In-Memory Database Market Share, Size, Growth, Opportunity and Forecast 2021-2026

Press Release:

Global In-Memory Database Market to Grow at 18.7% During 2021-2026, Impelled by Widespread Adoption of Big Data Analytics

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

In-Memory Database Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global in-memory database market exhibited strong growth during 2015-2020. An in-memory database (IMDB) relies on random-access memory (RAM) to store and manage data in a compressed and non-relational format. It is more volatile and controls different parts of the database through direct pointers and allows real-time analysis and data reporting compared to conventional disk-based databases. It also eliminates the need for query data from a disk, which helps attain faster transactions and multi-user concurrency. Consequently, it is extensively utilized in interactive online gaming, geospatial processing and developing embedded software systems worldwide. Moreover, as it reduces data indexing and IT costs, it finds application in business intelligence (BI) for storing historical data on metrics.

The widespread adoption of big data analytics, in confluence with the escalating demand for managing high-performance computing (HPC), represents one of the key factors stimulating the growth of the IMDB market. Moreover, with the growing focus on precision medicine, IMDB is gaining traction in the healthcare industry to expand functionality and improve the safety of medical devices. It also assists in real-time analysis of electronic health records, which is contributing to the market growth. Apart from this, the development of non-volatile random-access memory (NVRAM) allows IMDB to maintain data after a power outage or computer crash. Furthermore, the application of IMDBs is increasing in cloud-based applications and e-commerce websites to improve speed and scalability. Other factors such as the rising adoption of cloud services, escalating demand for online gaming and the increasing utilization of e-commerce channels due to the coronavirus disease (COVID-19) outbreak, consequent lockdowns and social distancing measures promoted by governments of various countries are influencing the market positively. Looking forward, IMARC Group expects the global in-memory database market to grow at a CAGR of around 19% during 2021-2026.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global in-memory database market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, data type, application, end user and vertical.

Breakup by Data Type:

Relational
NoSQL
NewSQL

Breakup by Application:

Customer Experience Management
Design & Innovation
Operation Optimization
Marketing Management
Real-Time Analysis and Decision-making
Others

Breakup by End User:

SMEs
Large Enterprises

Breakup by Vertical:

BFSI
Retail & E-commerce
Government & Defense
Healthcare
Manufacturing
Telcom & ITES
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Altibase Corporation, Amazon Web Services, Datastax, Enea AB, IBM Corporation, Kognitio Ltd., Mcobject LLC, Microsoft Corporation, Oracle Corporation, SAP SE, Tableau Software, Teradata Corporation and VoltDB Inc.

Key Questions Answered in This Report:

How has the global in-memory database market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global in-memory database market?
What are the key regional markets?
What is the breakup of the market based on the data type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global in-memory database market and who are the key players?
What is the degree of competition in the industry?