"The
Report Global In-memory OLAP Database Market 2016-2020 provides
information on pricing, market analysis, shares, forecast, and
company profiles for key industry participants. -
MarketResearchReports.biz"
The
global in-memory on-line analytical processing (OLAP) database market
has been anticipated by expert analysts to rise at a CAGR of 24.95%
between 2016 and 2020, according to a report added by
MarketResearchReports.biz. The report is titled as “Global
In-Memory OLAP Database Market
2016-2020.” The analysts have foreseen the market to witness a
positive impact on the back of an elevating adoption of the
technology in small and medium-sized enterprises (SMEs). One of the
reasons for this rise in the adoption of OLAP database among SMEs
could be the advantage of cheaper operating costs and speed
processing.
However,
factors such as hardware specification requirements have been
predicted to cause a hindrance in the growth path of the world
in-memory OLAP database market. Nonetheless, the researchers have
studied the market to offer opportunities, such as the trend where
columnar database can be processed in parallel, to rise above the
odds. The benefit of faster processing can be easily achieved with
the implementation of parallel processing where data is stored in
columns. This also helps to make the best use of disk storage space
as column data storage brings down the quantity of data to be loaded.
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The
geographical analysis of the global in-memory OLAP database market
includes key regions such as the Middle East and Africa, Europe, Asia
Pacific, and the Americas. The developed nations of North America
such as Canada and the U.S. have been prognosticated to help the
Americas attract a towering demand while riding on the presence of
top-tier enterprises such as Google, Yahoo, Amazon, and eBay. In
2015, the Americas had been evaluated by the report authors to rake
in a handsome revenue share. This dominance of the region could
continue until the end of the forecast period. Less developed nations
such as Argentina, Chile, Mexico, and Brazil could see a propelling
growth due to the employment of the OLAP technology in sectors such
as telecom and IT.
The
retail ecommerce industry has been prophesied to account for an
impressive share in the end user in-memory OLAP database market due
to the rising sales volume witnessed. With a view to acquire a large
amount of data through extracting and processing in real time, retail
ecommerce businesses could implement OLAP at a telling rate.
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Some
of the leading companies that have been envisaged to make a mark in
the international in-memory OLAP database market are SAP SE, Oracle,
Microsoft, IBM, and Altibase. Smaller companies operating in the
market could gain traction on the basis of product differentiation
and factors such as flexibility, customer services, features,
software license support, training and product price. However, the
top players have been envisioned to still dominate the market with
larger shares.
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