Market Trends of In-memory Computing Industry
This section covers the major market trends shaping the In-memory Computing Market according to our research experts:
In-memory Data Management to Hold Significant Share
In-memory data management is the process of monitoring and managing the storage retrieval and operations of data stored within a computer, server or other computing device memory.
- In-memory technology has become a relied-upon part of the data world, now available through most major database vendors. In-memory can process workloads up to 100 times faster than disk-to-memory configurations, which enables business at the speed of thought.
- In-memory databases and technologies enable decision makers to get to the information they are seeking rapidly and more readily.
- While in-memory technology has been on the market for many years, currently, the demand for intelligent, interactive experiences requires back-end systems and applications operating at high performance, and incorporating movement and delivery of data faster than ever before.
- According to a recent Unisphere-AWS survey, over the next 3 years, 60% of IT managers, DBAs, and C-level executives expect to store more data in the cloud than on-premise. In addition, the use of NoSQL platforms, including document, graph, columnar, and in-memory, which are still in the relatively early days of adoption, will also see an increase, spurred by new applications for the technology and an increased availability of skills and expertise.
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Asia-Pacific to Witness Fastest Growth
- Asia-Pacific is estimated to be the fastest-growing region, owing to the presence of countries, such as China, Japan, and India. These countries act as the hub for enterprises such as BPOs and KPOs, and hence are known as manufacturing factories of the world. The very basic foundation of such organizations is the huge quantities of data that need to be stored, analyzed, and then used for the purpose of decision-making. This indicated the huge growth potential for the IMC market in Asia-Pacific.
- The increased demand for big data and growing number of SME’s offers huge opportunities for growth in this region. Increasing investment by several incumbent technology players are some of the factors driving the market in the APAC region.
- The in-memory computing market is consolidated, with major players, such as SAP SE, Microsoft, Oracle, Altibase, and others. These players adopted various strategies, such as new product developments, in addition to collaborations and partnerships, and business expansions to accommodate the needs of the market. The major market players have adopted acquisitions and integrations as major strategy to expand their market shares, security portfolio, and customer base.
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