About In Memory Computing
In memory computing uses the Random Access Memory (RAM) to store the information instead of operating on slow disk drive. It uses the middleware software to store the data and process it in parallel. In memory computing provides 2 to 3x performance as RAM is 5000 times faster than spinning disk. Additionally, this technology uses sophisticated data compression to store the data. It helps in detecting the pattern, analyze massive data patterns so that the business customers can take their actions quickly. These advantages is creating a high demand for in memory computing which is propelling the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.3% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global In Memory Computing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), SAP SE (Germany), Oracle (United States), Microsoft (United States), Altibase (United States), ScaleOut Software (United States), HCL Technologies Limited (India) and GridGain (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Software AG (Germany) and Exasol (Germany).
Segmentation Overview
AMA Research has segmented the market of Global In Memory Computing market by and Region.
On the basis of geography, the market of In Memory Computing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. BFSI will boost the In Memory Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions, the sub-segment i.e. Online Analytical Processing (OLAP) will boost the In Memory Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. In-Memory Data Management (IMDM) will boost the In Memory Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Usage of Analytics for Decision Making and Adoption of Technology Owing to Increasing Digitalization
Market Growth Drivers:
Drop in Memory Prices is leading to Increase in Popularity of in Memory Computing Technology and Need For Improved Performance of Analysis Due to Growth of Big Data
Challenges:
Lack of Industry Standards and Concerns Regarding the Security of Data
Restraints:
Limited Storage Space for Large Data
Opportunities:
Increasing Usage of Internet and Mobile Banking and Rising IT Sector in Developing Economies
Market Leaders and their expansionary development strategies
In October 2018, IBM has acquired Red hat. This acquisition will help in diversifying the technology hardware and consulting business.
In January 2022,Samsung Electronics, a world leader in advanced semiconductor technology, today announced its demonstration of the world’s first in-memory computing based on MRAM (Magnetoresistive Random Access Memory). The paper on this innovation was published online by Nature on January 12 (GMT), and is set to be published in the upcoming print edition of Nature.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations
Key Finding and Research Objectives
Manufacturers Raw Material Suppliers Distributors and Traders Research Organizations Government Agencies Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.