Overview and Scope
The in-memory computing refers to a technique for performing all computer calculations in computer memory (i.e., in RAM) rather than in complex relational databases that run on relatively slow disc drives. The primary objective of in-memory computing is to assist business customers in rapidly detecting patterns, analyzing massive data volumes, and performing operations.
Sizing and Forecast
The in-memory computing market size has grown exponentially in recent years. It will grow from $22.89 billion in 2023 to $27.67 billion in 2024 at a compound annual growth rate (CAGR) of 20.9%. 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 $61.32 billion in 2028 at a compound annual growth rate (CAGR) of 22.0%. 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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The in-memory computing market report table of contents includes:
- Executive Summary
- In-Memory Computing Market Characteristics
- In-Memory Computing Market Trends And Strategies
- In-Memory Computing Market – Macro Economic Scenario
- Global In-Memory Computing Market Size and Growth
- In-Memory Computing Market Segmentation
- In-Memory Computing Market Regional And Country Analysis
……………
- Key Mergers And Acquisitions In The In-Memory Computing Market
- In-Memory Computing Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global In-Memory Computing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global In-Memory Computing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global In-Memory Computing Market, Segmentation By Organization, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 76: Microsoft Corporation Financial Performance
Table 77: Oracle Corporation Financial Performance
Table 78: SAP SE Financial Performance
Table 79: International Business Machines Corporation Financial Performance
Table 80: SAS Institute Inc. Financial Performance
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