In-Memory Computing Market Highlights 2020-2029
The in-memory computing market is estimated to grow with a high CAGR during the forecast period, i.e., 2021-2029. In-memory computing is essentially used for information storage. In-memory computing reduces latency in data transactions and analyses data in real-time to enhance decision-making. Increasing usage of the internet and mobile banking requires large data processing, which is also expected to provide industry growth avenues. The growing trend towards increasing the RAM size is expected to provide avenues for in-memory computing market growth. Numerous government initiatives, such as the Unique Identification Card, to increase digitization at the national level create the need for IMC, thereby growing industry demand. The industry is characterized by technological advancement and is slowly shifting from traditional disk-based to Dynamic Random-Access Memory based in-memory computing. Innovations like multi-core architecture, parallel server, and NAND flash memory will contribute to future growth in the market. The software segment's progress, such as column-centric database, compression techniques, and handling aggregate table, are expected to catalyse industry growth over the coming years.
The market is segmented by application into risk management & fraud detection, sentiment analysis, geospatial/GIS processing, sales & marketing optimization, predictive analysis, supply chain management, and others. Among these segments, the risk management & fraud detection segment is anticipated to hold the largest share due to the need for organizations to keenly focus on enhancing their risk intelligence capabilities to fight risk exposures. CLICK TO DOWNLOAD SAMPLE REPORT
Global In-Memory Computing Market Regional Synopsis
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the North America is predicted to grow at the highest CAGR over the forecast period owing to the growing demand for analytics platforms and government agencies that would drive the demand for IMC products. The increasing demand for advanced analytics platforms by small and medium businesses would fuel the demand for IMC products in the region. The growing adoption of cloud and IoT and the rising use of the web are factors driving the IMC market growth in Europe. APAC is expected to record the swiftest growth rate during the forecast period. The adoption of IMC technology by various verticals, such as retail and manufacturing, is expected to contribute to the growth of the market in the APAC.
The global in-memory computing market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global in-memory computing market includes the following segments:
By Component
- Solutions
- Services
By Application
- Risk Management and Fraud Detection
- Sentiment Analysis
- Geospatial/GIS Processing
- Sales and Marketing Optimization
- Predictive Analysis
- Supply Chain Management
- Others
By Organization Size
- Small Medium Enterprises
- Large Enterprises
By Vertical
- BFSI
- IT and Telecom
- Retail and eCommerce
- Healthcare and Life Sciences
- Transportation and Logistics
- Government and Defense
- Energy and Utilities
- Media and Entertainment
- Others
Growth Drivers
- Exponential Growth of Big Data
- Increasing Analytical Needs
Challenges
- Availability of Trained Technical Staff
- Complexity of Big Data Solutions
Top Featured Companies Dominating the Market
- Microsoft Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Oracle Corporation
- SAS Institute
- TIBCO Software Inc.
- Software AG
- Fujitsu Limited
- Workday, Inc.
- Teradata Corporation
- Enea AB
