The in-memory computing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
In-Memory Computing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The in-memory computing market size has grown exponentially in recent years. It will grow from <b>$22.89 billion in 2023 to $27.67 billion in 2024 at a compound annual growth rate (CAGR) of 20.9%. </b> The growth in the historic period can be attributed to increased data volumes, increased demand for real-time insights, digital transformation initiatives, explosion of big data, cybersecurity needs.
The in-memory computing market size is expected to see exponential growth in the next few years. It will grow to <b>$61.32 billion in 2028 at a compound annual growth rate (CAGR) of 22.0%. </b> The growth in the forecast period can be attributed to accelerated digital transformation, expansion of cloud-based solutions, greater emphasis on real-time decision support, financial sector applications, database performance optimization. Major trends in the forecast period include edge computing requirements, big data handling, iot data processing, ai and machine learning, enhanced customer experience.
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Scope Of In-Memory Computing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
In-Memory Computing Market Overview
Market Drivers –
An increase in data volumes across industries is expected to propel the growth of the in-memory computing market going forward. The rise in data volumes, the migration of data to a cloud-based solution, and the growing number of IT users have increased data volume creation. With more employees likely to be hired during a period of economic growth, it necessitates more software subscriptions that result in adding more data. This growing demand for data has increased the demand for and use of in-memory computing, which enables data to be stored in RAM across a cluster of computers and processed in parallel under an easy process with a shorter duration. For instance, in January 2022, according to the First side Guide, Serbia-based information and technology provider company, predicted the total quantity of data produced worldwide to be over 79 zettabytes in 2021. Furthermore, according to an article published by Forbes, in December 2020, the volume of data created, generated, recorded, replicated, and consumed worldwide increased by nearly 5,000%, from 1.2 trillion gigabytes to 59 trillion gigabytes. Therefore, the increase in data volumes will drive the growth of the demand for the in-memory computing market.
Market Trends –
Technological advancement is a key trend gaining popularity in the in-memory computing market. Major companies operating in the in-memory computing market are advancing in their new technologies and developing AI acceleration chips-based, in-memory calculations that work as high-performance parallel computation machines explicitly designed for efficient processing. For instance, in January 2022, Samsung Electronics, a Korea-based, advanced semiconductor technology company, announced its demonstration of the world’s first MRAM (Magnetoresistive Random Access Memory)-based in-memory computing. The researchers successfully developed an MRAM array chip that illustrates in-memory computing by replacing the standard, current-sum in-memory computing architecture with a new, resistance sum in-memory computing architecture that solves the issue of individual MRAM device small resistances
The in-memory computing market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment: Cloud, On-premises
3) By Organization: Large, SME’s
4) By Application: Risk Management and Fraud Detection, Sentiment Analysis, Geospatial/GIS Processing, Sales and Marketing Optimization, Predictive Analysis, Supply Chain Management
5) By End Users: BFSI, IT and Telecom, Retail and eCommerce, Healthcare and Life Sciences, Transportation and Logistics, Government and Defence, Energy and Utilities, Media and Entertainment, Others End users
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Regional Insights –
North America was the largest region in the in-memory computing market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-memory computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the in-memory computing market report are Microsoft Corporation, Oracle Corporation, SAP SE, International Business Machines Corporation, SAS Institute Inc., TIBCO Software Inc., Software AG, Gridgrain Systems Inc., Altibase Corporation, Hazelcast Inc., Gigaspaces Technologies Inc., Intel Corporation, HCL Technologies Ltd., Exasol AG, Red Hat Inc., Aerospike Inc., Couchbase Inc., McObject LLC, Teradata Corporation, Fujitsu Ltd., MongoDB Inc., Oracle Corporation, Alachisoft, ArangoDB GmbH, Couchbase Inc., Redis Labs Inc., VoltDB Inc., Kognitio Ltd., MicroStrategy Inc., Actian Corporation
Table of Contents
1. Executive Summary
2. In-Memory Computing Market characterstics
3. In-Memory Computing Market Trends And Strategies
4. In-Memory Computing Market – Macro Economic Scenario
5. Global In-Memory Computing Market Size And Growth
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31. Global In-Memory Computing Market Competitive Benchmarking
32. Global In-Memory Computing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The In-Memory Computing Market
34. In-Memory Computing Market Future Outlook and Potential Analysis
35. Appendix
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