In-Memory Database Market: Overview
When compared with the traditional databases the in-memory databases are faster. It is contained within the computer main memory and requires very little instructions for accessing the data for the writing and the reading purposes. In-memory databases are basically used in the big data management and the business analytics in order to attain faster access to data and solve the issues of data storage.
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In-Memory Database Market: Facts
Microsoft has introduced the general availability (GA) of Azure SQL Database In-Memory technologies. The development in the in-memory processing exists only in the Azure Premium database tiers. It offers to provide improved performances in the clustered columnstore indexes, on-line transaction processing (OLTP), and non-clustered columnstore indexes.
In-Memory Database Market: Segmentation
The global market for the in-memory database is fragmented into its data type, application, and vertical. Based on the data type, the global market is segregated into SQL, relational data type, and NEWSQL. Based on the application, the market is categorized into reporting, transaction, and analytics. Based on the vertical, the market is divided into retail, health care, education, public sector, BFSI, telecom, energy, automobile, and others.
In-Memory Database Market: Growth Factors
The main drivers for the in-memory database market are the increased rate of business analytics and the rise in the web-based transactions. The use of the in-memory databases is growing among both the new users and the popular market players. The market for the in-memory databases will witness a strong growth owing to the increasing rate of the technological developments and the growing demand from various industrial verticals that make use of the database. There is an increasing use of the in-memory database solutions in several applications of the analytical and database warehousing. This has increased the adoption of the in-memory database by the various government as well as private organizations. The organizations that are facing the problems of managing the large volumes of data and the database transactions, the in-memory database helps in faster delivering of the data thus propelling the growth of the market. Another factor that will fuel the demand for the in-memory database is the better performance optimization and the transformational business opportunities. Other factors that are increasing the demand for the in-memory database are reduced prices of the RAM resulting in the elimination of the physical storage devices and the growing volumes of big data.
In-Memory Database Market: Regional Analysis
The region that is leading the in-memory database market is the North America owing to the factors such as the rise in the demand for the product in the business organizations and the increase in the utilization of the advanced technologies. North America is followed by the Western Europe. The market is expected to have a strong growth in the future years in the Asia Pacific region.
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In-Memory Database Market: Competitive Players
The key market players that are involved in the in-memory database market include Oracle Corporation, Teradata Corporation, VoltDB Inc., Microsoft Corporation, Software AG, IBM Corporation, Amazon Web Services, SAP SE, Altibase Corp., and Tableau Software.
In-Memory Database Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa