In-Memory Analytics Market is expected to grow at a CAGR of 25.1% during the forecast period (2018 - 2023), to reach USD 3.97 billion by 2023| Top Vendors - SAP SE, ACTIVEVIAM, AMAZON WEB SERVICES, INC., IBM CORPORATION, INFORMATION BUILDERS, INC., KOGNIT

Market Analysis:

Asia-Pacific Is the Fastest Growing Market
The In-memory analytics market in the region is driven by the growing digitization of end-users coupled with the rising adoption of cost effective cloud-based analytical software by the SMBs, especially in China and India. In India, the interest in the cloud is being driven by the increasing need for business innovation and agility, the ability to scale fast in a competitive market, and the government’s thrust towards Digital India initiative.

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The ability to process large amounts of data compared to conventional analytic solutions has made it a highly sought after tool in this digital environment. In-memory analytics methodology helps in solving complex and time-sensitive business scenarios. It has not only emerged as a faster and affordable solution, but is also facilitates organizations in the integration of information and presents a holistic view of the situation at hand, powered by real-time data that strengthens the decision-making process. The digital transformation of end-users is leading to adoption of real-time analytics. Also, the growth of data generation is demanding enhanced analytics tools to get swift results, this is further augmented by the advancements in computational technology which is getting faster as time passes. However, the lack of awareness about these products or the higher penetration of conventional analytics tools can act as a restraint for the market.

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Market Segments:
In-Memory Analytics Market is segmented by:
1. Deployment: On-Premise, Cloud
2. End-User: BFSI, Retail, IT and Telecommunications, Manufacturing, Government and Public Sector, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments
• September 2017 - Lenovo announced an in-memory analytics solution designed for use with SAP’s S/4HANA technology. It is known as Lenovo Scalable Solution for SAP HANA. The offering is designed to help S/4HANA users accelerate application performance and expand memory scalability beyond current thresholds to support workloads.
• September 2017 - IBM announced Integrated Analytics System, which is designed to give users quick, easy access to data science capabilities, and coupled with the ability to work with their data across private, public or hybrid cloud environments.

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