SAN FRANCISCO, January 8, 2015 - SingleStore, a leading provider of in-memory database solutions, today announced that it has been identified as a representative vendor in the Gartner "Market Guide for In-Memory DBMS" report. SingleStore was named as one of the most visible in IMDBMS vendors, evaluated for its primary use case, Operational HTAP. SingleStore is making the report available from its website at singlestore.com.
The In-memory DBMS market momentum will accelerate through 2015 and 2016. Download the Gartner Market Guide - Click to Tweet
“From the beginning, we built SingleStore to serve the needs of the modern enterprise, specifically the ability to merge transactions and analytics into a single database system,” said Eric Frenkiel, CEO and co-founder, SingleStore. “We are thrilled that Gartner has identified this segment as hybrid transaction and analytical processing, or HTAP for short,” he continued. “We believe this real-time ability to aggregate and report on real-time data has helped our customers separate themselves from the pack,” he added.
Gartner predicts “that the IMDBMS market momentum will accelerate through 2015 and 2016,” noted Roxane Edjlali, Research Director, Ehtisham Zaidi, Contributing Analyst and Donald Feinberg, vice president and Distinguished Analyst at Gartner in the report, “Market Guide for In-Memory DBMS.” They continued, “The growing number of high performance, response-time critical and low-latency use cases (such as real-time repricing, power grid rerouting, logistics optimization), which are fast becoming vital for better business insight, require faster database querying, concurrency of access and faster transactional and analytical processing. IMDBMSs provide a potential solution to all these challenging use cases, thereby accelerating its adoption.”
Gartner is “seeing the emergence of a new class of In-Memory Computing solutions that we call Hybrid Transactional and Analytical Processing (HTAP), supporting both analytical and transactional workloads.” In a complementary report titled “Hybrid Transaction/Analytical Processing Will Foster Opportunities for Dramatic Business Innovation,” by analysts Massimo Pezzini, Donald Feinberg, Nigel Rayner, and Roxane Edjlali, Gartner identified how HTAP architectures address the four major drawbacks of traditional approaches.
In the “Market Guide for In-Memory DBMS” report, analysts Roxane Edjlali, Ehtisham Zaidi, Donald Feinberg state that, “HTAP will enable business leaders to perform, in the context of operational processes, much more advanced and sophisticated real-time analysis of their business data than with traditional architectures.”
SingleStore enables companies to merge real-time and historical Big Data analytics with its distributed in-memory database. SingleStore instantly accesses data through a familiar SQL interface on a horizontally scalable architecture using commodity hardware across on-premises or cloud deployments.
Innovative enterprises with data intensive environments use SingleStore to accelerate insights, extract previously untapped value in their data, and drive new revenue opportunities. Based in San Francisco, SingleStore is a Y Combinator company funded by Accel Partners, Khosla Ventures, First Round Capital, and Data Collective.
Follow SingleStore @SingleStoreDB or visit at www.singlestore.com.
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Gartner Hybrid Transaction/Analytical Processing Will Foster Opportunities for Dramatic Business Innovation By Analyst(s): Massimo Pezzini, Donald Feinberg, Nigel Rayner, Roxane Edjlali Published: 28 January 2014