According to a new market report published by Lucintel, the future of the in-memory analytics market looks promising with opportunities in the banking, financial services, and insurance (BFSI), telecommunications and IT, retail and e-commerce, healthcare and life sciences, and manufacturing industries. The global in-memory analytics market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 25% from 2020 to 2025. The major drivers for this market are increasing need for self-service business intelligence and advanced technologies.
To download report brochure, please go to https://www.lucintel.com/in-memory-analytics-market.aspx and click "download brochure" tab from the menu
In this market, in-memory analytics are used for customer experience management, design & innovation, operation optimization, marketing management, real-time analysis, and decision-making in a wide range of industries. Customer experience management will remain the largest segment due to huge demand by enterprises to manage customer requirements and provide customized services. In-memory analytics provides Competitive Advantage to enterprises.
Within the in-memory analytics market, BFSI will remain the largest end use industry during the forecast period due to increasing customer base that requires banking and insurance sector to compiles large amounts of data from many sources.
North America will remain the largest region during the forecast period due to early adopters of in-memory analytics; presence of strong wireless connectivity supports the growth of in-memory analytics.
Oracle, SAP SE, MicroStrategy Inc., International Business Machines (IBM), Software AG, Amazon Web Services, and SAS Institute Inc. are among the major in-memory analytics manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global in-memory analytics market by application, size of organisation, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global In-Memory Analytics Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global in-memory analytics market by application, size of organisation, end use industry, and region as follows:
By Application [$M shipment analysis for 2014 – 2025]:
Customer Experience Management
Design & Innovation
Operation Optimization
Marketing Management
Real-Time Analysis
Decision-Making
Others
By Size of Organization [$M shipment analysis for 2014 – 2025]:
Small and Medium-Sized Businesses (SMBs)
Large enterprises
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Banking, Financial Services, and Insurance (BFSI)
Telecommunications and IT
Retail and eCommerce
Healthcare and life sciences
Manufacturing
Others
.By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.