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What Are The Forecasted Market Size And Growth Rates For The Global In-Memory Computing Market?
In recent years, the in-memory computing market has witnessed rapid growth. It will burgeon from $27.11 billion in 2024 to $32.45 billion in 2025, recording a compound annual growth rate (CAGR) of 19.7%. The growth in the historic period is attributable to the rising data volumes, escalating demands for real-time insights, digital transformation initiatives, explosion of big data, and cybersecurity needs.
The market size of in-memory computing is anticipated to see exponential growth in the years ahead, expanding to $76.81 billion in 2029 at a CAGR of 24.0%. The growth during the forecast period can be attributed to the accelerated digital transformation, expansion of cloud-based solutions, an increased emphasis on real-time decision support, application in the financial sector, and database performance optimization.
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What Factors Are Driving The In-Memory Computing Market Growth?
A surge in data volumes across industries is expected to fuel the growth of the in-memory computing market going forward. As data migration to cloud-based solutions continues and the number of IT users grows, data volume creation has increased. This growing demand for data has increased the demand for and use of in-memory computing, enabling faster data processing due to data storage in RAM across a cluster of computers.
What Are The Major Segments Within The Global In-Memory Computing Market?
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 Or 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 Defense, Energy and Utilities, Media and Entertainment.
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Which Key Companies Are Transforming The In-Memory Computing Market?
Companies that are making significant contributions to the in-memory computing market include Microsoft Corporation, Oracle Corporation, SAP SE, International Business Machines Corporation, SAS Institute Inc., TIBCO Software Inc., Software AG, Gridgain 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, Redis Labs Inc., VoltDB Inc., Kognitio Ltd., MicroStrategy Inc., Actian Corporation.
What Emerging Trends Are Shaping The In-Memory Computing Market Landscape?
Technological advancement is a key trend gaining popularity in the in-memory computing market. Major firms in this sector are developing AI acceleration chips-based, in-memory calculations that function as high-performance parallel computation machines designed for efficient processing. For instance, Samsung Electronics recently demonstrated the world’s first MRAM (Magnetoresistive Random Access Memory)-based in-memory computing, which solves the issue of individual MRAM device small resistances.
Which Region Is Set To Grow The Fastest In The In-Memory Computing Market?
In 2024, North America held the largest share in the in-memory computing market. However, Asia-Pacific is predicted to be the fastest-growing region during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The In-Memory Computing Market Report 2025 Offer?
The in-memory computing technique allows all computer calculations to be performed in computer memory (i.e., in RAM), which is faster than complex relational databases that run on relatively slower disc drives. The primary objective of in-memory computing is to assist business enterprises in rapidly detecting patterns, analyzing massive data volumes, and performing operations. The In-Memory Computing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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