(PRWEB) August 16, 2014
The report "In memory Computing (IMC) Market [In Memory Data Management, IMDB (Pure, Hybrid, OLAP, OLTP, Relational IMDB, NoSQL IMDB), IMDG, In memory Application Platforms (IMAP)] - Global Advancements, Worldwide Market Forecasts and Analysis -2018", defines and segments the global markets across various sub-segments and regions. In this report, MarketsandMarkets also identifies the drivers and restrains for this market with insights on the trends, opportunities, and challenges.
Browse 102 market data tables and 14 figures spread through 183 pages of the report along with the in-depth TOC.
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In memory computing technology is used for storing data in the main random access memory of the device. It is an easy and inexpensive option than the conventional yet complicated relational database. In memory database technology is highly popular amongst retailers, utilities, customers like banks and other end user businesses. End users like business customers prefer using this technology to detect patterns and analyze massive data in a short while. According to the report, recent drop in the prices is one of the major triggers for the growing global in memory computing market. According to the experts, the global industry for this technology is expected to witness great revolution in terms of technological advancements and increasing presence in different parts of the world.
Before understanding the market trends for this technology, researchers need to do a detailed study of the drivers, threats, segments, opportunities and future challenges in the marketplace. Segmentation is a crucial aspect of any research that assists experts to collect thorough information and draw appropriate conclusions. As far as the segmentation in this market research report is concerned, it is largely based on the types of the technology and its applications to the end users and different business verticals.
According to the report, small and medium businesses and large enterprises are the major end users for the in memory computing market. As far as the industrial verticals are concerned, the industry serves numerous business verticals including retail, banking, finance, telecommunication, government, logistics, transportation and others. Following are the four basic types of in memory database technology:
Market Trends and Forecasting to 2018
In memory computing technology is an entire database stored in the RAM. This feature reduced numerous complexities attached with data storage including low requirement for physical storage space and latency in analysis. This basic function of the aforementioned technologies is paired with technological advancements like multi-core processors and rising demand for parallel computing. According to the report, all these factors contribute to the growing demand for the in memory computing technology. According to the latest market trends observed by the experts, the global industry is expected to grow at an estimated CAGR of 43%. At this rate, the market will reach $13.23 billion by the end of 2018.
Although introduced in the 20th century, the global market has showed a very slow progress in terms of adopting this technology. However, the scenario is changing with recent technological advancements and steeping prices in global marketplace.
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