Press release
Global In-Memory Computing Market Size, Share, Opportunities, Revenue, Future Scope And Forecast To 2033
In-Memory Computing Market
The Business Research Company presents an extensive market research report on the In-Memory Computing Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The in-memory computing market size has grown exponentially in recent years. It will grow from $22.89 billion in 2023 to $27.67 billion in 2024 at a compound annual growth rate (CAGR) of 20.9%. The growth in the historic period can be attributed to increased data volumes, increased demand for real-time insights, digital transformation initiatives, explosion of big data, cybersecurity needs..
The in-memory computing market size is expected to see exponential growth in the next few years. It will grow to $61.32 billion in 2028 at a compound annual growth rate (CAGR) of 22.0%. The growth in the forecast period can be attributed to accelerated digital transformation, expansion of cloud-based solutions, greater emphasis on real-time decision support, financial sector applications, database performance optimization.. Major trends in the forecast period include edge computing requirements, big data handling, iot data processing, ai and machine learning, enhanced customer experience..
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Key Market Players:
Major companies operating in the in-memory computing market report are Microsoft Corporation, Oracle Corporation, SAP SE, International Business Machines Corporation, SAS Institute Inc., TIBCO Software Inc., Software AG, Gridgrain 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
Market Drivers:
An increase in data volumes across industries is expected to propel the growth of the in-memory computing market going forward. The rise in data volumes, the migration of data to a cloud-based solution, and the growing number of IT users have increased data volume creation. With more employees likely to be hired during a period of economic growth, it necessitates more software subscriptions that result in adding more data. This growing demand for data has increased the demand for and use of in-memory computing, which enables data to be stored in RAM across a cluster of computers and processed in parallel under an easy process with a shorter duration. For instance, in January 2022, according to the First side Guide, Serbia-based information and technology provider company, predicted the total quantity of data produced worldwide to be over 79 zettabytes in 2021. Furthermore, according to an article published by Forbes, in December 2020, the volume of data created, generated, recorded, replicated, and consumed worldwide increased by nearly 5,000%, from 1.2 trillion gigabytes to 59 trillion gigabytes. Therefore, the increase in data volumes will drive the growth of the demand for the in-memory computing market.
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https://www.thebusinessresearchcompany.com/report/in-memory-computing-global-market-report
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/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 Defence, Energy and Utilities, Media and Entertainment, Others End users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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