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Global In-Memory Computing Market to Grow at 25% CAGR from 2021-2026

Strategic Insights

— 2 min read

The global in-memory computing market has exhibited strong growth during the 2015-2020 period, with an expected growth rate of 25% from 2021 to 2026. This growth is attributed to the increasing demand for real-time analysis of data, digitization of business operations, and the adoption of dynamic random-access memory (DRAM)-based in-memory computing (IMC) systems in the banking, financial services, and insurance (BFSI) industry. The market is expected to be driven by the emerging trend of digitization, growing demand for rapid data processing, and improvements in the information technology sector.

Key Takeaways:

  • The global in-memory computing market size is expected to reach $15.4 billion by 2026, growing at a compound annual growth rate (CAGR) of 25% during the forecast period (2021-2026).
  • The market is driven by the increasing adoption of IMC in the BFSI industry, particularly in areas such as fraud detection, risk management, financial analysis, and transaction monitoring.
  • The report highlights the key companies mentioned in the industry, including Altibase Corp., Fujitsu Ltd., GigaSpaces Technologies Inc., GridGain Systems Inc., HCL Technologies Limited, International Business Machines Corporation, Microsoft Corporation, NTT DATA Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Software AG, TIBCO Software Inc., and Vista Equity Partners.
  • The report also includes insights on the impact of COVID-19 on the global in-memory computing market, with the analyst continuously tracking and evaluating the direct and indirect influence of the pandemic on different end-use industries.
  • The market is expected to be driven by the emerging trend of digitization, growing demand for rapid data processing, and improvements in the information technology sector, leading to a competitive landscape involving key players in the industry.

Statistics:

  • The global in-memory computing market size is expected to reach $15.4 billion by 2026, growing at a CAGR of 25% from 2021 to 2026.
  • The BFSI industry is expected to drive the growth of the global in-memory computing market, with an estimated market share of 30% by 2026.
  • The market is expected to be driven by the growing demand for rapid data processing, with an expected compound annual growth rate (CAGR) of 25% from 2021 to 2026.
  • The top players in the global in-memory computing market account for 40% of the market share, while the remaining players account for 60% of the market share.

Sources:

  • "In-Memory Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report by ResearchAndMarkets.com
  • ResearchAndMarkets.com website, https://www.researchandmarkets.com/r/ujz1av
  • M2 PressWIRE, https://www.m2.com

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