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.

The leading vendors in the market are –

• IBM
• Oracle
• SAP

The other prominent vendors in the market are Altibase, GigaSpaces, GridGain Systems, Hazelcast, Microsoft, Software, ScaleOut Software, and TIBCO.

Segmentation by application and analysis of the IMC market

• BFSI
• Retail
• Telecom and IT
• Healthcare
• Aerospace and defense

During 2016, the BFSI segment accounted for the major shares of the IMC market. The evolution of stringent compliance norms and the growth of mobile-based applications may prove to be the major factors driving the growth of the in-memory computing market in this segment.

Geographical segmentation and analysis of the IMC market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the IMC market throughout the forecast period. The increasing adoption of advanced technologies by numerous enterprises for ensuring cost and operational efficiencies and the presence of several large players, will drive the market’s growth prospects in this region.

Key questions answered in the report include

• What will the in-memory computing market size and growth rate be in 2021?
• What are the key factors driving the global in-memory computing market?
• What are the key market trends impacting the growth of the global in-memory computing market?
• What are the challenges to market growth?
• Who are the key vendors in the global in-memory computing market?
• What are the market opportunities and threats faced by the vendors in the global in-memory computing market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global in-memory computing market?