The Global Market for In-Memory Computing (IMC) is Projected to Reach US$12.6 Billion by 2020

The Need for Faster & Real-Time Data Analysis to Drive Growth in the Global In-Memory Computing (IMC) Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global In-Memory Computing (IMC) market. The global market for In-Memory Computing (IMC) is projected to reach US$12.6 billion by 2020, driven by the increasing emphasis on high-performance computing and real-time analysis and the growing prominence of big data, 64-bit computing systems, multi-core processors, and predictive analysis.

In-Memory Computing (IMC) refers to a storage technology in which the information is stored on the main random access memory (RAM) rather than the slow disk drives. With enterprise transactions witnessing voluminous growth, there is an immediate need to manage storage of large databases and expedite real-time analysis. While hard disk-based technology has traditionally addressed the storage needs of customers, these storage systems have fallen short in terms of rapid analysis of data on a real-time basis. To address these issues, IMC has emerged as an alternative storage technology. Since the main system memory stores the entire database, IMC reduces physical space requirements and latency of data analysis. High-performance hardware, 64-bit operating systems, stable middleware, data compression, parallel processing and low cost of computer memory are contributing to the emergence of IMC as a practical, effective and affordable means of improving data accuracy and speed, particularly in a scenario where analytics and business intelligence are becoming imperative to enterprise IT strategy.

Rapid explosion of data in enterprise networks and increasing emphasis on high-performance computing and parallel computing are major growth drivers in the market. Exponential growth in unstructured data such as audio, video, and images, and the growing availability of Meta data including keywords and descriptions are facilitating increased adoption of in-memory computing. The growing prominence of big data and the advent of 64-bit computing are further anticipated to stimulate growth in the market. With its data compression and de-duplication capabilities, IMC technology allows big data to be transformed into actionable information, in real-time. Also, the rising prominence of multi-core processors and predictive analysis is shifting emphasis onto faster technologies that can rapidly analyze huge volumes of data in the real-time. Vendors are increasingly focusing efforts on predictive analytics, as a means to gain a competitive edge, for which IMC is an essential prerequisite.

Expanding applications into various industry verticals including telecom, banking & financial services, retail, military & defense, logistics and retail will additionally offer fresh new opportunities for growth in the coming years. Small and medium enterprises (SMEs) are active adopters of IMC, given the technology’s ability to cut down costs. Adoption of IMC technology is also being fostered by the continuous decline in the cost of RAM and the increasing maturity of software systems.

As stated by the new market research report on In-Memory Computing (IMC), Europe represents the largest regional market worldwide. Rapid growth in data volume across all industries in Europe is driving focus on the need for efficient management of such data, thereby stimulating adoption of IMC technology. Asia-Pacific and Latin America are forecast to emerge as the fastest growing regional markets over the analysis period, led by the need to efficiently store, analyze and use data for high-impact decision making.

Major players covered in the report include Altibase Corporation, EXASOL AG, Fujitsu Ltd., Gigaspaces Technologies, GridGain Systems Inc., IBM Corporation, Kinaxis, Kognitio Ltd., Microsoft Corporation, NTT DATA Corporation, Oracle Corporation, Pivotal Software Inc., Qlik Technologies Inc., Red Hat Inc., SAP SE, SAS Institute Inc., ScaleOut Software Inc., Software AG, TIBCO Software Inc., among others.

The research report titled “In-Memory Computing (IMC): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ Million for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America).

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