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In 2021’s digital, experience-oriented environment, the ability to get real-time insights from quality data is key for competitive success. Market research shows global streaming analytics growing at a compound annual rate of 25.2% and predicts the market value to jump from $12.5 billion in 2020 to almost $39 billion by 2025.
Trend analysis by global market research company Gartner Inc. indicates that by next year most business systems will have real-time data analysis capabilities. But traditional database systems that store data on disks or solid state drives can’t meet the speed or scale demands of real-time data analysis. This has brought enterprise attention to Redis Labs Ltd., an in-memory open-source database management system long popular with the developer community.