Global In-Memory Data Grid Market 2024-2028
The in-memory data grid market is forecasted to grow by USD 1510 mn during 2023-2028, accelerating at a CAGR of 11.64% during the forecast period. The report on the in-memory data grid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of big data, need for relational based data model and database, and high throughput with real-time handling.
Technavio's in-memory data grid market is segmented as below:
By Deployment
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the adoption of blockchain solutions as one of the prime reasons driving the in-memory data grid market growth during the next few years. Also, rise in strategic partnerships and acquisitions and implementation of advanced technologies will lead to sizable demand in the market.
The report on the in-memory data grid market covers the following areas:
- In-memory data grid market sizing
- In-memory data grid market forecast
- In-memory data grid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading in-memory data grid market vendors that include Alachisoft, GigaSpaces Technologies Ltd., 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.. Also, the in-memory data grid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.