Global In-Memory Analytics Market Company Share, Industry Size, Strategies and Forecast to 2030

Inkwood Research projects that the Global In-Memory Analytics Market is evaluated to project a CAGR of 22.92% in terms of revenue during the forecasting years of 2021-2028.
"Browse 59 Market Data Tables and 54 Figures spread over 140 Pages, along with an in-depth TOC on the Global In-Memory Analytics Market Forecast 2021-2028."

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In-memory analytics entails an enhancement in data analytics as well as BI. It essentially enables companies to process massive quantities of data with high speed, through flash memory or RAM. Since the access speed increases more than 10,000 times, processing using memory is relatively more advantageous than the disk-based approach. Moreover, in-memory analytics is utilized across IT and telecom, BFSI, and retail, among numerous other sectors.

Rise in Trend of BI Tools to Fuel Market Growth
The increased demand from organizations in order to provide self-reliance and flexibility in analysis and reporting, especially to their business users, has considerably surged the adoption of self-service BI tools, across various enterprises. Additionally, the demand has further increased, due to multiple benefits, such as, transforming raw numbers into streamlined reports and data management that reinforces its comprehensive decision-making. In terms of various benefits offered by BI software, the growing awareness ensures an enhanced scope for companies to improve their user experience while targeting their customers.
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Fraud & Security Management Segment is the Prominent Application
Fraud and security management involves real-time activity screening across multiple channels, accounts, users, and processes, to identify and prevent external as well as internal fraud in an organization. Moreover, an increase in the number of data security breaches and cyber-attacks in companies, fuel the in-analytics memory market growth.
The security of mobile applications and devices is exceptionally crucial within business aspects. As a result, the mobile business intelligence software and services collectively concentrate on security management. The primary objective of fraud and security management aids the identification of risks, while quantifying the threats linked to businesses, for the purpose of detecting and avoiding them. Hence, by using a suitable approach and the right technology, they can be detected and acted upon, in real-time, thereby enabling enterprises to make informed decisions.

North America Held the Highest Revenue Share in 2020
North America's market growth is mainly attributed to factors, such as, the presence of numerous well-established players, and the advent of analytics across diverse applications, like forecasting, decision making, human business resources, and marketing. Moreover, the rise in digital transformation and the adoption of cloud-based in-memory analytics among small and medium enterprises, play an essential role in driving the region's market growth.
The firm concentration ratio within the global in-memory analytics market is expected to observe higher growth during the forecast years, since numerous firms focus on this market, predominantly as a lucrative opportunity to consolidate their yields. Key enterprises operating in the market are, Amazon Web Services Inc, SAS Institute, IBM Corporation, Microsoft Corporation, etc.

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