In-memory Database Market to Reach USD 30.4 billion by 2031: Growth opportunities, Trends, Industry Analysis, and Forecast

Machine learning expansion with adoption of IoT (Internet Of Things) and BYOD (Bring Your Own Device) trends, increase in volume of data, and self-service BI tools are majorly driving the growth of the In-memory database market. However, data security and privacy concerns hinder the global market growth. On the other hand, improved scalability and security with cloud-based in-memory analytics present new opportunities for the market in the future.

According to the report, the global in-memory database industry generated $5.3 billion in 2021, and is estimated to reach $30.4 billion by 2031, witnessing a CAGR of 19.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/31947

COVID-19 scenario:

➢ The in-memory database market witnessed unconstructive expansion during the first half of 2020. The global lockdown during the COVID-19 pandemic caused media houses, offices, and the manufacturing divisions to shut down.

➢ However, the demand for in-memory database is expected to gain steady traction over the coming years, owing to the need for scalable and customized software.

➢ The growing health awareness among individuals directed various doctors and healthcare workers to deliver their services over applications. This factor is anticipated to contribute to the market growth in the future.

Based on deployment model, the on premise segment was the largest in 2021, occupying more than half of the overall in-memory database market share. This is owing to the high data security and less data breach of on premise deployment model as compared to on-demand deployment models. However, the cloud segment is likely to dominate the global market during the forecast period and is expected to grow at the fastest CAGR of 20.5% in 2031, as many companies are deploying cloud IMDB systems to manage data efficiently.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/31947

Based on enterprise size, the large enterprises segment held the largest share of more than half of the global in-memory database market share in 2021, owing to the increase in adoption of in-memory databases replacing the traditional database storage. However, the SMEs segment is expected to dominate the global market in terms of revenue and exhibit the fastest CAGR of 20.6% during the forecast period, owing to the increase in number of SMEs in developing economies in Asia-Pacific including China, Japan, and India.

Based on processing type, the online analytical processing segment held the largest share of nearly three-fifths of the global in-memory database market in 2021, and is expected to maintain a noteworthy growth during the forecast period. This is because online analytical processing is used for various business analysis which include budgeting, planning, data mining and many more. The online transaction processing segment, however, is likely to exhibit the highest CAGR of 20.7% during the forecast period, due to the availability and concurrency offered by online transaction processing. It aids in faster and accurate analytics, making processes simpler for businesses.

Buy Now & Get Exclusive Discount on this Report:  https://www.alliedmarketresearch.com/in-memory-database-market/purchase-options

Based on region, the market in North America held the largest market share in 2021, accounting for more than one-third of the global in-memory database market, and is likely to lead the trail throughout the forecast period. Continuous technological advancements and new inventions are the major factors driving the in-memory database market in the region. The market in Asia-Pacific is anticipated to manifest the fastest CAGR of 21.1% during the forecast period, 2022-2031. This is due to the rise in use of IoT, AI, and emerging technologies in Asia-Pacific. The other regions discussed in the report are Europe and LAMEA.

Key players in the industry

➢ Altibase Corporation

➢ Couchbase, Inc.

➢ DataStax, Inc.

➢ GridGain Systems, Inc.

➢ International Business Machine (IBM)

➢ Microsoft Corporation

➢ McObject LLC

➢ Oracle Corporation

➢ Redis

➢ Raima, Inc.

➢ SingleStore, Inc.

➢ SAP SE

➢ TIBCO Software, Inc.

➢ Teradata Corporation

➢ Vmware, Inc.

➢ Volt Active Data

Inquiry Before Buying:  https://www.alliedmarketresearch.com/purchase-enquiry/31947

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:



Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.