Global In-Memory Computing Market to reach USD 36.31 billion by 2027.Global In-memory computing Market is valued approximately at USD 11.4 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 18% over the forecast period 2021-2027. In- memory computing is a data storage which stores data in RAM rather than in databases hosted on disks. It can cache huge amount of data and enable extremely fast response times, as well as store session data, that can help achieve optimum performance. The global in-memory computing market is being driven by exponential growth of big data to improve machine-driven decision-making and decrease in the overall cost of RAM and TCO as well as increase in production with real-time and low-latency transaction processing. Furthermore, growth in the need for parallel processing and columnar databases and emergence of AI and ML-based technologies to gain real-time actionable customer insights, will provide new opportunities for the global in-memory computing industry. For instance, according to the data of Statista, total global value of data created, copied, captured, and consumed is forecasted to increase rapidly year on year, in year 2020 the value had reached 64.2 zettabytes and over the next five years to 2025, global data creation is projected to grow by more than 180 zettabytes. In year 2020, the value of data created and replicated stood at a new high. The big data market size is also increasing year by year, in 2019 the market value was 49 billion US dollars which increased to 56 billion US dollars and it is expected to reach at 103 billion US dollars by year 2027. As a result, growth of big data market as well as high rate of data consumption, will serve as a catalyst for the in-memory computing industry in the future. However, lack of standards and increase in volatility of data may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key regions considered for the regional analysis of global In-memory computing market. The rising demand for analytics and advanced analytics platforms from the small and medium businesses and by the government agencies in the region makes North America is the leading region across the world in terms of market share. Whereas Asia pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to adoption of In-memory computing technology by different verticals, such as manufacturing and retail which is expected to contribute to the growth of the market in the region.
Major market player included in this report are:

IBM
SAP
Oracle
SAS institute
Microsoft
Tibco
Altibase
GigasSpaces
Software AG
Red hat
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Solution
Services
By Deployment:
Cloud
On-premises
By Application:
Risk management and fraud detection
Sentiment analysis
Geospatial/ GIS processing
Sales and marketing optimization
Predictive analysis
Supply chain management
Others


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global In-Memory Computing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors