In-Memory Analytics Market Worth $6.62 Billion By 2025 | CAGR: 23.8%

November 2017 | Report Format: Electronic (PDF)

The global in-memory analytics market is expected to touch USD 6.62 billion by 2025, according to a study conducted by Grand View Research, Inc. The advancements in technology and the need for cost efficiency have increased the adoption of in-memory analytics. In-memory analytics includes various applications such as customer experience management, design & innovation, operational optimization, marketing management, real-time analysis & decision-making, and others. These solutions not only enable enterprises to increase their operational efficiency, but they also assist them in reducing expenses.

For the in-memory analytics market to work successfully, seamless connectivity is one of the most important prerequisites. The presence of a strong wireless connectivity infrastructure in regions such as North America has facilitated the widespread adoption of in-memory analytics. Hence, this regional market is expected to see substantial growth in 2017. Additionally, the presence of prominent in-memory analytics market companies such as SAS Institute, Kognitio, Qlik, SAP SE, and IBM, among others, is estimated to boost the growth prospects of the in-memory analytics market.

While the rising number of in-memory analytics devices are propelling the market growth, there has also been significant concerns over data privacy and data security. As there has been a significant increase in cyber-attacks around the world, the need to safeguard the end user from a potential attack would play an essential role in determining the growth of the in-memory analytics market.

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Further key findings from the study suggest: 

  • Healthcare is the fastest growing vertical at a CAGR of 25.0%. The need for providing real-time insights would prove to be essential for the growth of the segment.

  • Small & Medium Enterprises (SMEs) are expected to grow at a higher CAGR of 29.0% over the forecast period.

  • Benefits such as cost optimization, operations management, and strategic-decision making are expected to drive the growth of the in-memory analytics market.

  • Customer experience management enabling customers with customized products and services, is expected to grow at the CAGR of 24.8% over the forecast period.

  • The North American region is currently leading in the market and the trend is expected to continue over the forecast period.

  • The primary reasons behind the growth of North American region are the early adoption of the technology and the presence of leading market players.

  • Prominent players operating in the in-memory analytics market include Oracle, SAP SE, MicroStrategy Inc., International Business Machines (IBM), Software AG, among others.

Grand View Research has segmented the global in-memory analytics market on the basis of application, end-use, vertical and region:

Application Outlook (Revenue, USD Million; 2014 - 2025)

  • Customer Experience Management

  • Design & Innovation

  • Operational Optimization

  • Marketing Management

  • Real-Time Analysis and Decision-Making

  • Others

End-Use Outlook (Revenue, USD Million; 2014 - 2025)

  • SMEs

  • Large Enterprises

Vertical Outlook (Revenue, USD Million; 2014 - 2025)

  • BFSI

  • Retail & E-commerce

  • Government & Defense

  • Healthcare

  • Manufacturing

  • Telcos & ITES

  • Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • China

    • Japan

  • Latin America

  • Middle East & Africa (MEA)

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