Global In-Memory Database Market

  • 4100.00 Dollar US$
  • Published date: July 31, 2020
    • Pune, Maharashtra, India [ Ads Views - 27 ]

Global In-Memory Database Market is expected to reach US$ XX Bn by 2026 at a CAGR of XX % during the forecast period. In-memory databases are primarily used in big data management and business analytics where there is a need for storage and fast data access. In-memory databases are faster as compare to traditional databases. An in-memory database is a part of the computer main memory and needs just fewer instructions to access the data for writing and reading. Another advantage of an in-memory database system is its application in real-time embedded systems which are highly resource-constrained which have low processor computational capabilities and require small memory. Furthermore, A massive amount of data being generated from various industries, falling RAM prices, faster data processing are some of the major driving factors expected to propel the in-memory database market around the world. However, Lack of standards and memory space constraints are some of the restraining factors that may hinder the growth of the in-memory database market. The data security concerns and volatile nature of memory are some of the stumbling blocks in the adoption of in-memory database solutions. In applications, the transaction segment is expected to hold the larger market size during the forecast period, due to the rising e-commerce industry uses non-cash payments mode across the world increasing the transaction application, in the market.

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