In-Memory Computing (IMC) is an emerging field of importance in the big data industry. IMC especially applies to processing problems that require extensive access to data analytics, reporting, data warehousing, high-speed transactions, and big data applications. IMC relies on keeping data on the server’s RAM rather than in complicated relational databases operating on comparatively slow disk drives.
IMC has been gaining popularity due to the drop in computer memory prices, exponential data growth, and an increasing trend toward using analytics for decision-making. Business of all sizes and across all industries can benefit from the cost savings obtainable through in-memory technology. In-memory databases also reduce the burden on a company’s overall IT landscape, freeing up resources. IMC allows a company to run existing scenarios much more quickly and cost-effectively than traditional, on-disk technology. It helps boost business insights, increases efficiency, and reduces IT costs providing competitive advantage.
IMC has huge market opportunities in Banking, Financial Services, and Insurance (BFSI), retail and healthcare, together contributing nearly 45% of the IMC revenue in 2015. As the industries are witnessing a sharp increase in transactional and analytical requirements for voluminous big data, in-memory solutions are fast finding place in almost every database warehousing and analytics application. IMC technology is being adopted highly in the niche segments and niche user cases. Moreover, IMC technology is also seeing a rapid growth in the various emerging regions such as Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. Due to the exponential growth of data, many business organizations are demanding real-time analytics in order to adapt to the challenging business conditions and also to take advantage of short window transient opportunities. Hence, due to the rapid adoption of IMC, drop in the prices of computer memory and growing demand of real-time analytics, the growth of IMC market is expected to witness great revolution in terms of technological advancements and will witness high growth rate in the near future.
MarketsandMarkets has recently published a study on “In-Memory Computing Market – Worldwide Forecast and Analysis to 2020”. According to MarketsandMarkets analysis, the global IMC market is expected to grow from USD 5.58 billion in 2015 to USD 23.15 billion by 2020, at a CAGR of 32.9% during the forecast period.
In the study, the IMC market has been segmented on the basis of verticals such as BFSI, telecommunications and IT, healthcare, retail, transportation, energy & utilities, government, transportation, energy and utilities, and others. The report “In-Memory Computing Market (IMC) (2015–2020)” segments the global market on the basis of components, sub-components, organization sizes, verticals, and regions, along with providing an in-depth analysis and market size estimations. The components include In-Memory Databases (IMDB) and In-Memory Application Platform (IMAP). The sub-components have been further divided on the basis of solution types, product types, and platform types. The report also identifies the drivers, restraints, and opportunities prevalent in the market along with premium insights for the market. The report has also been segmented by region: North America, Europe, APAC, MEA, and Latin America. A detailed analysis of the key industry players has been done to provide insights into their products and services, strategies, and recent developments associated with the IMC market.
