Key vendors are offering software tools that provide real-time analysis of data to increase sales
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global in-memory OLAP database market in their latest research report. This report also lists 10 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of software tools to the following are the end-users.
- Retail sector: It provides structured analytics driven approach to analyze the performance of supply chain and operations, managing their workforce, and identifying key risks.
- BFSI sector: It helps organizations gain access to their customers’ names, addresses, and preferences for certain products and services.
This Technavio report, under enterprise application vertical, is based on the synthesis, analysis, and interpretation of information about the global in-memory OLAP database market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The players in the market are offering solutions for transactional and analytical processing of a large amount of data. The companies are providing technology to various end-users that enables them to process and analyze a massive amount of data for better decision making, continuous improvements, and other benefits. The vendors are competing on the basis of pricing, training, support for the software license, features, customer service, and flexibility. The competition in the market is very intense due to the presence of various international and regional players. The manufacturers are offering 64-bit hardware and operating systems that enable organizations to store a large amount of data in less space, which improves storage utilization and operational efficiency. The companies are introducing products with unique features and improving their delivery models to sustain the competition in the market. The introduction of features like secured data exchange between server and client without any third-party exposure, improved functionality support for multiple languages, database objects, and tools will help the companies expand their consumer base.
“The vendors are offering parallel processing which makes reading and writing of data easier. Column storage of data reduces the amount of data to be loaded from the storage which subsequently helps in reducing the disk storage space. Multiple operations like parallel processing and storing data in columns is performed simultaneously and at a faster speed. This helps in reducing the access of non-relevant data, while the queries can be processed at a quicker rate,” says Ishmeet K, a lead analyst at Technavio for research on enterprise application.
Top five vendors in the in-memory OLAP database market space
Altibase
The company focuses on high power transactional processing through RAM accompanying its disk-resident database in a single database solution. It also provides support for a variety of SQL standards and programming languages, and other functionalities include data import and export, data encryption for security, multiple data access command sets, materialized view and temporary tables. Recently, the company formed a strategic partnership with Ericpol to challenge global ICT market.
Key products: ALTIBASE HDB.
IBM
The company offers a broad range of products like computer hardware, middleware, software, and custom-designed microchips and also provides infrastructure, hosting, and consulting services ranging from mainframe computers to nanotechnology. It markets advanced technologies such as business intelligence, data analytics, security services and cloud computing. In recent times, the company acquired Star Analytics to provide faster access and real-time analysis of data.
Key products: IBM DB2.
Microsoft
Microsoft offers computer software, personal computers, gaming consoles, tablets, and consumer electronics and services apart from providing licenses and support for the products. It also provides consulting and product solution support services for which it trains and certifies computer system integrators and developers. Recently, the company announced the acquisition of Metanautix, a big data analytics company.
Key products: Microsoft SQL Server Analysis Services.
Oracle
The company offers products with its own database management systems for which it develops and builds tools for enterprise resource planning software, customer relationship management software, and supply chain management software. In recent times, the company offers Oracle 12c, which is capable of providing cloud services with Oracle Database.
Key products: Essbase.
SAP SE
The company designs and provides enterprise software and services for its clients across different industries such as retail, manufacturing, energy and natural resources, travel and transportation, financial and public services. It offers solutions that performs predictive analytics, text analytics and search, and spatial data and graphical data processing. Recently, the company released the latest version of HANA Support Package Stack 11 (SPS11), which is focused toward providing robustness and predictive analytics.
Key products: SAP HANA.
Other prominent vendors in this market include Exasol, Jedox AG, Kognitio, Mcobject, MemSQL, MicroStrategy, SAS Institute, Teradata, Terracotta, and VoltDB.
A more detailed analysis is available in the Technavio report, Global In-Memory OLAP Database Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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Browse related reports:
- Global Database as a Service Market 2016-2020
- Global In-memory Computing Market 2016-2020
- Global Software Defined Storage Market 2016-2020
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