In a global in-memory OLAP database market report released by Market Research Insights, all the current trends, market drivers and opportunities helpful for key players have been covered in a detailed manner. It has provided the content which would be helpful in providing the live data to help in-memory database companies to make strategies for the future.
With the use of in-memory OLAP, it has become possible to speed-up the loading of data into memory to carry out live calculations and querying. In comparison to traditional relational on-line analytical processing, multidimensional, and hybrid systems, the data loading into memory as well as the running of queries has become faster. Due to the storage of data in the RAM, it is not required for the system to fetch information from a physical file which reduces the number of operations and disk read/write operations.
The report highlighted that market growth will increase significantly in the Asia-Pacific region. Countries such as China, India, and other Southeast Asia regions will see high growth in the coming time. North America and Europe will also contribute to the growth of the OLAP database market to a great extent as the adoption of OLAP database services is increasing in these regions. Other regions covered in the report are South America, the Middle East, and Africa.
Apart from this, it covers the progress of the key players such as Altibas, IBM, Microsoft, Oracle, SAP SE, Exasol, and many other popular names. The increasing use of in-memory OLAP database management services in cryptocurrency exchanges has also been contributing to high growth in this market. Recently, Altibus in-memory database service was adopted by Samsung, China Telecom, China Mobile, POSCO, Hyundai, HP, and E*Trade to ensure its high performance. As per the report, the global in-memory OLAP database market will grow excellently in the next couple of years and would collect a huge profit until 2023.