![]() On the other hand, improved scalability and security with cloud-based in-memory analytics present new opportunities for the market in the future. However, data security and privacy concerns hinder the global market growth. Machine learning expansion with adoption of IoT (Internet Of Things) and BYOD (Bring Your Own Device) trends, increase in volume of data, and self-service BI tools are majorly driving the growth of the In-memory database market. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario.Äownload Free Sample Report (345 Pages PDF with Insights, Charts, Tables, Figures): ![]() 7, 2022 /PRNewswire/ - Allied Market Research published a report, titled, " In-memory database Market by Application (Transaction, Reporting, Analytics, Others),by Processing Type (Online Analytical Processing, Online Transaction Processing), by Deployment Model (On premise, Cloud), by Enterprise Size (Large Enterprises, SMEs), by Industry Vertical (IT and Telecom, BFSI, Retail and e commerce, Healthcare and life sciences, Government and defense, Manufacturing, Media and entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global in-memory database industry generated $5.3 billion in 2021, and is estimated to reach $30.4 billion by 2031, witnessing a CAGR of 19.3% from 2022 to 2031. ![]() ![]() Region wise, the market is likely to dominate through 2031. Machine learning expansion with adoption of IoT and BYOD trends, increase in volume of data, and self-service BI tools are expected to drive the global in-memory database market. ![]()
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