Global In-Memory Computing Market Expected to Reach US Dollar

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Newark, NJ, November 02, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global memory computing market is expected to grow from USD 11.47 billion in 2020 to USD 41.53 billion by 2028, at a CAGR of 17.45% during the forecast period 2021-2028.

There are factors that are driving the growth of the global in-memory computing market. Some of them include the growing adoption of cloud and IoT, the growing use of the web, the growing need for rapid data processing and the explosion of big data in different verticals, and the growing trend of increasing the size of RAM. Apart from this, to maintain a competitive advantage and meet the demands of an optimal customer experience in the current scenario, companies are looking for solutions to cope with the constant increase in available data and endless demands for better performance. and faster. This promotes the development of computer technologies in memory.

In-memory computing means using middleware software to store data in RAM on a cluster of computers and process it in parallel. The advantage of in-memory computing is the ability to regularly cache endless amounts of data. This ensures a fast response time for exploration. Additionally, another benefit of in-memory computing is the ability to process events for improved complicated event processing. RAM storage and parallel distributed processing are the two mainstays of in-memory computing.

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The global in-memory computing market is expected to experience significant growth owing to the growing need for faster processing and analysis of big data. In addition, the increasing introduction of technologies based on machine learning (ML) and artificial intelligence (AI) to gain real-time actionable insights into consumers is expected to drive the growth of the in-memory computing market in the region. during the forecast period. Apart from this, the growing need to unify transactional and analytical processing for real-time information and closed-loop analytics is expected to further increase the growth of in-memory computing market. Lack of skilled specialists to operate in-memory computer systems and concerns about data mining are expected to dampen the growth of the market. Moreover, to create a BI tool using the BI platform, a person needs analytical skills, technical skills and critical thinking. Several end-user verticals do not have enough people with these specific analytical knowledge and skills. Thus, a gap in the analysis capability required to create a complex BI solution is one of the biggest challenges most end-use companies face in the in-memory computing market.

The main players operating in the in-memory computing market are Gridgrain Systems, IBM, Oracle, SAP SE, Microsoft, ScaleOut Software, TIBCO, Software AG, Gigaspaces, Red Hat, Altibase, Fujitsu and Hazelcast. To gain significant market share in the in-memory computing market, major players are now focusing on adopting product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships. . TIBCO Company is a leading manufacturer operating in the in-memory computing market.

  • For example, in May 2019, TIBCO Company acquired SnappyData, a provider of a Spark-based data program. The provisioning is expected to allow data researchers to explore new, larger data sets with a highly scalable, high-speed in-memory data store.

The small and medium business segment dominated the market and held the largest market share of 56.28% in 2020.

Based on organization size, the global in-memory computing market is segmented into large enterprises and small to medium enterprises. The small and medium business segment dominated the market and held the largest market share of 56.28% in 2020. This growth is attributed to the growing number of SMEs.

The cloud segment dominated the market and held the largest market share of 58.10% in 2020.

Based on the mode of deployment, the global in-memory computing market is segmented into on-premises and cloud. The cloud segment dominated the market and held the largest market share of 58.10% in 2020. This growth is attributed to the increasing adoption of cloud-based in-memory computing in several industries due to better reliability and faster data sharing.

The risk management and fraud detection segment dominated the market and held the largest market share of 27.20% in 2020.

On the basis of applications, the global in-memory computing market is segmented into Sentiment Analysis, Risk Management & Fraud Detection, Sales & Marketing Optimization, Geospatial / GIS Processing, and Predictive Analytics. The risk management and fraud detection segment dominated the market and held the largest market share of 27.20% in 2020. This growth is attributed to the need for organizations to focus on improvement of their risk intelligence capacities to combat risk exposure.

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The BFSI segment dominated the market and held the largest market share of 23.38% in 2020.

Based on the vertical, the global in-memory computing market is segmented into BFSI, transportation, government, retail, healthcare, and others. The BFSI segment dominated the market and held the largest market share of 23.38% in 2020. This growth is attributed to the increasing use of mobile and internet banking services.

Regional Segment Analysis of In-Memory Computing Market

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Russia, rest of Europe)
  • Asia-Pacific (China, Japan, India, rest of APAC)
  • Latin America (Brazil, Argentina)
  • The Middle East and Africa (South Africa, United Arab Emirates, Saudi Arabia and the rest of the MEA)

On the basis of geography, the in-memory computing market has been classified as North America, Europe, Latin America, Asia-Pacific, Middle East and Africa. The North America region holds the largest market share of 26.39% in 2020. This growth is attributed to the increasing application of predictive analytics using in-memory computing through SMEs and government entities. in the countries of the region. On the other hand, the Asia-Pacific region is experiencing significant growth due to the adoption of IMC technology across different verticals such as retail and production. In addition, the growing adoption of IoT and the cloud and the growing use of the web are expected to experience significant growth during the forecast period. Besides, increasing investments from various historical technology players is one of the factors propelling the market in APAC region.

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About the report

Global In-Memory Computing Market is analyzed on the basis of its value (in billions of US dollars). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each coin. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges to gain key insights into the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the positioning grid of the competitors.

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Fior Markets is a futuristic market intelligence company, helping clients develop their business strategies and make better decisions using actionable intelligence. With a transparent information pool, we achieve client goals, high level engagements and targeting possible perspectives for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market research reports, including in industries such as technology, pharmaceuticals, consumer goods, food & beverage, chemicals, media, materials and many more. Our strategic intelligence capabilities are purposefully planned to drive the expansion of your business and elucidate the strength of a diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective fields. The global market research reports we provide involve qualitative and quantitative analysis of the current market scenario according to the separate geographic regions and complete performance in different regions with a holistic approach. Plus, our syndicated research reports offer a comprehensive guide to keeping businesses up to date with the major overhaul coming in their fields. Fior Markets facilitates clients with personalized research analyzes based on their exact needs, specifications and challenges, whether it is full desk research, investigative work, composition of multiple methods, detailed interviews or competitive intelligence. Our research experts are experienced in matching the exact people and methodology to your business needs.

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