In-Memory Analytics Global Market Report 2024

Description

“In-Memory Analytics Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on in-memory analytics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for in-memory analytics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The in-memory analytics market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Component: Solution; Service
2) By Organization Size: Large Enterprises; Small and medium Enterprises (SME's)
3) By Deployment Mode: On-premise; Cloud-Based
Companies Mentioned: Amazon Web Services Inc.; Oracle Corporation; Qlik Technologies Inc.; SAP SE; SAS Institute Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

In-memory analytics involves the process of querying data directly from the random-access memory (RAM) of a computer, as opposed to querying data stored on physical disks. This approach leads to quicker query response times, enabling analytic applications and business intelligence (BI) to facilitate faster business decisions. In-memory analytics contributes to an overall acceleration of BI systems, offering business-intelligence users faster responses compared to traditional disk-based business intelligence, especially for queries that typically take a long time to process in large databases.

The primary categories of in-memory analytics are solutions and services. The solution segment includes the sales of in-memory analytics solutions by entities (organizations, sole traders, and partnerships) offering solutions that eliminate the need to copy, store, or relocate data, thereby enhancing data security. The solution provides an in-memory analytics language, RAQL, suitable for analyzing both large and small datasets. Organizations of various sizes, including large enterprises and small and medium enterprises (SMEs), can deploy these solutions on-premise or in a cloud-based environment. Applications for in-memory analytics span diverse areas such as risk management and fraud detection, sales and marketing optimization, financial management, supply chain optimization, predictive asset management, product and process management, and others (including network management and workforce management). These applications find utility across various industries, including BFSI, retail, IT and telecommunications, manufacturing, government and public sector, and other end-user industries.

The in-memory analytics market research report is one of a series of new reports from The Business Research Company that provides in-memory analytics market statistics, including in-memory analytics industry global market size, regional shares, competitors with an in-memory analytics market share, detailed in-memory analytics market segments, market trends and opportunities, and any further data you may need to thrive in the in-memory analytics industry. This in-memory analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The in-memory analytics market size has grown exponentially in recent years. It will grow from $4. 52 billion in 2023 to $5. 66 billion in 2024 at a compound annual growth rate (CAGR) of 25. 1%. The expansion observed during the historical period can be attributed to factors such as complex data structures, an enterprise focus on performance, the necessity for real-time insights, a growing demand for interactive data exploration, and the emergence of advanced analytics.

The in-memory analytics market size is expected to see exponential growth in the next few years. It will grow to $14. 43 billion in 2028 at a compound annual growth rate (CAGR) of 26. 4%. The anticipated growth in the forecast period can be attributed to the increasing expansion of real-time analytics applications, the adoption of in-memory analytics for data lakes, improvements in security and data protection, cross-platform compatibility, and the rise of edge computing and decentralized analytics. Prominent trends expected in the forecast period encompass integration with cloud services, collaboration with IoT analytics, the automation of analytics and machine learning processes, continuous innovation in data storage and processing, and a focus on real-time data processing.

The anticipated growth in the in-memory analytics market is driven by the increasing volume of data. The expanding data volume creates a demand for substantial space in system memory, leading to hindrances and delays in business processes. In response, in-memory analytics is employed to condense data into samples or reduce it to a smaller volume without altering its actual meaning, thereby enhancing query response times. For example, the International Data Corporation (IDC) estimated that 64. 2ZB of data was created or copied in 2020, and projections suggest that the data created in the next five years will be more than twice the volume generated since the inception of digital storage. This surge in data is expected to propel the growth of the in-memory analytics market during the forecast period.

The growing adoption of business intelligence tools is poised to drive the in-memory analytics market forward. Business intelligence tools, which collect, analyze, process, and present business data to support decision-making, utilize in-memory analytics for more efficient data processing, analytics, decision-making, insights, and improved business outcomes. A study by Gartner indicates that companies embracing BI tools experience an average 20% increase in revenue due to enhanced market responsiveness and customer-centric decision-making. Consequently, the increased use of business intelligence tools is expected to contribute to the growth of the in-memory analytics market.

A notable trend gaining popularity in the in-memory analytics market is technological advancement. Companies in this market are focusing on developing advanced technologies to reduce operational time and data complexity, providing enhanced products to their clients. For instance, in December 2021, GigaSpaces introduced the InsightEdge portfolio, a set of in-memory computing platforms designed to drive enterprise digital transformation with unique speed, performance, and scale. Coupled with AIOps functionality, this offering facilitates the effortless management and deployment of software platforms catering to demanding analytics processing and enterprise data needs. AIOps, referring to artificial intelligence for IT operations, leverages analytics technology to enhance IT operations.

Major players in the in-memory analytics market are innovating by introducing products like Oracle Fusion Analytics across Customer Exchanges (CX) to meet the increasing demand. Oracle Fusion Analytics across CX aims to enable customers to make faster and better decisions by delivering new capabilities for accelerated insights, enhanced predictions, and improved integrations. Oracle announced the launch of this product in October 2022, emphasizing its potential to provide deeper insights and expedite decision-making into actionable results.

In March 2022, Software AG, a Germany-based software company, acquired StreamSets Inc for approximately €524 million (roughly $580 million). This strategic acquisition is intended to expand Software AG's product offering in the cloud data integration segment of the data integration market. StreamSets Inc, based in the US, operates in the software and technology domain.

Major companies operating in the in the in-memory analytics market report are Amazon Web Services Inc., Oracle Corporation, Qlik Technologies Inc., SAP SE, SAS Institute Inc., Software AG, International Business Machines Corporation, ActiveViam Ltd., Kognitio Holdings Ltd., MicroStrategy Incorporated, ADVIZOR Solutions Inc., EXASOL AG, SnappyData Inc., Teradata Corporation, GigaSpaces Technologies Inc., Information Builders Inc., Hitachi Ltd., Altibase Corp., GridGain Systems Inc., Pivotal Software Inc., TIBCO Software Inc., Altair Engineering Inc., Hazelcast Inc., MemSQL Inc., ScaleOut Software Inc., Aerospike Inc., Couchbase Inc., Redis Labs Inc., VoltDB Inc., Grid Dynamics International Inc.

North America was the largest region in the in-memory analytics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-memory analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the in-memory analytics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The in-memory analytics market includes revenues earned by entities by providing solutions that understand, analyze, and derive insights from data stored in random-access memory (RAM) by utilizing multi-core and multi-thread processor capabilities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10410

1. Executive Summary

2. In-Memory Analytics Market Characteristics

3. In-Memory Analytics Market Trends And Strategies

4. In-Memory Analytics Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global In-Memory Analytics Market Size and Growth

5.1. Global In-Memory Analytics Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global In-Memory Analytics Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global In-Memory Analytics Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. In-Memory Analytics Market Segmentation

6.1. Global In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Solution
Services
6.2. Global In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Large Enterprises
Small and medium Enterprises (SME's)
6.3. Global In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
On-Premises
Cloud-Based

7. In-Memory Analytics Market Regional And Country Analysis

7.1. Global In-Memory Analytics Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global In-Memory Analytics Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific In-Memory Analytics Market

8.1. Asia-Pacific In-Memory Analytics Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China In-Memory Analytics Market

9.1. China In-Memory Analytics Market Overview
9.2. China In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India In-Memory Analytics Market

10.1. India In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan In-Memory Analytics Market

11.1. Japan In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia In-Memory Analytics Market

12.1. Australia In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia In-Memory Analytics Market

13.1. Indonesia In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea In-Memory Analytics Market

14.1. South Korea In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe In-Memory Analytics Market

15.1. Western Europe In-Memory Analytics Market Overview
15.2. Western Europe In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK In-Memory Analytics Market

16.1. UK In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany In-Memory Analytics Market

17.1. Germany In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France In-Memory Analytics Market

18. 5. France In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy In-Memory Analytics Market

19. 9. Italy In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain In-Memory Analytics Market

20.13. Spain In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe In-Memory Analytics Market

21.1. Eastern Europe In-Memory Analytics Market Overview
21.2. Eastern Europe In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia In-Memory Analytics Market

22.1. Russia In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America In-Memory Analytics Market

23.1. North America In-Memory Analytics Market Overview
23.2. North America In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA In-Memory Analytics Market

24.1. USA In-Memory Analytics Market Overview
24.2. USA In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada In-Memory Analytics Market

25.1. Canada In-Memory Analytics Market Overview
25.2. Canada In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America In-Memory Analytics Market

26.1. South America In-Memory Analytics Market Overview
26.2. South America In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil In-Memory Analytics Market

27.1. Brazil In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East In-Memory Analytics Market

28.1. Middle East In-Memory Analytics Market Overview
28.2. Middle East In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa In-Memory Analytics Market

29.1. Africa In-Memory Analytics Market Overview
29.2. Africa In-Memory Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa In-Memory Analytics Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa In-Memory Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. In-Memory Analytics Market Competitive Landscape And Company Profiles

30.1. In-Memory Analytics Market Competitive Landscape
30.2. In-Memory Analytics Market Company Profiles
- 30.2.1. Amazon Web Services Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Oracle Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Qlik Technologies Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. SAP SE
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. SAS Institute Inc.
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global In-Memory Analytics Market Competitive Benchmarking

32. Global In-Memory Analytics Market Competitive Dashboard

33. Key Mergers And Acquisitions In The In-Memory Analytics Market

34. In-Memory Analytics Market Future Outlook and Potential Analysis

34.1 In-Memory Analytics Market In 2028 - Countries Offering Most New Opportunities
34.2 In-Memory Analytics Market In 2028 - Segments Offering Most New Opportunities
34. 3 In-Memory Analytics Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer