In-Memory Analytics Market Worth $10.85 Billion, Globally, by 2027 at 24.4% CAGR

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The latest technological advancements in in-memory analytics and processing vast volumes of data will foster market growth. The in-memory processing is the next game-changer in data analytics and Business Intelligence (BI). With companies dealing with terabytes of data, it is crucial to invest in technology that can quickly process large data sets. In-memory processing is the processing of data using RAM or flash memory. It is an upcoming technology, that is substituting disk-based processing since it is adaptable to the demands of BI and data analytics. The benefits attained is speed. The bottlenecks obtained while working with disk-based processing are eliminated when working with RAM or flash memory.  Therefore, business sectors can investigate large datasets in real-time, which provides better insights from data analytics.

The concept of high -performance memory at a low cost per bit will pave the way for lucrative opportunities in the market. The Hybrid memory system is required, which combines a small amount of Dynamic Random-Access Memory (DRAM) in in-memory analytics with a large share of stored memory. To implement the hybrid memory system, smart management techniques are required. The management is handled by hardware, without the need for software or operating system. This is different from heterogeneous systems where software manages the data settlement and movement between various rows of memory. Rambus built a   modular hardware platform to allow research on smart management techniques that exhibit performance comparable to that of pure DRAM systems. The enhanced security and scalability with the use of Cloud-based In-Memory Analytics is achieved. Cloud computing offers access to secure, scalable computational resources. Cloud analytics is quite reliable than on-premise systems in times of the data breach. A security issue detected can be within hours or minutes with Cloud security. The data is more trusted, confidential, and secure with cloud computing. The major players in the market are SAP (Germany), Oracle (US), Kognitio (UK), MicroStrategy (US), SAS Institute (US), ActiveViam (UK), IBM (US), Information Builders (US), Hitachi (Japan), Software AG (Germany).