In-memory computing: Key market research findings
- The Americas dominate the market geographically
- Integration of in-memory computing technology with analytic solutions
- Key vendors – IBM, Oracle, QlikTech, and SAP
Based on the research carried out by our analysts, the global market for in-memory computing is expected to grow at a CAGR of around $23 billion by 2020. The growth of this market can be accredited primarily to the rising demand for effective and easy data access. In-memory computing processes a large amount of data in the main memory of the server within seconds and helps shorten the execution time of the batch process. In-memory computing enables fast computational speeds, ensuring most accurate results with high data access speed. The global in-memory computing device market was dominated by the Americas with a market share of almost 47% during 2015. The higher adoption of in-memory technology in industries will contribute to further growth of the market in this region over the next four years.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Enterprises globally are experiencing increasing competition and are looking at different techniques to increase their competitive advantage and expand their businesses. Large numbers of in-memory computing vendors have begun to integrate in-memory computing technology with their analytic solutions such as Tibco Spotfire, QlikTech, and PowerPivot which allows end-users to load data to in-memory computing and manipulate it using Excel. SaaS-based in-memory computing applications are being implemented by companies to save costs and improve the effectiveness of analysis for decision making,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The need to improve market responsiveness is fueling the adoption of in-memory computing across the globe. Intense competition is prompting enterprises to increase the speed of processes that support competitive strategies, which, in turn, reduces the cycle time. In-memory computing provides real-time information that can enable organizations to avoid process delays and centralize management to improve market response and decision making. Furthermore, to achieve competitive advantage, organizations are required to transform the data into actionable intelligence by constant improvement of customer-facing strategies.
The key vendors in the global in-meory comnputing market include IBM, Oracle, QlikTech, and SAP. The fragmented structure of the market ecourages mergers and acquisitions. Large enterprise application vendors and core in-memory application vendors adopt consolidation strategies to increase their market presence and expand their reach in the market. Big companies are acquiring smaller ones with the motive of increasing their product base and market share. As a result, big companies gain a competitive edge by achieving technological advances and obtaining the opportunity to enter emerging or new markets. As many vendors are seeking to gain market share, more acquisitions are anticipated in the future.
A more detailed analysis is available in the Technavio report, Global In-memory Computing Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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