Distributed Data Grid – Technavio Publishes Market Analysis & Forecast

LONDON–(BUSINESSWIRE)–

IBM, Oracle, and Red Hat are three key vendors highlighted in a new Technavio report

Technavio has published a new report on the global distributed data grid market, which is expected to grow at a CAGR of more than 35% from 2015-2019.

Distributed data grid market segmentation including end-user and geography

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different end-users, including BFSI, telecommunications, retail, and government.

Additionally, analysts have segmented market projections by key geography, focusing on the Americas, EMEA, and the APAC region.

The new report by Technavio also highlights the emergence of IoT, which has created several opportunities for vendors to provide personalized and highly automated solutions to clients.

“Enterprises can use IoT to analyse terabytes of data in a few seconds and respond accordingly. For example, an online retailer can boost its competitive advantage by providing information on some specific products to a customer base on their browsing activity or purchase history,” says Faisal Ghaus, Vice President of Technavio.

Distributed data grid: Market scope and calculation of market size

This report covers the present scenario and growth prospects for the global distributed data grid market from 2015-2019. To calculate the market size, we have used the revenue generated from sale of in-memory data grid software.

Industry analysis includes:

Key Vendors:
- IBM
- Oracle
- Red Hat
- Software AG
- VMware
Market Growth Drivers:
- Growing data volumes
- Increased demand for real-time analysis
Market Challenges:
- Lack of skill sets
- Lack of standards
Market Trends:
- Emergence of cloud technology
- Emergence of IoT