In-Memory Computing Market worth $13.23 Billion by 2018

Monday 9 September 2013, Amsterdam

This report "In-Memory Computing (IMC) Market In Memory Data Management, IMDB (Pure, Hybrid, OLAP, OLTP, Relational IMDB, NoSQL IMDB), IMDG, In-Memory Application Platforms (IMAP) - Global Advancements, Worldwide Market Forecasts and Analysis (2013-2018)" defines and segments the global In-Memory Computing markets across various sub-segments and regions. In this report, it also identifies the drivers and the restrains for this market with insights on the trends, opportunities, and challenges.

As the industry is witnessing a sharp rise in transactional and analytical requirements for voluminous big data, In-Memory solutions are fast finding place in almost every database warehousing and analytics application. Traditional disk-based systems do have storage capabilities, but when it comes to faster analysis of data, traditional disk-based systems lag behind. Although IMC, as a concept was introduced in the late twentieth century, its adoption has been slow, owing to the high cost of the main-memory; Dynamic Random Access Memory (DRAM). IMC provides enhanced features such as reduced latency level and provision of real-time data on demand. Major vendors in the IMC market space include SAP, Oracle, IBM, Altibase, Qliktech, while companies such as GridGain, ScaleOut Software, Exasol, Software AG have also emerged as key innovators in this space. This report analyzes market dynamics, future roadmaps and global trends, and provides forecast over the next five years.

Today database management and analysis technologies are ubiquitous. From private sector organizations to public/government sector, data management and analysis technologies play a vital role to achieve operational efficiency. Organizations, today, need technologies which can store more data in lesser space and analyze the same at higher speed. This is the time where database management technologies are facing major shift from traditional database technologies to new possibilities. Such changes lead to breakthrough technologies such as In-Memory Computing, which replace the traditional ways and reshape the whole market with higher adoption.

IMC is one of such technology which is being readily accepted by enterprises today. Several industry verticals such as retail, banking and financial services, and telecommunication are adopting this technology for voluminous data management and real time analytics. As per a new research study, the global market for In-Memory Computing is expected to grow from $2.21 billion in 2013 to $13.23 billion in 2018, at a CAGR of 43.0% during this forecast period.