|By Business Wire||
|December 17, 2013 09:17 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/r3w8qk/global_inmemory) has announced the addition of the "Global In-memory Computing Market 2014-2018" report to their offering.
The analysts forecast the Global In-Memory Computing market to grow at a CAGR of 43.86 percent over the period 2014-2018. One of the key factors contributing to this market growth is the rapid data explosion in networks. The Global In-Memory Computing market has also been witnessing the rise in demand from SMEs. However, the data security issues and lack of confidence could pose a challenge to the growth of this market.
The key vendors dominating this market space are IBM Corp., Oracle Corp., QlikTech Inc., and SAP AG.
Other vendors mentioned in the report are Altibase Corp., GridGain Systems Inc., Microsoft Corp., ScaleOut Software Inc., and Tibco Software Inc.
Commenting on the report, an analyst from the team said: In-memory computing supports the growth of a company and helps it gain competitive advantage by streamlining business processes and improving operational efficiency. In-memory computing is one of the most valuable assets for SMEs as it involves storing business information in the random access memory of servers rather than storing information in relational databases on traditional hard disks. The declining cost of random access memory and maturing software systems are making it easier for SMEs to adopt in-memory computing.
According to the report, one of the major drivers is the rapid explosion of data in enterprise networks, leading to a high demand for in-memory computing. With huge blocks of data being accessed and computed, the demand for high-performance computing is increasing considerably.
Further, the report states that data security issues and lack of confidence constitutes one of the major challenges in this market. Concern about data security is one of the major challenges confronting the market. Enterprises are always concerned about data security and related issues when using in-memory computing applications. This concern is greater when the tool is installed using SaaS-based solutions. During the deployment of SaaS-based in-memory computing technology, the data resides in the cloud servers of vendors, increasing security concerns.
For more information visit http://www.researchandmarkets.com/research/r3w8qk/global_inmemory
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