Westford, USA, Oct. 17, 2022 (GLOBE NEWSWIRE) — As data continues to grow at an unprecedented rate, businesses are turning to in-memory computing market to help them deal with the influx. In-memory computing (IMC) is a type of computer architecture that stores data in main memory instead of on disk. This allows for much faster access to data as the data can be accessed directly from memory rather than being retrieved from disk first.
IMC is increasingly supported by vendors. Most major relational database management system (RDBMS) vendors now offer some form of in-memory option or plug-in. In addition, there are a number of specially developed in-memory databases on the market. As vendor support continues to increase, adoption of IMC technology will also increase.
The growing demand for in-memory computing market is driven by the need for speed. In a world where business moves at the speed of light, companies need to be able to access data and make decisions quickly. IMC platforms provide the high performance needed to support real-time decision making and other time-sensitive operations.
In addition, IMC platforms are well suited for processing big data workloads. The ability to quickly process large amounts of data is becoming increasingly important as companies strive to understand the ever-growing amount of information being generated by their businesses.
IMC technologies in the global in-memory computing market are also gaining popularity due to their flexibility. Unlike traditional relational databases that require specific data structuring, IMC platforms can accommodate complex data structures and work with unstructured data sources such as social media feeds and sensor data. This makes them ideal for use cases like fraud detection, customer segmentation, and real-time personalization.
With so many benefits, it’s no wonder the demand for the in-memory computing market is growing rapidly. As technology advances, SkyQuest anticipates even broader adoption in the years to come.
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The SkyQuest survey states that over 65% of in-memory computing is used for transactional and analytical processing
As organizations increasingly turn to in-memory computing (IMC) to support real-time analytics and decision-making, a new study from SkyQuest provides insights into how IMC is being used today, the benefits achieved, and the challenges.
The study, “In-Memory Computing: Powering Real-Time Analytics and Decision-Making,” surveyed nearly 500 technology and business executives worldwide to understand how IMC is being used in organizations, the benefits achieved to date, and the implementation challenges of IMC solutions.
This is the finding of the survey on the global in-memory computing market
, IMC is primarily used for transactional processing (66%), analytical processing (65%), business intelligence/reporting (60%) and data warehousing (57%). The top three benefits of using IMC are improved performance (cited by 82% of respondents), better scalability (80%) and lower costs (78%).
However, there are also challenges in implementing IMC. The top three challenges cited by respondents are managing data growth (48%), high cost (44%) and complexity/difficulty of use (41%). Other notable challenges include integrating IMC with existing systems (39%) and managing data security/privacy concerns (38%).
Despite the challenges, companies are optimistic about the future of IMC, with nearly all respondents saying they plan to increase or maintain investment in this space over the next two years.
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The top 5 companies generate over 50% of the revenue in the in-memory computing market
The global market is growing rapidly and is expected to reach $41.53 billion by 2028, according to a report by SkyQuest. The report cites increasing demand for real-time data processing and analytics as a key driver of this growth.
The in-memory computing market is growing rapidly at a CAGR of over 17% and the top 5 in the industry hold half of the market share. This is due to a number of factors, including the high cost of entry, the economies of scale of these large companies, and the fact that in-memory computing is still a relatively new technology.
The high cost of entry into the in-memory computing market is one of the main reasons why only these big players have been able to succeed. In-memory computing requires expensive hardware and software, and it can be difficult to get started without the right resources.
The economies of scale of these companies are another reason why they hold such a large market share. They can afford to invest heavily in research and development, which keeps them one step ahead of the competition.
After all, in-memory computing is still a relatively new technology, and it takes time for organizations to learn how to use it effectively. The top 5 players in the industry have been able to invest heavily in this space, giving them a significant advantage over their competitors.
There are a number of companies that are leading the in-memory computing market and these companies are responsible for over 50% of the industry’s revenue. These companies include SAP, Oracle, IBM, Microsoft and Teradata.
The in-memory computing market is a hot topic in the technology industry right now, and IBM is one of the leaders in this space. We recently published an analysis of IBM’s in-memory computing offerings.
IBM has a strong portfolio of in-memory computing products and services. The company is “well positioned to help customers take advantage of in-memory computing technology. SkyQuest found that there are some challenges IBM needs to address, such as: B. the fact that their products are currently only available for a limited number of customers. However, they believe that IBM is aware of these challenges and is working to address them.
IBM is at the forefront of developing this technology in the global in-memory computing market and its products are used by large organizations around the world. In addition, IBM has a strong partner ecosystem and is able to offer customers a complete in-memory computing solution for customer success.
Overall, we believe IBM is a strong player in the in-memory computing space and is well positioned to help customers take advantage of this emerging technology.
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Major players in the global in-memory computing market
- GigaSpaces
- GridGain Systems, Inc.
- Hazelcast, Inc.
- IBM
- Microsoft
- oracle
- JUICE
- SAS Institute Inc.
- SoftwareAG
- TIBCO Software Inc.
Related reports in SkyQuest’s library:
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Global market for location analytics
Global Sports Analytics Market
Global Neobanking Market
Global Market for Procurement as a Service
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