In-Memory Analytics Market By Component (Software, Services), By Application (Sales & marketing optimization, Supply chain optimization, Product & process management, others), By Organizational Size (SMBs, Large Enterprises), By Industry Vertical, By Geographic Scope & Forecast
In-Memory Analytics Market Size And Forecast
In-Memory Analytics Market was valued at USD 1.89 Billion in 2019 and is projected to reach USD 10.85 Billion by 2027, growing at a CAGR of 24.4% from 2020 to 2027.
Global In-Memory Analytics Market Competitive Landscape
The Global In-Memory Analytics Market study report will provide a valuable insight with an emphasis on the global market. 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). The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Global In-Memory Analytics Market Overview
The increased implementation of Real-Time Analytics to track the digital transformation is the crucial aspect of the rise in the market revenue of In-Memory Analytics. One of the unnoticed factors in successful digital transformation journeys is the incorporation and use of real-time data and analytics to start metrics and track progress. This aspect is quite important because research studies have found out that 70% of companies fail in the establishment of the digital transformation process. For companies to achieve victory in digital transformation, they need to change the metric system. This is done by the executive department, which utilizes the metrics to measure company performance. The parameters should be specific and should include the rate of operationalization of the ongoing projects, the amount being invested in the plans, the participation of data links and sources, and the merging of the entities. To make robust adjustments, the metrics must be based on Real-time data. The necessity of Real-time data ensures these types of metrics can be precise and informative to the business. The benefits obtained of such a plan and amalgamation of real-time digital transformation metrics can thus be thoughtful. Digital transformation is now imperious for companies globally.
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