficiency.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The growing volume of data and increasing demand from end use applications as well as rising number of collaboration activities are factors that are accelerating the global market demand. For instance, according to Statista – in 2020, around 64.2 Zettabytes of data created, captured, copied, and consumed across the globe, and this amount is projected to grow to 180 zettabytes by end of 2025.
Furthermore, in May 2022, Samsung Electronics Co., Ltd., and Red Hat, Inc., entered in a collaboration for development of software technologies for next-generation memory solutions. Under this collaboration both the companies would jointly work towards development of open-source software for existing and upcoming memory and storage products, such as NVMe SSDs, CXL memory, computational memory/storage. Also, growing automation across different industries and rising deployment of Data science and machine learning Solutions are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, lack of awareness across the industries and concern associated over data privacy and security impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global In Memory Analytics Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing automation across the industries and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as rapid industrialization and growing big data analytics market in the region, would create lucrative growth prospects for the In Memory Analytics Market across the Asia Pacific region.
Major market players included in this report are:
SAP (Germany)
Oracle (US)
Kognitio (UK)
MicroStrategy (US)
SAS Institute (US)
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ActiveViam (UK)
IBM (US)
Information Builders (US)
Hitachi (Japan)
Software AG (Germany)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application
Customer Experience Management
Design & Innovation
Operational Optimization
Marketing Management
Real-Time Analysis and Decision-Making
Others
By End Use
SMEs
Large Enterprises
By Vertical
BFSI
Retail & E-commerce
Government & Defense
Healthcare
Manufacturing
Telcos & ITES
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Which elements of this study are relevant to market analysis?
- The research offers a thorough analysis of market trends, along with details on regional usage and consumption.
- The growth rates of each area, including their respective nations, are included in market reports for the upcoming years.
- How are the major market players rated?
- A thorough study of the market’s top rivals is provided in this report.
- The study contains details about the major market vendors.
- Each company’s profile, revenue sources, and items produced are all covered in detail in the study.
- Along with the opinions of the top market participants, the study includes data and information about rival companies.
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