New Report - Global In-Memory Computing (IMC) Market Study To 2020: Grand View Research, Inc.
Increased need for real-time data management to address the consistent surge in enterprise data is expected to drive the in-memory computing market. The low-cost, high-efficiency technology is expected to gradually replace the conventional disk-based technology owing to its inherent capacity enabling efficient data storage, access and management.
Increased demand for simulation and data prediction technologies is expected to favourably impact market growth over the forecast period. Declining prices of next generation memory modules such as STT-RAM, DRAM, and flash is expected to drive the IMC market. Growing adoption in several industry verticals such as banking, telecommunication, military & defense, retail, finance, telecommunications and logistics is projected to open up new avenues in the market. BFSI is expected to constitute a significant proportion of the market owing to the high utility of IMC in this sector. Retail and government are expected to emerge as lucrative markets over the forecast period. Data security issues and lack of skilled labor are factors that are expected to hinder market growth over the forecast period. Lack of uniform standards worldwide is expected to pose a challenge to market growth. The advent of 64-bit computing and emergence of big data is expected to provide vital growth opportunities to the IMC market.
The key market players in the IMC market include SAP, Oracle, IBM, Altibase and Qliktech. Google Inc. and Facebook use IMC technology to store data to enable quick access to relevant information. SAP offers SAP HANA which can be used on on-premise, cloud and enterprise cloud platforms.
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