In-Memory Computing Market Size to Hit US$ 41.3 Billion by 2028 | CAGR of 16.6%

According to IMARC Group's latest report, titled "In-Memory Computing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global in-memory computing market size reached US$ 16.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.3 Billion by 2028, exhibiting a growth rate (CAGR) of 16.6% during 2023-2028.

In-memory computing (IMC) represents the process of storing information in the random-access memory (RAM) of the dedicated servers instead of comparatively slower disk drives. In line with this, it is a solution architecture that usually stores data in a number of clusters to deliver real-time processing insights. In-memory computing is generally complemented by on-disk or solid-state storage for recovery, archiving, and accessing historical data. It enables an organization to analyze large amounts of data, detect patterns, and perform operations promptly. IMC is extensively utilized for services, such as insurance claim modeling, social gaming, investment banking, real-time advertising platforms, geospatial processing, medical imaging, etc.

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Market Trends

The escalating demand for real-time analysis of data and the emerging trend of digitization of business operations are primarily driving the in-memory computing market. Additionally, the widespread adoption of applications by organizations that can run advanced queries and perform complex analyses on large datasets is further catalyzing the market growth. Besides this, IMC aids in reducing the load on the information technology (IT) infrastructures of businesses and overall operational costs while freeing up resources, boosting business insights, enhancing efficiencies, etc., which is acting as another significant growth-inducing factor. Moreover, the rising utilization of dynamic random-access memory (DRAM)-based IMC systems across the banking, financial services and insurance (BFSI) industry is also positively influencing the global market. Apart from this, the inflating popularity of IMC for risk management, fraud detection, financial analysis and monitoring of transactions, etc., is augmenting the market growth. Furthermore, continuous improvements in the IT sector are anticipated 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 Corporation
SAP SE
SAS Institute Inc.
Software AG
TIBCO Software Inc. (Vista Equity Partners)

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

Breakup by Component:

In-Memory Data Management Solutions and Services
Databases
Data Grids
In-Memory Computing Platforms
Server Applications
Analytics Applications

Breakup by Organization Size:

Small and Medium Enterprises
Large Enterprises

Breakup by Vertical:

BFSI
Healthcare
IT and Telecom
Government
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive 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 a part of the customization.

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