The global relational in-memory database market experienced significant growth in 2020 and is projected to continue growing at a double-digit revenue compound annual growth rate (CAGR) throughout the forecast period. This growth is primarily attributed to several key factors.

Firstly, there is an increasing adoption of relational in-memory databases across various industries to efficiently collect, store, and access big data. Industries such as banking, telecommunication, retail, healthcare, automobiles, and education are recognizing the benefits of in-memory databases for handling large volumes of data effectively.

Secondly, the demand for in-memory relational databases is growing due to the expansion of web applications, the rise in business analytics, and the need for efficient database warehousing. The proliferation of online transactions and the presence of a well-established IT sector further contribute to the increasing demand for relational in-memory databases.

Thirdly, the global market is driven by the growing usage of advanced technologies by consumers worldwide. As technology becomes more integrated into everyday life, the need for efficient and real-time data processing becomes crucial, leading to an increased demand for in-memory databases.

Lastly, the reduced prices of random access memory (RAM) play a significant role in driving the demand for relational in-memory databases. Lower RAM prices make these databases more affordable and accessible to businesses of all sizes, contributing to market growth.

Get a sample copy of the Relational In-Memory Database industry report, visit @ https://www.reportsanddata.com/download-free-sample/4780

Rising demand and adoption: Various industries such as banking, telecommunication, retail, healthcare, automobiles, and education are generating large amounts of data. This has led to an increased demand for relational in-memory databases, which can efficiently store, organize, and access data.

Real-time processing: There is a growing need for analyzing and rapidly accessing data in real time to enhance application performance. Relational in-memory databases offer faster retrieval and organization of large database transactions compared to traditional databases, which has contributed to their adoption.

Benefits over traditional databases: Increasing awareness about the advantages of relational in-memory databases has fueled their market growth. These databases offer faster transaction processing and data retrieval, leading to improved performance.

Types of relational in-memory databases: Relational in-memory databases encompass various types, including relational, NoSQL, and NEWSQL databases. This provides flexibility for different data storage and processing needs.

Faster transaction and data processing: The increasing demand for relational in-memory databases is driven by the need for faster transaction processing and data analysis. These databases enable efficient handling of web-based transactions, leading to improved performance and user experience.

Falling RAM prices: The declining prices of Random Access Memory (RAM) have made in-memory databases more cost-effective. This has made them more accessible to businesses of various sizes and contributed to market growth.

Data Type Outlook (Revenue, USD Billion; 2018 – 2028)

·       Relational

·       NoSQL

·       NEWSQL

Application Outlook (Revenue, USD Billion; 2018 – 2028)

·       Transaction

·       Reporting

·       Analytics

·       Others

Processing Type Outlook (Revenue, USD Billion; 2018 – 2028)

·       Online Analytical Processing (OLAP)

·       Online Transaction Processing (OLTP)

Inquiry Before Buying @ https://www.reportsanddata.com/inquiry-before-buying/4780

Regional Markets Highlighted in the Global Relational In-Memory Database Market Report:

·       North America

o   U.S.

o   Canada

o   Mexico

·       Europe

o   Germany

o   U.K.

o   Italy

o   France

o   BENELUX

o   Rest of Europe

·       Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Rest of Asia Pacific

·       Latin America

o   Brazil

o   Rest of Latin America

·       Middle East & Africa

o   Saudi Arabia

o   U.A.E.

o   South Africa

o   Rest of Middle East & Africa

Top Companies Profiled in the Report:

Microsoft Corporation, McObject, IBM Corporation, Oracle, SAP SE, Teradata, Altibase Corporation, Amazon Web Services, Tableau, Kognitio, DataStax, ENEA, and VoltDB.

Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/4780

Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.

Explore More Industry Research by Reports and Data:

Pad Mounted Switchgear Market - https://www.reportsanddata.com/report-detail/pad-mounted-switchgear-market

Power over Ethernet (POE) Lighting Market - https://www.reportsanddata.com/report-detail/power-over-ethernet-poe-lighting-market

Terrestrial Laser Scanning (TLS) Market - https://www.reportsanddata.com/report-detail/terrestrial-laser-scanning-market

Automotive Diagnostics Market - https://www.reportsanddata.com/report-detail/global-automotive-diagnostics-market

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse More ICT Industry Related Reports @ https://www.reportsanddata.com/report/category/information-technology

Browse More Automotive and Transportation Industry Related Reports @ https://www.reportsanddata.com/report/category/automotive-services

Browse More Banking, Financial Services & Insurance (BFSI)  Industry Related Reports @ https://www.reportsanddata.com/report/category/bfsi

Browse More Defence And Space Industry Related Reports @ https://www.reportsanddata.com/report/category/defence-and-space