In Memory Computing Market is predicted to reach USD 11.12 Billion at a CAGR of 4.22% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “In Memory Computing Market” that contains information from 2018 to 2030. The In Memory Computing Market is estimated to register a CAGR of 4.22% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global In Memory Computing Market — Altibase, SAP SE, HCL Technologies Limited, IBM Corporation, ScaleOut Software, TIBCO Software, Oracle Corporation, GridGain, Exasol, and Software AG.
Market Highlights
The global In Memory Computing Market is accounted to register a CAGR of 4.22% during the forecast period and is estimated to reach USD 11.12 Billion by 2030
The in-memory computing market refers to the market for technologies and solutions that leverage the speed and scalability of in-memory data storage and processing. In-memory computing involves storing data in the main memory (RAM) of the computer instead of traditional disk-based storage, enabling faster access and processing times.
Segment Analysis
The global In Memory Computing Market has been segmented based on Components, and industry Verticals.
By component, a solution is the biggest segment in the In-memory computing market that thrives on a strong CAGR of 16.9% between 2022 and 2032. The factors behind this segment’s growth are its easy implementation and acceptance in IT spaces. In-memory Database (IMDB), In-Memory Data Grid (IMDG) and data stream processing are the processes that computing solutions consist of. IMDB solutions segment tops in this segment as it boosts performance and flexibility of operations, pushing the sales of In-memory computing solutions.
By application, the risk management and fraud detection segment hold the biggest portion of the in-memory computing market and is expected to be on top during the forecast period. The factors fueling the growth of this segment are organizations focusing on enhancing their risk and fraud detecting capabilities to counter any risk possible. IMC enabled applications to have fewer chances of any malicious activity occurring in them because of the fast processing and better risk management, fueling the demand for an in-memory computing solution system.
By deployment, cloud deployment holds the biggest portion of the In-memory computing market and is likely to generate the highest revenue in the forecast period, thriving at a CAGR of 16.3% between 2022 and 2032. The factors attributing to this growth are the huge chunk of data needing proper segments and high storage capacity that only a cloud or third-party cloud deployment can provide.
Regional Analysis
The global In Memory Computing Market, based on region, has been divided into Asia-Pacific, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is estimated to be the fastest-growing region, owing to the presence of countries, such as China, Japan, and India. These countries act as the hub for enterprises such as BPOs and KPOs, and hence are known as manufacturing factories of the world. The very basic foundation of such organizations is the huge quantities of data that need to be stored, analyzed, and then used for the purpose of decision-making. This indicated the huge growth potential for the IMC market in Asia-Pacific.
The United States and Canada were significant contributors to the In-Memory Computing market in North America. Many companies in these countries, especially in the technology, finance, and healthcare sectors, were adopting In-Memory Computing to gain a competitive edge by processing large volumes of data in real-time.
Countries like Germany, the United Kingdom, France, and the Nordic countries were at the forefront of adopting In-Memory Computing solutions. The European market was witnessing increased interest from industries such as manufacturing, telecommunications, and e-commerce.
The increased demand for big data and growing number of SME’s offers huge opportunities for growth in this region. Increasing investment by several incumbent technology players are some of the factors driving the market in the APAC region.
The in-memory computing market is consolidated, with major players, such as SAP SE, Microsoft, Oracle, Altibase, and others. These players adopted various strategies, such as new product developments, in addition to collaborations and partnerships, and business expansions to accommodate the needs of the market. The major market players have adopted acquisitions and integrations as major strategy to expand their market shares, security portfolio, and customer base.
Key Findings of the Study
- The global In Memory Computing Market is expected to reach USD 11.12 Billion by 2030 at a CAGR of 4.22% during the forecast period.
- Asia-Pacific is estimated to be the fastest-growing region, owing to the presence of countries, such as China, Japan, and India.
- By component, a solution is the biggest segment in the In-memory computing market that thrives on a strong CAGR of 16.9% between 2022 and 2032. The factors behind this segment’s growth are its easy implementation and acceptance in IT spaces.
- Altibase, SAP SE, HCL Technologies Limited, IBM Corporation, ScaleOut Software, TIBCO Software, Oracle Corporation, GridGain, Exasol, and Software AG
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Companies Covered | 15 |
Pages | 141 |
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