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

In-Memory Computing Market size was valued at USD 12.79 billion in 2019 and is poised to grow from USD 14.45 billion in 2023 to USD 40.5 billion by 2031, growing at a CAGR of 12.5% in the forecast period (2024-2031).

In-memory computation (or in-memory computing) is the technique of running computer calculations entirely in computer memory (e.g., in RAM). This term typically implies large-scale, complex calculations which require specialized systems software to run the calculations on computers working together in a cluster. As a cluster, the computers pool together their RAM so the calculation is essentially run across computers and leverages the collective RAM space of all the computers together. Global In-memory computing market is growing excessively as the demand for fast processing memory systems and grids are rising, corporates add fast-paced in-memory computing system to improve the performance and expand their space in the respected market. In the fast-paced, performance-driven market eco-system, the concept of faster the better plays a vital part. Global in-memory computing market proliferates as it becomes a faster and better way to store data. An in-memory computing system saves time, costs and enhances the operability of any corporate space that deals with data.

Tech giants Lenovo and Intel tied up with Chinese BGI Genomics to use their technology on their platforms to accelerate the recovery process. This explains the mixed impact of covid-19 on the global in-memory computing market. Over the past several years, companies across a broad range of industries increasingly started adopting in-memory computing platforms to achieve the application performance and scalability they need to achieve their digital transformation or Omni channel customer experience goals. Further, developments with respect to peer-to-peer transactions, bitcoins and mobile wallets are an addition to the instant payment capabilities. This enables the service providers to ensure a level of reliability and scale capacity ahead of demand. And, in-memory computing platform helps them by offering low latency, scalability and resilience.

US In-Memory Computing Market is poised to grow at a sustainable CAGR for the next forecast year.