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In Memory Analytics Market Overview 2023 - Key Insights, Trends, Growth And Forecast 2032 | Amazon Web Services Inc., Oracle Corporation, Qlik Technologies, SAP SE, SAS Institute Inc
In Memory Analytics Market
The Business Research Company's In Memory Analytics Global Market Report 2023 identifies growing volume of data as the major driver for the In Memory Analytics market's growth in the forecast period. Growing data volume is increasing demand for large space in the system's memory which leads to obstruction and delay in the business process. In-memory analytics is used to minimise the data into samples or reduce the data to a small volume by not changing the actual meaning and increasing the query response time.
The global in-memory analytics market size grew from $3.7 billion in 2022 to $4.66 billion in 2023 at a compound annual growth rate (CAGR) of 25.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The in-memory analytics market size is expected to grow to $11.83 billion in 2027 at a CAGR of 26.2%.
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Major competitors in the In Memory Analytics market are Amazon Web Services Inc., Oracle Corporation, Qlik Technologies, SAP SE, SAS Institute Inc.
A key trend in the In Memory Analytics market includes technological advancement. The companies operating in the in-memory analytics market are developing advanced technologies that will help in reducing the time for operation and complexity of the data by providing an enhanced product to their clients. For instance, In December 2020, GigaSpaces, a US-based software company, announced the launch of the InsightEdge portfolio, a new set of in-memory computing platforms that are designed to drive the enterprise digital transformation with unique speed, performance, and scale.
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The In Memory Analytics market is segmented -
1. By Component: Solution, Service
2. By Organization Size: Large Enterprises, Small and medium Enterprises (SME's)
3. By Deployment Mode: On-premise, Cloud-Based
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the In Memory Analytics market.
The Business Research Company's "Global In Memory Analytics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The In Memory Analytics Market Include:
1. Executive Summary
2. In-Memory Analytics Market Characteristics
3. In-Memory Analytics Market Trends And Strategies
4. In-Memory Analytics Market - Macro Economic Scenario
5. In-Memory Analytics Market Size And Growth
……
26. Africa In-Memory Analytics Market
27. In-Memory Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The In-Memory Analytics Market
29. In-Memory Analytics Market Future Outlook and Potential Analysis
30. Appendix
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