Global In-memory Computing Market 2017-2021

Overview of the global in-memory computing market

According to Technavio’s market research analysis, the rising demand from SMEs will be one of the major factors that will have a positive impact on the growth of the global in-memory computing (IMC) market during the forecast period. With the increasing number of SMEs, the volume of data generated is increasing significantly. SMEs are also focusing on increasing their online presence to improve their revenue share. Furthermore, digital businesses that use various technologies in their external and internal operations are also focusing on assisting SMEs to expand their presence across various geographies. This will make it difficult for SMEs to manage and analyze the huge real-time databases, which in turn, will drive the demand for in-memory computing, fueling market growth.  Our market research analysts predict that this market will register a revenue of almost USD 33 billion by 2021.

The rising usage of in-memory analytics for decision-making is one of the key trends that will gain traction in the in-memory computing market in the coming years. The utilization of analytics offers assistance in determining risks, weighing outcomes, and in quantifying the associated costs and benefits. Organizations are increasingly using analytics to gain a competitive advantage, improve performance, and to enhance their presence in the marketplace. This is inducing several companies to combine their analytics solutions with IMC, propelling the growth of the in-memory computing market.

Competitive landscape and key vendors 

The in-memory computing market consists of vendors who focus on the growth of predictive analytics. Focusing on developing innovative solutions in in-memory databases, the vendors in the market are increasingly focusing on R&D. With the increasing demand for IMC solutions in both the developing and developed countries, the competition among the vendors in this marketspace will intensify in the coming years.