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In-Memory Computing Market Segmentation by Component (Solutions and Services); by Application (Risk Management and Fraud Detection, Sentiment Analysis, Geospatial/GIS Processing, Sales and Marketing Optimization, Predictive Analysis, Supply Chain Management, and Others); by Organizational Size (SMEs and Large Enterprises); by Vertical – Global Demand Analysis and Opportunity Outlook 2021-2029

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Extensive insights into the Growth of In-Memory Computing Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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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.

Increasing big data adoption is anticipated to grow industry demand over the next few years. 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.

in-memory computing market Graph

The market is segmented by application type 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

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.

in-memory computing market Share Graph

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 Type

  • Solutions
  • Services

By Application Type

  • 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

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