In-memory Computing Market

In-memory Computing Market by Components (In-memory Data Management Systems and In-memory Application Platforms), Industry Verticals (BFSI, IT & Telecommunication, Retail, Government, Healthcare, and Transportation), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-479
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 141
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The global in-memory computing market is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing demand for computing systems that can process the analytical and transactional requirement swiftly. Moreover, rising adoption of big data is expected to boost the market growth.

In-memory Computing Market Key Takeaways

In-memory computing (IMC) is utilized for storing the data in random access memory (RAM) instead of hosting them on databases. The storage in RAM brings down the latency rate and enables analysis in real-time. It facilitates quick transfer of enormous data and effective analytical facilities, that help reduce the cost and improve in the decision making process. IMC allows the shift from traditional hard disk storage to dynamic random access memory (DRAM). This, in turn, allows IMC to confer speed, flexibility, and scalability to the computing system.

Increasing number of hardware innovations such as advent of multi-core architecture, presence of millions of data servers, and rising adoption of NAND flash memory in the computing industry are increasing the demand for in-memory applications and management solutions. Furthermore, rapid technological innovations in the software industry such as development of column-oriented databases, compression techniques, and aggregated tables are acting as a catalyst for the market growth.

The deployment of IMC in various industry verticals such as BFSI, healthcare, and retail present a key aspect for accelerating the growth of the market. It is widely adopted in the banking sector as it helps to detect transaction patterns and increase the data processing time. The adoption of electronic record systems (ERS) in the healthcare sector pave a way to increase the demand for IMC, as it can aid in the management of voluminous data. On the other hand, the requirement to manage a large amount of increasing customer data raise the demand for the use of IMC in the retail sector.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing demand for accurate and rapid processing systems in the computing industry are anticipated to propel the market growth.
  • Rising penetration of Internet of Things and increasing utilization of the system in the mobile banking are expected to spur the growth of the market.
  • Increasing adoption of large RAM size owing to manage complex data and improve the processing time across industries are projected to boost the market growth in the coming years.
  • Lack of awareness towards IMC compliant systems is anticipated to impede the market growth. Moreover, high migration cost of traditional to high-end systems can restrain the growth of the market.
  • Unavailability of enough professionals to build complex business intelligence (BI) applications and high cost of RAM to manage the huge data can hinder the market growth.
  • Various government initiatives to digitize data related to citizens in form of unique identification card (UID) is anticipated to positively influence the growth of the market.
  • Rapid adoption of 64-bit processors across industries is expected to proliferate the industry in the foreseeable future.

Scope of the Report

The report on the global in-memory computing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

In-memory Computing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Components (In-memory Data Management Systems and In-memory Application Platforms) and Industry Verticals (BFSI, IT & Telecommunication, Retail, Government, Healthcare, and Transportation)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Altibase, SAP SE, HCL Technologies Limited, IBM Corporation, ScaleOut Software, TIBCO Software, Oracle Corporation, GridGain, Exasol, and Software AG


In-memory Computing Market Segment Insights

In-memory data management systems segment to account for a large market share
Based on components, the market is bifurcated into in-memory data management systems and in-memory application platforms. The in-memory data management systems segment accounted for a large market share in 2020, in terms of revenue. Increasing adoption of these systems across industries including BFSI, government, retail, and healthcare sectors is driving the growth of the market segment. These sectors increasingly need to upgrade their systems that can help to process huge data rapidly and manage the massive data effectively. This, in turn, has proliferated the growth of this market segment. Conversely, the in-memory application platforms segment is expected to grow at a healthy rate in the coming years owing to rising demand for the system across several industries.

In-memory Computing Market By Components

BFSI segment to exhibit a high CAGR
In terms of applications, the in-memory computing market is segregated into BFSI, retail, government, healthcare, IT & telecommunication, and transportation. In 2020, the BFSI segment accounted for a significant market share owing to the increasing demand for systems that can analyze voluminous data and transactions. Growing adoption of big data is one of the major drivers of the BFSI segment. On the other hand, the IT & telecommunication segment is anticipated to exhibit a high CAGR owing to rapid growth of the IT industry in the emerging economies such as India and China.

Market in Asia Pacific to expand at a robust CAGR
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market in 2020 owing to the early adoption of latest technology in the computing industry. Moreover, the presence of major industry players in the region is spurring the regional market growth. Conversely, the market in Asia Pacific is expected to expand at a robust CAGR owing to rising investment of the major IT companies for the development of the in-memory computing technology. Furthermore, the proliferation of IMC in various business sectors is driving the growth of the market region.

 In-memory Computing Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. In-memory Computing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. In-memory Computing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. In-memory Computing Market - Supply Chain
  4.5. Global In-memory Computing Market Forecast
     4.5.1. In-memory Computing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. In-memory Computing Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. In-memory Computing Market Absolute $ Opportunity
5. Global In-memory Computing Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. In-memory Computing Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global In-memory Computing Demand Share Forecast, 2019-2026
6. North America In-memory Computing Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America In-memory Computing Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America In-memory Computing Demand Share Forecast, 2019-2026
7. Latin America In-memory Computing Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America In-memory Computing Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America In-memory Computing Demand Share Forecast, 2019-2026
8. Europe In-memory Computing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe In-memory Computing Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe In-memory Computing Demand Share Forecast, 2019-2026
9. Asia Pacific In-memory Computing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific In-memory Computing Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific In-memory Computing Demand Share Forecast, 2019-2026
10. Middle East & Africa In-memory Computing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa In-memory Computing Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa In-memory Computing Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global In-memory Computing Market: Market Share Analysis
  11.2. In-memory Computing Distributors and Customers
  11.3. In-memory Computing Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Altibase
     11.4.2. SAP SE
     11.4.3. HCL Technologies Limited
     11.4.4. IBM Corporation
     11.4.5. ScaleOut Software
     11.4.6. TIBCO Software
     11.4.7. Oracle Corporation
     11.4.8. GridGain
     11.4.9. Exasol
     11.4.10. Software AG
Segments Covered in the Report
The global in-memory computing market has been segmented on the basis of

Components
  • In-memory Data Management Systems
  • In-memory Application Platforms
Industry Verticals
  • BFSI
  • IT & Telecommunication
  • Retail
  • Government
  • Healthcare
  • Transportation
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Altibase
  • SAP SE
  • HCL Technologies Limited
  • IBM Corporation
  • ScaleOut Software
  • TIBCO Software
  • Oracle Corporation
  • GridGain
  • Exasol
  • Software AG

The major players of the market are Altibase, TIBCO Software, SAP SE, HCL Technologies Limited, IBM Corporation, ScaleOut Software, Oracle Corporation, GridGain, Exasol, and Software AG. Some of these players are actively engaged to implement various market strategies such as acquisitions, product launches, and partnerships to increase their market position and expand their existing consumer base globally.

In May 2019, TIBCO Software acquired SnappyData, a provider of real-time analytics in-memory data platform, to complement its TIBCO Connected Intelligence Platform. The former company claimed that this acquisition deal was a key strategy to help its customers to deliver fast insights from massive volume of data.

 In-memory Computing Market By Key Players

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