In-Memory Computing Market Worth 23.15 Billion USD by 2020

In-Memory Computing (IMC) primarily refers to storage of data in the main Random Access Memory (RAM) of the server rather than in complicated relational databases operating on slow disk drives. IMC helps customers to analyze massive data volumes at faster speed and reduces the latency of storage. It enables faster decision making, integration, and cost reduction and makes leveraging big data possible. IMC, in a nutshell, refers to moving data which has traditionally been stored on hard discs into main memory. By storing the data in the main memory, the latency of processing is reduced dramatically.

The global market for IMC technology is expected to witness great revolution in terms of technological advancements and increasing presence in different parts of the world. The demand for IMC market is majorly driven by the recent decline in RAM costs.

According to a new market research report, “In-Memory Computing Market by Component (IMDM, IMAP), Sub-Components (IMDB, IMDG), Solutions (OLAP, OLTP), Verticals (BFSI, Retail, Government, & others) – Global Forecast to 2020″, published by MarketsandMarkets, The global IMC market is expected to grow from USD 5.58 Billion in 2015 to USD 23.15 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 32.9%.

In-Memory Computing (IMC) primarily refers to storage of data in the main Random Access Memory (RAM) of the server rather than in complicated relational databases operating on slow disk drives. IMC helps customers to analyze massive data volumes at faster speed and reduces the latency of storage. It enables faster decision making, integration, and cost reduction and makes leveraging big data possible. IMC, in a nutshell, refers to moving data which has traditionally been stored on hard discs into main memory. By storing the data in the main memory, the latency of processing is reduced dramatically.

The global market for IMC technology is expected to witness great revolution in terms of technological advancements and increasing presence in different parts of the world. The demand for IMC market is majorly driven by the recent decline in RAM costs. Also, a massive surge in big data and increasing demand for real-time analysis of big data are driving the growth of this market.  Major vendors in the IMC market space include SAP, Oracle, IBM, Altibase, and Microsoft, while companies such as GridGain, Software AG, Fujitsu, Software AG, and Gigaspaces have also emerged as key innovators in this space.

The components include In-Memory Databases (IMDB) and In-Memory Application Platform (IMAP). The sub-components have been further divided on the basis of solution type, product type, and platform type. The report also identifies the drivers, restraints, and opportunities prevalent in the market along with premium insights for the market. The report has also been segmented by region: North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. A detailed analysis of the key industry players has been done to provide insights into their products and services, strategies, and recent developments associated with the IMC market.

Verticals rapidly adopting the IMC technology include BFSI, retail, and healthcare, contributing more than 46.6% of the total IMC revenue in 2015. BFSI is expected to have the highest market share by 2020, while government and IT & telecom are expected to be emerging verticals, growing with Compound Annual Growth Rates (CAGRs) of 32.7% and 33.1%, respectively.

Asia-Pacific is one of the growing regions in the IMC market. The major drivers for this region are increasing volume of big data and presence of a large number of SMBs. The Asia-Pacific region has a potential market for IMC across various industry verticals, such as BFSI, retail, healthcare, government, telecom & IT, and many others. The region has a growing number of SMBs and highly skilled workforce which represents huge potential for growth in this market.