In-Memory Computing Market Size, Share, Growth Analysis, By Component(In-memory Data Management, In-memory Application Platform), By Organization Size(Small & Medium Business, Large Enterprise), By Vertical(BSFI, Transportation, Government, Retail), By Application(Risk Management & Fraud Detection, Sentiment Analysis, Geospatial/GIS Processing, Sales & Marketing Optimization), By Region - Industry Forecast 2024-2031

North America accounted for a relatively higher revenue share than other regional markets in the global In-memory computing market. Attributed to the recent development in the region, North America is an important market for IMC allowing for near real-time calculation of analytical conclusions from raw data, it helps to increase flexibility in two dimensions: the integration of new data sources and the adjustment of the analysis. Developers can simply update analytical techniques without putting in a lot of effort because all that is necessary is a query modification. In addition, robust presence of major players such as Microsoft Corporation, Oracle Corporation, International Business Machines Corporation, TIBCO Software Inc., and Intel Corporation, among others in countries in the region, is expected to boost revenue growth of the market in the region.

Asia Pacific is expected to register a significantly faster revenue growth rate than other regional markets during the forecast period due to increasing deployment of in-memory computing systems across SMEs for advanced analytics in countries in the region. In addition, increasing adoption of advanced technology in BFSI, government, and retail & e-commerce sectors in countries such as China, Japan, South Korea, and India is expected to augment revenue growth of the market in Asia Pacific. India, China, and Japan, have various KPOs and BPOs. These centers are required to store huge data, analyze them, which are then needed for decision making. There is also huge potential for SME’s growth in this region. Furthermore, increasing investment by various incumbent technology players is one of the factors propelling the market growth in the APAC region.