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Overview of the distributed data grid market
A distributed data grid is a data storage software and enables different kinds of data processing by storing both structured and unstructured data. The improved performance, scalability, and high market responsiveness of distributed data grid technologies have driven its demand especially in the BFSI, retail and government sectors. The report predicts that the distributed data grid market would pick traction in the next five years with a growth rate of around 36%.
The emergence of internet of things (IoT) is also driving the growth of the market. The IoT connects devices with the help of inbuilt sensors and embedded systems and the data collected can be tracked and analyzed to provide personalized and highly automated solutions to clients. Distributed data grids can be used to track and analyze data in real-time thus helping to detect trends and insights in a specific market.
Vendor landscape of the global distributed data grid market
The distributed data grid market provides an opportunity for companies of in-memory computing software. The emergence of big data has been the primary driver for the growth of this market.
The leading vendors in the market include: -
Other prominent vendors in the market are Alachisoft, GigaSpaces, Hazelcast, and ScaleOut Software.
Segmentation of the distributed data grid by end users
The BFSI sector was one of the early adopters of distributed data grid technologies due to the heavy computing demands of the industry such as automated trading and forex trading. Distributed data grids offer high capacity storage and faster processing speeds than traditional disk-based storage, hence the demand from this sector.
Retailers like e-commerce companies are also big users distributed data grid technologies as they can handle fast-changing customer data. For instance, when a consumer places an order on an e-commerce system, the company store the information and interacts with other systems to process the customer orders. Here, the data grid technology ensures fast responses to the requests and scales up as the workload grows by adding servers according to requirement.
Segmentation of the global distributed data grid market by geography
The Americas dominated the distributed data grid market during 2014. The US and Canada are the leading countries within this region. The growth of the market has been driven by high adoption rates of grid computing in industries such as defense, BFSI, retail, and telecommunication. Moreover, most of the leading vendors such as Oracle and SAP are based out of this region.
Source: Technavio, 2015
Key questions answered in the report
Related reports:
PART 01: Executive summary
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by end user
Major end-users
BFSI
Telecommunications
Retail
Government
PART 07: Geographical segmentation
Geographical segmentation
PART 08: Market drivers
Market growth drivers
PART 09: Impact of drivers
PART 10: Market challenges
Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
Competitive scenario
Key vendor analysis 2014
Other prominent vendors
PART 14: Key vendor analysis
IBM
Oracle
Red Hat
Software AG
VMware
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio
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