In-memory Computing Market Size (2024 - 2029)

The in-memory computing market is experiencing significant growth, driven by the increasing demand for faster data processing and analytics, as well as the need for simplified architecture due to the rising number of data sources. This market expansion is further fueled by technological advancements that optimize total cost of ownership. Enterprises across various industries are adopting in-memory computing platforms to enhance application performance and scalability, essential for achieving digital transformation and improving customer experiences. Despite short-term challenges posed by the Covid-19 pandemic on chip manufacturing, the collaboration among companies to leverage advanced computing for pandemic-related analysis underscores the critical role of in-memory computing in handling large datasets efficiently.

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Market Size of In-memory Computing Industry

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In Memory Computing Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 25.37 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

In Memory Computing Market Major Players

*Disclaimer: Major Players sorted in no particular order

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In-Memory Computing Market Analysis

The In-memory Computing Market was valued at USD 15.96 billion in 2020 and expected to reach USD 61.66 billion by 2026 and grow at a CAGR of 25.37% over the forecast period (2021-2026). Adoption of In-memory Computing, also known as IMC, is on the rise. This can be attributed to the growing demand for faster processing and analytics on big data, the need for simplifying architecture as the number of various data sources increases, and technology enhancements that are optimizing total cost of ownership (TCO).

  • To maintain a competitive edge and meet the demands for optimal customer experience in the current scenario, enterprises are seeking for solutions to deal with the constant upsurge of available data and the never-ending demands for better and faster performance. This is boosting the development of In-Memory Computing technologies.
  • Over the past several years, companies across a broad range of industries increasingly started adopting in-memory computing platforms to achieve the application performance and scalability they need to achieve their digital transformation or omnichannel customer experience goals.
  • For instance, American Airlines is using in-memory computing to accelerate response times, automate processes and meet SLAs for business applications that process huge datasets from multiple sources.
  • Further, developments with respect to peer-to-peer transactions, bitcoins and mobile wallets are an addition to the instant payment capabilities. This enables the service providers to ensure a level of reliability and scale capacity ahead of demand. And, in-memory computing platform helps them by offering low latency, scalability and resilience.
  • The outbreak of Covid-19 will affect the chip manufacturing industry in the short-term as several operations have come to a halt because of global lockdown. But at the same time, companies are collaborating to find the cure of this pandemic using advance computing, which uses IMC, for analysis. For instance, recently Intel and Lenovo collaborated with the Beijing-based BGI Genomics to apply its technology and expertise, and further accelerate the analysis of genomic characteristics of COVID-19.

In-Memory Computing Industry Segmentation

In-memory computing is the storage of information in the main random access memory (RAM) of dedicated servers rather than in complicated relational databases operating on comparatively slow disk drives. Type of components such as In-memory Data Management and In-memory Applications are considered unde the scope of the report. The In-memory Applications include in-memory analytics and in-memory application server.

By Component
In-memory Data Management
In-memory Application
By End-user Vertical
BFSI
Healthcare
IT & Telecom
Government
Other End-user Verticals
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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In-memory Computing Market Size Summary

The in-memory computing market is experiencing significant growth, driven by the increasing demand for faster data processing and analytics, as well as the need to simplify data architecture amidst a growing number of data sources. This technology, which allows for processing workloads much faster than traditional disk-to-memory configurations, is becoming essential for businesses aiming to enhance customer experiences and maintain a competitive edge. Companies across various industries are adopting in-memory computing to achieve the performance and scalability required for digital transformation and omnichannel customer experiences. Notable applications include American Airlines' use of in-memory computing to improve response times and automate processes, as well as advancements in instant payment capabilities through peer-to-peer transactions and mobile wallets.

The Asia-Pacific region is poised to be the fastest-growing market for in-memory computing, fueled by the presence of major economies like China, Japan, and India, which are hubs for data-intensive enterprises. The region's growth is further supported by the increasing demand for big data and the rise of SMEs. The market is characterized by high competitive rivalry and fragmentation, with major players such as SAP SE, Microsoft, and Oracle Corporation leading the charge through strategic partnerships, acquisitions, and product developments. These companies are focusing on enhancing their offerings to meet diverse market needs, as evidenced by collaborations like the one between Intel and SAP to optimize enterprise software applications.

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In-memory Computing Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Market Drivers

      1. 1.3.1 Explosion of Big Data

      2. 1.3.2 Growing Need for Rapid Data Processing

    4. 1.4 Market Restraints

    5. 1.5 Assessment of Impact of Covid-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Component

      1. 2.1.1 In-memory Data Management

      2. 2.1.2 In-memory Application

    2. 2.2 By End-user Vertical

      1. 2.2.1 BFSI

      2. 2.2.2 Healthcare

      3. 2.2.3 IT & Telecom

      4. 2.2.4 Government

      5. 2.2.5 Other End-user Verticals

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle East and Africa

In-memory Computing Market Size FAQs

The In-memory Computing Market is projected to register a CAGR of 25.37% during the forecast period (2024-2029)

SAP SE, SAS Institute Inc., TIBCO Software Inc., Oracle Corporation and Software AG are the major companies operating in the In-memory Computing Market.

In-memory Computing Market Report Snapshots

In Memory Computing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)