What Has Been the Growth of the In-Memory Computing Market So Far?
The in-memory computing market has seen considerable growth due to a variety of factors.
• Over the past few years, the in-memory computing market size has seen significant growth. The market value is projected to increase from $27.11 billion in 2024 to $32.45 billion in 2025, reflecting a compound annual growth rate (CAGR) of 19.7%. The expansion during the historical period can be linked to a rise in data volumes, a higher demand for immediate insights, initiatives related to digital transformation, a surge in big data, and cybersecurity requirements.
How Will the In-Memory Computing Market?
The In-Memory Computing market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the in-memory computing market is predicted to experience significant expansion in the coming years. It is projected to reach $76.81 billion by 2029, growing at a compound annual growth rate (CAGR) of 24.0%.
The forecasted growth could be the result of factors such as the rapid development in digital transformation, the rise of cloud-based solutions, the increased focus on real-time decision support, applications in the financial sector, and optimization of database performance. Noted trends that could influence this growth during the period include requirements for edge computing, big data management, IoT data processing, artificial intelligence, machine learning, and improved customer experience.
Which Factors Are Boosting Growth In The In-Memory Computing Market?
The upsurge in data volumes across various sectors is predicted to ramp up the expanding in-memory computing market in the future. The elevation in data volumes, coupled with the shift of data to cloud-based solutions and the escalating number of IT users, has multiplied the generation of data volume. The probability of employing more workforce during a phase of economic escalation necessitates additional software subscriptions, consequently amassing more data. This surge in data demand has amplified the demand for, and application of in-memory computing, which allows data storage in RAM across a computer cluster and facilitates parallel processing in a simpler process with a shorter span. For instance, a report by Sky's The Limit (STL) in December 2022, a global leader in optical and digital solutions based in the US, disclosed that the global data produced in 2021 was approximately 79 zettabytes. By 2025, the global data production is anticipated to touch around 150 zettabytes, which is twice as much as the forecast for 2022. Hence, the escalation in data volumes is set to steer the growth of the demand for the in-memory computing market.
What Key Areas Define The Segmentation Of The Global In-Memory Computing Market?
The in-memory computing market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment: Cloud, On-premises
3) By Organization: Large, SME's
4) By Application: Risk Management And Fraud Detection, Sentiment Analysis, Geospatial Or GIS Processing, Sales And Marketing Optimization, Predictive Analysis, Supply Chain Management
5) By End Users: BFSI, IT And Telecom, Retail And eCommerce, Healthcare And Life Sciences, Transportation And Logistics, Government And Defense, Energy And Utilities, Media And Entertainment, Others End users
Subsegments:
1) By Solutions: In-Memory Data Grids (IMDG), In-Memory Database Management Systems (IMDBMS), In-Memory Analytics, In-Memory Processing Frameworks
2) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training Services
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How Are Emerging Trends Reshaping The Dynamics Of The In-Memory Computing Market?
The trend of technological progression is increasingly gaining recognition in the in-memory computing market. Leading corporations engaged in the in-memory computing sector are progressing with novel technologies, creating AI acceleration chip-based in-memory calculations that function as powerful parallel computation machines specially engineered for effective processing. For example, Samsung Electronics, a Korea-based company leading in semiconductor technology, revealed its display of the world's first MRAM (Magnetoresistive Random Access Memory)-oriented in-memory computing in January 2022. The scientists successfully engineered an MRAM array chip that exemplifies in-memory computing by exchanging the traditional current-sum in-memory computing framework with a new resistance sum in-memory computing system, resolving the problem of small resistances in individual MRAM devices.
Who Are the Key Players In The In-Memory Computing Market?
Major companies operating in the in-memory computing market include:
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• International Business Machines Corporation
• SAS Institute Inc.
• TIBCO Software Inc.
• Software AG
• Gridgain Systems Inc.
• Altibase Corporation
• Hazelcast Inc.
• Gigaspaces Technologies Inc.
• Intel Corporation
• HCL Technologies Ltd.
• Exasol AG
• Red Hat Inc.
• Aerospike Inc.
• Couchbase Inc.
• McObject LLC
• Teradata Corporation
• Fujitsu Ltd.
• MongoDB Inc.
• Oracle Corporation
• Alachisoft
• ArangoDB GmbH
• Couchbase Inc.
• Redis Labs Inc.
• VoltDB Inc.
• Kognitio Ltd.
• MicroStrategy Inc.
• Actian Corporation
What Is The Most Dominant Region In The In-Memory Computing Market?
North America was the largest region in the in-memory computing market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-memory computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
