2014-01-23 04:05:01 - In-Memory Computing (IMC) Market: Global Advancements, Worldwide Market Forecasts & Analysis 2013-2018 - a new market research report on companiesandmarkets.com
The global in-memory computing market is suggested to have grown to a value of around $2.21 billion at the beginning of 2013, and is forecast to expand to a total of $13.23 billion by the end of 2018. This suggests a CAGR growth rate of 43% between 2013 and 2018.
As the industry is witnessing a sharp rise in transactional and analytical requirements for voluminous big data, In-Memory Computing solutions are fast finding a place in almost every database warehousing and analytics application. Traditional disk-based systems do have storage capabilities, but when it comes to faster analysis of data, traditional disk-based systems lag behind.
Apart from processing speed, disk-based systems require a lot of physical space to store massive volume of data.
Under such circumstances, when enterprise data is growing to the level of terabytes and petabytes, data management becomes very difficult. Apart from voluminous data, requirements for massive parallel processing has increased, which has further increased the demand for technologies with higher processing speed.
Although In-Memory Computing, as a concept, was introduced in the late twentieth century, its adoption has been slow, owing to the high cost of the main-memory â Dynamic Random Access Memory (DRAM). IMC provides enhanced features such as reduced latency level and provision of real-time data on demand.
Major vendors in the IMC market space include SAP, Oracle, IBM, Altibase, Qliktech, while companies such as GridGain, ScaleOut Software, Exasol, Software AG have also emerged as key innovators in this space. This report analyzes market dynamics, future roadmaps and global trends, and provides forecast over the next five years.
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