In-Memory Database Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The in-memory database market is Segmented by Industry Size (Small and Medium, Large), End User (BFSI, Retail, Logistics and Transportation, Entertainment and Media, Healthcare, IT and Telecommunication), and Geography.

Market Snapshot

in memory database market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 19 %

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Market Overview

The In-Memory Database Market was valued at USD 5.19 billion in 2020 and is expected to reach USD 12.12 billion by 2026, at a CAGR of 19% over the forecast period 2021 - 2026. The In-Memory Database Market is considered as the upgraded step after traditional databases. Although the technology has its own drawbacks but it is believed by many that the cons of the technology will soon be outnumbered. Indications of its expansion can be witnessed by increasing adoption of it across various industry verticals.

  • The in-memory database market is being driven by numerous factors, as it is capable of resolving problems of real-time data analytics of Big Data and acceleration of digital transformation for businesses.
  • The data generated by these devices is capable of providing unique data pertaining to individuals that can be leveraged to gain insights, which prove to be game-changers for industries. Smartphones, as well as various trends, like IoT, are majorly contributing to the increasing data production.
  • The wide adoption of these IoT devices across industries, coupled with other trends, like AI and machine learning, is witnessing increased penetration, in order to leverage this data in real time, in-memory databases play a vital role.

Scope of the Report

In-Memory Database Market is being used not only in IT and Telecommunication industry for making use of the technology, but also the industries like BFSI and retail are integrating this into their operations as can be seen via different use cases. All of this has been the consequence of increased adoption of technology which is eventually driven by innovation.

By Industry Type
Small and Medium
Large
By End-user Industry
Telecommunication and IT
BFSI
Logistics and Transportation
Retail
Entertainment and media
Healthcare
Other End-user Industries
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East and Africa

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Key Market Trends

Telecommunication End-User Industry to Hold Significant Market Share

  • The telecommunication industry has been going through some massive operational transformations. The data generated has been increasing, exponentially. One of the major reasons behind this can be the upgrade in telecom technologies and the technology companies coming up with disruptive over-the-top offerings.
  • Telecom operators usually face the problem of scalability at desired throughput. The challenge is to scale new services with the scope of telecommunication expanding from just communication. Integration of In-memory databases helped a USD 60 billion telecom operator to scale up its business 40 times, from serving five million subscribers to 400 million. It also helped them save 90% of the OPEX and boosted transaction throughput by 13 times.

  • In-memory database are not only leveraged by mobile network operators, but also other members of the supply chain, like original equipment manufacturers and infrastructure providers.

  • In-memory database, systems are highly capable of doing management of enterprises on cloud, as they merge the data warehouse with clients’ business applications, thus increasing data throughput. It also provides real-time analytics, which can assist the organizations to foresee many of the issues and solve them beforehand.
 
in memory database market

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North America Region to Hold Significant Share

  • The North American region has been at the helm of many technological developments, and computing has been one of the key drivers. In the market studied, majority of the landscape is dominated by North American players. The legacy of technological development and innovation has been a major driver. Companies, like IBM Corporation, Oracle Corporation, SAP SE, Altibase Corporation, Aerospike Company, Microsoft Corporation, are all based out of the region.
  • The Canadian market is anticipated to take the center stage in the region. As the country includes a considerable number of enterprises in various industrial sectors, such as retail, IT, or any other industry. Even the US industries have a substantial part of their revenue coming from their operations in Canada.
  • The in-memory technology is not a newly-developed technology, however, its adoption across enterprises occurred only recently. Since its adoption has begun fairly recently, the North American region has been a lucrative one for the vendors of the market, and all the major players are looking to flood the market with low price and high-performing offerings.
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Competitive Landscape

The In-Memory Database Market is consolidated. The wide adoption of these IoT devices across industries, coupled with other trends, like AI and machine learning, is witnessing increased penetration.

  • Feb 2019 - Oracle data cloud announced that the media rating council (MRC) granted accreditation to moat analytics, for its ability to detect and filter sophisticated invalid traffic (SIVT), like the ad fraud generated by bot networks in mobile apps.
  • May 2018 - SAP SE has introduced SAP S/4HANA Cloud which is an Intelligent ERP with built-in machine learning and AI capabilities that helps to streamline business processes with simplified user experience. With the S/4HANA Cloud, businesses will be able to notify the latest innovations through quarterly updates, granting them access to the latest innovations in areas such as predictive analytics.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Market Drivers

      1. 4.4.1 Decreasing Hardware Cost

      2. 4.4.2 Increasing Penetration Of Trends Like Big Data And IOT

      3. 4.4.3 Increase In The Volume Of Data Generated And Shift Of Enterprise Operations

    5. 4.5 Market Restraints

      1. 4.5.1 Resilience In Integration With VLDB'S

  5. 5. TECHNOLOGY SNAPSHOT

    1. 5.1 By Type

      1. 5.1.1 Online Transaction Processing (OLTP)

      2. 5.1.2 Online Analytical Processing (OLAP)

    2. 5.2 By Type of License

      1. 5.2.1 Open Source

      2. 5.2.2 Proprietary

      3. 5.2.3 Commercial

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Industry Type

      1. 6.1.1 Small and Medium

      2. 6.1.2 Large

    2. 6.2 By End-user Industry

      1. 6.2.1 Telecommunication and IT

      2. 6.2.2 BFSI

      3. 6.2.3 Logistics and Transportation

      4. 6.2.4 Retail

      5. 6.2.5 Entertainment and media

      6. 6.2.6 Healthcare

      7. 6.2.7 Other End-user Industries

    3. 6.3 Geography

      1. 6.3.1 North America

        1. 6.3.1.1 United States

        2. 6.3.1.2 Canada

      2. 6.3.2 Europe

        1. 6.3.2.1 United Kingdom

        2. 6.3.2.2 Germany

        3. 6.3.2.3 France

        4. 6.3.2.4 Rest of Europe

      3. 6.3.3 Asia Pacific

        1. 6.3.3.1 China

        2. 6.3.3.2 Japan

        3. 6.3.3.3 India

        4. 6.3.3.4 Rest of Asia-Pacific

      4. 6.3.4 Rest of the World

        1. 6.3.4.1 Latin America

        2. 6.3.4.2 Middle-East and Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 IBM Corporation

      2. 7.1.2 Microsoft Corporation

      3. 7.1.3 Oracle Corporation

      4. 7.1.4 SAP SE

      5. 7.1.5 TIBCO Software Inc.

      6. 7.1.6 Aerospike Inc.

      7. 7.1.7 GridGain Systems Inc.

      8. 7.1.8 VMware Inc. (Pivotal Software Inc.)

      9. 7.1.9 Redis Labs Inc.

      10. 7.1.10 Altibase Corp.

      11. 7.1.11 Raima Inc.

      12. 7.1.12 VoltDB Inc.

      13. 7.1.13 Couchbase Inc.

      14. 7.1.14 DataStax Inc.

      15. 7.1.15 McObject LLC

      16. 7.1.16 MemSQL Inc.

    2. *List Not Exhaustive
  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 9. INVESTMENT ANALYSIS

**Subject to Availability

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Frequently Asked Questions

The In-Memory Database Market market is studied from 2018 - 2026.

The In-Memory Database Market is growing at a CAGR of 19% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, TIBCO Software Inc. are the major companies operating in In-Memory Database Market.

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