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In-memory Data Grid Market Insight
An in-memory data grid (IMDG) is a customary of clustered or networked computers that combine their random-access memory to stakeinformation with other applications successively in the cluster. It stores large amount of data and distributes in-memory data store. IMDGs are built for data processing at extremely high speeds and designed for running and building large-scale applications that are essential more RAM, which exists in a single computer server. This allows the highest application presentation by consuming RAM along with the handling power of multiple computers. IMDGs are especially useful for big parallel handling applications on huge data sets.
Impact of COVID-19 on In-memory Data Grid Market:
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The factor influencing the market such as reducing the need for relational based data model and database is driving the growth ofin-memory data grid market. With the help of distributed architecture, organizations can enhance limited storage capacity of the main memory which save cost, driving the demand for in memory data grid market. Increasing technological progression in memory grid and its acceptance in business verticals is increasing the demand for in-memory data grid market. However, disappointment of systems or components results in loss of stored data which hinders the growth of the market. Contrarily, with the in-memory data grid organizations havereach high throughput with real-time handling and also progress the routine of analytical applications is driving the demand for in memory data grid market in the forecasted years.
Increasing demand for IMDG in industry verticals
IMDGs are used throughout a wide spectrum of vertical industries in applications as diverse as risk analytics, trading systems, bio informatics, eCommerce, or online gaming. Essentially every project that struggles with scalability and performance have benefits from in-memory processing and IMDG architecture, driving the demand for in memory data grid market.
Technology advancement in IMDG market
Recent development in IMDG is transactional ACID support. It involved 2-phase-commit (2PC) protocol that is used to confirm data consistency within cluster. Different IMDGs have dissimilaroriginalsecuringdevices, but usually more progressiveapplications will deliver concurrent securing mechanisms such as (MVCC) multi-version concurrency controland decrease network load to a least, hence assuring transactional ACID reliability with very high presentation. Dissimilar products deliver different 2PC optimizations, but generally the drive of all optimizations is to upsurge concurrency, minimize network overhead, and decrease the number of hairs a businessneeds to ample.
Key benefits of the report:
In-memory Data Grid Market Report Highlights
Aspects | Details |
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By Component |
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By Deployment Mode |
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By Enterprise Size |
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By Application |
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By Industry Vertical |
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By Region |
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Key Market Players | Alachisoft, Software AG, GigaSpaces Technologies Inc., IBM Corporation, Red Hat, Inc., Hazelcast IMDG, TIBCO Software Inc., ScaleOut Software, Oracle Corporation, GridGain Systems, Inc. |
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