Lucintel's latest market report analyzed that in-memory data grid provides attractive opportunities in various end use industries, which are banking, financial services, & insurance, media & entertainment, consumer goods & retail, healthcare & life sciences, manufacturing, telecom & IT, transportation, and logistics. The in-memory data grid market is expected to reach $XX billion by 2026 with a CAGR of 10% to 12%. In this market, transaction processing is the largest segment by application, whereas BFSI is largest by end use industry.
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Based on application, the in-memory data grid market is segmented into transaction processing, fraud and risk management, supply chain optimization, sales and marketing optimization. The transaction processing segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to because various industries have undertaken initiatives for digital transformation, which has led to an increase in transactional applications.
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The In-Memory Data Grid Market is marked by the presence of several big and small players. Some of the prominent players offering in-memory data grid include IBM, Oracle, Red Hat, Software AG, Pivotal, Hitachi, Hazelcast, TIBCO, GridGain, ScaleOut Software, GigaSpaces, Alachisoft, and TmaxSoft.
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