In-Memory Computing Market Size

In-Memory Computing Market size was valued at USD 15.65 billion in 2023 and is set to exceed USD 111.44 billion by the end of 2036, registering over 16.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of in-memory computing is evaluated at USD 17.69 billion.

In-memory computing is essentially used for information storage. In-memory computing reduces latency in data transactions and analyses data in real-time to enhance decision-making. Increasing usage of the internet and mobile banking requires large data processing, which is also expected to provide industry growth avenues. The growing trend towards increasing the RAM size is expected to provide avenues for in-memory computing market growth. Numerous government initiatives, such as the Unique Identification Card, to increase digitization at the national level create the need for IMC, thereby growing industry demand. The industry is characterized by technological advancement and is slowly shifting from traditional disk-based to Dynamic Random-Access Memory based in-memory computing. Innovations like multi-core architecture, parallel server, and NAND flash memory will contribute to future growth in the market. The software segment's progress, such as column-centric database, compression techniques, and handling aggregate table, are expected to catalyse industry growth over the coming years.