The global in-memory computing market exhibited strong growth during 2015-2020.
Looking forward, the analyst expects the market to grow at a CAGR of around 25% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
In-Memory Computing (IMC) refers to the process of storing information in the Random-Access Memory (RAM) of the dedicated servers instead of comparatively slower disk drives. It is a solution architecture that stores data in a number of clusters to deliver real-time processing insights. It is usually complemented by on-disk or solid-state storage for archiving, recovery and accessing historical data. It enables an organization to detect patterns, analyze large amounts of data and perform operations promptly. They are commonly used for services, such as investment banking, insurance claim modeling, social gaming, real-time advertising platforms, geospatial processing and medical imaging.
The emerging trend of digitization of business operations, along with the growing demand for real-time analysis of data, is one of the key factors driving the growth of the market. Organizations are adopting applications that can run advanced queries and perform complex analysis on large datasets. Moreover, IMC also aids in minimizing the load on the organization’s information technology (IT) infrastructure and overall operational costs while freeing up resources, boosting business insights and enhancing efficiencies. In line with this, increasing adoption of dynamic random-access memory (DRAM)-based IMC systems in the banking, financial services and insurance (BFSI) industry is also contributing to the market growth. Banks and other financial institutions use IMC for fraud detection, risk management, financial analysis and monitoring of transactions. Other factors, including improvements in the information technology (IT) sector, along with the rising demand for rapid data processing across industries, are projected to drive the market further.
Breakup by Component: In-Memory Data Management Solutions and Services Databases Data Grids In-Memory Computing Platforms Server Applications Analytics Applications
Breakup by Organization Size: Small and Medium Enterprises Large Enterprises
Breakup by Vertical: BFSI Healthcare IT and Telecom Government Others
Breakup by Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being Altibase Corp., Fujitsu Ltd., GigaSpaces Technologies Inc., GridGain Systems Inc., HCL Technologies Limited, International Business Machines Corporation, Microsoft Corporation, NTT DATA Corporation (Nippon Telegraph and Telephone), Oracle Corporation, SAP SE, SAS Institute Inc., Software AG, TIBCO Software Inc. (Vista Equity Partners), etc. Key Questions Answered in This Report:
How has the global in-memory computing market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of COVID-19 on the global in-memory computing market? What is the breakup of the market based on the component? What is the breakup of the market based on the organization size? What is the breakup of the market based on the vertical? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global in-memory computing market and who are the key players? What is the degree of competition in the industry?
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