Lucintel Forecasts In-Memory Data Grid Market to Grow at a CAGR of 10% to 12% from 2021 to 2026

According to the recent study the In-memory Data Grid Market is projected to grow at a CAGR of 10% to 12% from 2021 to 2026. Growth in this market is primarily driven by increasing need for distributed architecture to enhance the limited storage capacity of the main memory and eliminating the need for relational data model and database.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in in-memory data grid market by application (transaction processing, fraud and risk management, supply chain optimization, sales and marketing optimization), end use industry (banking, financial services, and insurance, media and entertainment, consumer goods and retail, healthcare and life sciences, manufacturing, telecom and it, transportation, logistics, others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Transaction processing market is expected to remain the largest segment during the forecast period.”

Based on application, the in-memory data grid market is segmented into transaction processing, fraud and risk management, supply chain optimization, sales and marketing optimization. Lucintel forecasts that the transaction processing market is expected to remain the largest segment due to various industries have undertaken initiatives for digital transformation, which has led to an increase in transactional applications.

“Within the in-memory data grid market, the BFSI segment is expected to remain the largest end use industry.”

Based on end use industry the BFSI segment is expected to witness the highest growth over the forecast period due to growing digitalization of banking services.

“North America will dominate the in-memory data grid market in near future.”

North America will remain the largest region over the forecast period due to high concentration of large multinational companies.

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Major players of in-memory data grid market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. IBM, Oracle, Red Hat, Software AG, Pivotal, Hitachi, Hazelcast, TIBCO, GridGain, ScaleOut Software, GigaSpaces, Alachisoft, and TmaxSoft are among the major in-memory data grid providers.

This unique 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 click on this link https://www.lucintel.com/in-memory-data-grid-market.aspx or helpdesk@lucintel.com.

About Lucintel

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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