In-Memory Computing Market 2023-2028 Analysis, Industry Size, Share, Trends and Forecasts

According to the latest report from IMARC Groups, titled In-Memory Computing Market: Industry Trends, Share, Size, Growth, Opportunities and Forecasts 2023-2028The global market size of in-memory computing reached US$16.3 billion in 2022. Looking ahead, IMARC Group expects the market to reach US$41.3 billion by 2028, with a growth rate of ( CAGR) of 16.6% in the period 2023-2028.

In-memory computing (IMC) is the process of storing information in the random access memory (RAM) of dedicated servers instead of the relatively slower disk drives. In line with this, it is a solution architecture that typically stores data in a number of clusters to provide real-time processing insights. In-memory processing is typically complemented by disk or solid-state storage for recovery, archiving, and historical data access. It enables an organization to analyze large amounts of data, detect patterns, and take action in a timely manner. IMC is widely used for services, such as insurance claims modeling, social gaming, investment banking, real-time advertising platforms, geospatial computing, medical imaging, etc.

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Market trend

The growing demand for real-time data analytics and the emerging trend of digitalization of business operations are primarily driving the in-memory computing market. Furthermore, the widespread adoption of applications by organizations that can perform advanced queries and perform complex analysis on large datasets is further catalyzing the growth of the market. Besides that, IMC helps in reducing the burden on enterprises information (IT) infrastructures and overall operating costs by freeing up resources, increasing business knowledge, improving efficiency, etc., which acts as another significant growth driver. Furthermore, the growing use of DRAM (Dynamic Random Access Memory) based IMC systems in the banking, financial services and insurance (BFSI) industry is also positively influencing the global market. Aside from that, the growing popularity of IMC for risk management, fraud detection, financial analysis and transaction tracking, etc. is boosting the growth of the market. Furthermore, continued improvements in the IT industry are expected to fuel the in-memory computing market over the forecasted period.

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List of Key Companies Covered in This Market Report:

• Altibase Corp.
• Fujitsu Ltd.
• GigaSpaces Technologies Inc.
• GridGain Systems Inc.
• HCL Technologies Limited
• International Business Machines Corporation
• Microsoft Corporation
• NTT DATA Corporation (Nippon Telegraph and Telephone)
• Oracle company
• SAP SE
• SAS Institute Inc.
• Software AG
• TIBCO Software Inc. (Vista Equity Partners)

The report segmented the market on the basis of type, component, organization size, vertical, and geography.

Breakage by component:

• In-memory data management solutions and services
• Computing platforms in memory
  • Server applications
  • Analytics applications

Division by size of organization:

• Small and medium enterprises
• Big business

Division by vertical:

• BFS extension
• Health care
• IT and Telecommunications
• Government
• Others

Breakdown by geographic area:

• North America (United States and Canada)
• Europe (Germany, UK, France, Italy, Spain, Russia and others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
• Latin America (Brazil, Mexico)
• Middle East and Africa

Highlights of the report:

• Market performance (2017-2022)
• Market prospects (2023-2028)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the personalisation.

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IMARC Group is a leading market research firm offering market research and management strategies worldwide. We partner with clients across industries and regions to identify their most valuable opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include important market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are at the top of the company’s expertise.

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