The global in-memory computing market size is likely to attain over USD XX billion by the year 2028. Besides, it is likely to project a CAGR of nearly X.X% during the forecast years 2021-2028. The in-memory computing market is driven by the reduction in the cost of RAM in the market and the rising need for accuracy and speed which acts as a driver as the demand for in-memory computing solutions is increasing.
The present and future in-memory computing market progress are summarized to conclude the attractiveness of the entire market. Also, the prime factor that influences the in-memory computing market opportunities is the increase in production with real-time and low-latency transaction processing. Furthermore, the increasing usage of internet and mobile banking requires large data processing is the key factor driving the market growth for the in-memory computing market.
Also, the high adoption of 64 bit computing is another factor driving the market growth. Furthermore, to provide speed, scalability, flexibility, and availability at a competitive cost is likely to provide lucrative development opportunities for the in-memory computing market in the forthcoming years.
The report also emphasizes several distinctiveness of the global in-memory computing industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the in-memory computing industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The in-memory computing market has tough competition among the new emerging and pre-established market vendors. Besides, the in-memory computing industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the deployment type, the market is bifurcated into on-premise and cloud. The on-premise segment is expected to grow significantly in the forecast period because of the increase in the implementation of on-premise based in-memory computing across various industries to provide data security.
North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the in-memory computing market in this region is mostly ascribed to the increasing application of predictive analytics using in-memory computing by small and medium enterprises and government entities in the country in this region. However, the growth in Asia Pacific region is likely due to increasing deployment of in-memory computing systems across SMEs for advanced analytics in countries in this region.
The major players of the global in-memory computing market are Microsoft Corporation, Oracle Cprporation, SAP SE, IBM Corporation, TIBCO Software Inc., Intel Corporation, MongoDB Inc., Giga Space Technologies Inc., Grid Gain System, Teradata Corporation, Altibase, HCL Technologies Limited, ScaleOut Software, Exasol, and NTT Data Corporation. Renowned companies are offering new and modern in-memory computing software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global In-memory Computing Market
Solution Overview, 2021-2028 (USD Million)
- In-memory Database
- Data Stream Processing
- In-memory Data Grid
Deployment Mode Overview, 2021-2028 (USD Million)
Application Overview, 2021-2028 (USD Million)
- GIS Processing
- Predictive Analytics
- Sales & Marketing
- Sentiment Analysis
- Supply Chain Management
- Risk Management & Fraud Detection
End Use Overview, 2021-2028 (USD Million)
- IT & Telecom
- Transportation and Logistics
- Energy & Utilities
- Retail & e-commerce
Regional Overview, 2021-2028 (USD Million)
- North America
- Asia Pacific
- South Korea
- Middle East and Africa (MEA)
- Saudi Arab
- South Africa
- South America