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Classified in: Science and technology
Subject: MRR

In-memory Data Grid Market Size to Grow by USD 1.51 Billion | Growth of Big Data to Drive Growth| Technavio


NEW YORK, May 16, 2022 /PRNewswire/ -- The in-memory data grid market growth will be led by North America. The region will account for 38% of the market's growth during the forecast period. The market size is anticipated to grow by USD 1.51 billion from 2021 to 2026, and the growth momentum of the market will witness a CAGR of 11.65% during the forecast period.

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Read the report with TOC on "In-memory Data Grid Market Analysis Report by Deployment (On-premise and Cloud) and Geography (North America, APAC, Europe, South America, and Middle East and Africa), and the Segment Forecasts,2022-2026". View our Report Snapshot 

Driver and Challenge

The growth of big data is driving the growth of the global in-memory data grid industry growth. Most businesses and consumer-based applications generate large amounts of structured and unstructured data. This collected data is stored in data center storage infrastructure. Some data is also stored on-premise at the enterprise location. This data is used to derive insights, which help enterprises make crucial operational and managerial decisions. Big data analytical software is used to identify trends and patterns. A major driver for the increasing volume of data is the growth of the ecosystem of interrelated computing devices, objects, and machines, which do not need human intervention. Thus, there is a need for big data, which will, in turn, drive the demand for in-memory data grids globally during the forecast period.

Maintaining data security is challenging the growth of the global in-memory data grid market. The existing security applications are unable to protect the large volumes of data sets and manage dynamic and continuous data streams, which are used for big data analysis. Enterprises have been the targets of cyberattacks over the past few years. Thus, enterprises must ensure the security of their devices and applications, which will safeguard the data in the event of a network breach. The exposure of even one device in the network to the attackers can cause a severe data breach. This will restrict the market growth during the forecast period.

Major In-memory Data Grid Companies

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In-memory Data Grid Market Deployment Outlook (Revenue, USD bn, 2021-2026)

In-memory Data Grid Market Geography Outlook (Revenue, USD bn, 2021-2026)

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Regional Analysis

North America will have the highest market share growth during the forecast period. The rapid adoption of big data, due to the need to reduce operating expenses, will drive the growth of the in-memory data grid market in North America during the forecast period. Moreover, market growth in this region will be faster than the growth of the market in the Middle East and Africa. The US is a key country for the in-memory data grids market in North America.

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In-memory Data Grid Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.65%

Market growth 2022-2026

USD 1.51 billion

Market structure

Fragmented

YoY growth (%)

11.11

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

GigaSpaces Technologies Ltd., Alachisoft, GridGain Systems Inc., Hazelcast Inc., Hitachi Ltd., International Business Machines Corp., Kinetica DB Inc., Oracle Corp., PARIS Technologies International Inc., Red Hat Inc., Redis Inc., ScaleOut Software Inc., SingleStore Inc., Software AG, Splice Machine Inc., The Apache Software Foundation, TIBCO Software Inc., TmaxSoft Inc., and VMware Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Deployment

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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