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Global In-Memory Computing Market – by Product Type, Application, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)
In-Memory Computing Market – Segmented by Product Type, Application, Region | Market Size, Growth, Drivers, Trends, Industry Structure and Forecasts, Competitive Intelligence, Company Profiles | MarkGenes
In-Memory Computing (IMC) primarily involves storage of information in the Random-Access Memory (RAM) of servers rather than traditional complicated databases that operates on slower disk drives. It helps the customers to analyse massive data volumes at faster speed and reduces latency in data transactions. IMC enables faster decision making, integration, and cost reduction and makes leveraging big data possible.
The global In-Memory Computing market was USD 8.17 billion in 2018 and is estimated to reach USD 22.64 billion by 2025 at a CAGR of 15.67% during the forecast period.
Growth by Region
Asia Pacific is estimated to have the fastest growth rate owing to factors such as presence of countries like China, Japan and India where there are huge opportunities for growth and experiences huge demand for big data and has a growing number of Small and Medium Enterprises. Also increasing investment by major technology players is one of the factor that drives the market’s growth in this region. North America is expected to contribute a significant market share during the forecast period owing to the early adoption of this technology in various industry verticals.
Drivers vs Constraints
The factors that drives the growth of the market includes rising need for rapid data processing, growing demand for effective and easy data access, increase in transactional and analytical needs across industries, increasing big data adoption, rising usage of in-memory analytics for decision-making and increasing usage of mobile banking and internet services which requires enormous amount of data processing. Also hardware innovations such as parallel, server, NAND flash memory, and multi-core architecture are expected to contribute towards the growth of the market during the forecasted period.
High migration cost from traditional to sophisticated system, compatibility issues, data security and increased costs due to increased use of RAM and DRAM are some of the factors that hampers the growth of the market.
Industry Trends and Updates
In November 2017, Hewlett Packard Enterprise (HPE) launched HPE Superdome Flex. It is claimed to be world’s most scalable and modular in-memory computing platform.
In October 2017, IBM announced the demonstration of In-memory computing, with a million devices for applications in AI.
In May 2017, Hewlett Packard Enterprise and SAP collaborated for in-memory industrial IoT packages, this collaboration was aimed to enable users to upgrade their operations and business models.
Browse other Information and Communication Technology reports at: https://markgenes.com/industry-reports/information-and-communication-technology
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