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Software industry

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

Strategic Insights

— 1 min read

The global in-memory computing market has exhibited strong growth from 2015-2020, driven by increasing adoption of digitization of business operations and growing demand for real-time data analysis. The market is expected to continue growing at a compound annual growth rate (CAGR) of around 25% from 2021-2026, despite the uncertainties of COVID-19.

Key Takeaways:

  • The market was driven by the emerging trend of digitization of business operations, along with the growing demand for real-time analysis of data.
  • Organizations are adopting applications that can run advanced queries and perform complex analysis on large datasets, minimizing the load on the organization's information technology (IT) infrastructure and overall operational costs.
  • The increasing adoption of dynamic random-access memory (DRAM)-based IMC systems in the banking, financial services, and insurance (BFSI) industry is also contributing to the market growth.
  • Banks and other financial institutions use IMC for fraud detection, risk management, financial analysis, and monitoring of transactions.
  • The market is expected to grow due to improvements in the IT sector, along with the rising demand for rapid data processing across industries.

Statistics:

  • The global in-memory computing market exhibited a CAGR of around 25% from 2015-2020.
  • The market is expected to grow at a CAGR of around 25% from 2021-2026.
  • The market was driven by the emerging trend of digitization of business operations, with organizations adopting applications that can run advanced queries and perform complex analysis on large datasets.
  • The increasing adoption of DRAM-based IMC systems in the BFSI industry is contributing to the market growth.
  • Banks and other financial institutions use IMC for various purposes, including fraud detection, risk management, financial analysis, and monitoring of transactions.

Sources:

  • ResearchAndMarkets.com, "In-Memory Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report.
  • BusinessWire, "Research and Markets: Global In-Memory Computing Market 2021-2026" press release.

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