Global In-Memory Database Market Report and Forecast 2024-2032

Global In-Memory Database Market Outlook

The global in-memory database market size reached approximately USD 7.20 billion in 2023. The market is estimated to grow at a CAGR of 14.6% in the forecast period of 2024-2032, reaching a value of around USD 25.40 billion by 2032.

Key Trends in the Market

In-memory database (IMDB) is a database management system which relies on internal memory instead of a disk drive for data storage. It is mainly utilised by applications that require microsecond response time such as real-time analytics, billing and subscription services, and gaming leaderboard, among others.

• Growing usage of in-memory databases in tandem with cloud-hosted applications to improve processing speed is one of the key in-memory database market trends. Together, they offer features such as affordability, low latency rate, fast query execution, and scalability to users.

• Increased incorporation of IMDB with business intelligence (BI) tools to solve complex and time-consuming business scenarios by providing superior performance efficiency and speed is another crucial trend aiding the market expansion.

• The surging adoption of IMDB for IoT applications due to its capability to provide the data processing speed of 100,000 transactions per second and improve the real-time analytics capabilities of IoT devices also contributes to the in-memory database market growth.

• Growing developmental efforts by key players to enhance the abilities of in-memory databases are also favouring the market expansion. For instance, in November 2023, Aerospike released version 7 of its in-memory database which allows users to choose the appropriate storage engine depending on the workload.

Market Analysis

Based on application, the market is divided into reporting, analytics, and transaction, among others. On the basis of processing type, the market is bifurcated into online analytical processing and online transaction processing.

Based on license type, the market is classified into open source, proprietary, and commercial. The in-memory database market segmentation, on the basis of deployment model, includes on-premises and cloud. Based on enterprise size, the market is classified into small and medium enterprises and large enterprises.

On the basis of end use, the market is categorised into BFSI, IT and telecommunication, retail and e-commerce, healthcare and life sciences, government and defence, manufacturing, and media and entertainment, among others. The major regional markets of in-memory database are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the in-memory database market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• SAP SE

• TIBCO Software Inc.

• IBM Corporation

• Oracle Corporation

• SingleStore, Inc.

• Redis Ltd.

• Exasol AG

• Aerospike, Inc.

• Altibase Corp.

• The Apache Software Foundation

• Others

Market Share by End Use

The IT and telecommunication sector occupies a significant portion of the in-memory database market share as it deals with a large volume of data regularly, which requires fast processing speed. IMDBs are also being used to strengthen data security as well as protect the data from unwarranted attacks in several IT enterprises.

The increasing number of mobile broadband subscriptions also presents lucrative opportunities for the market growth. Additionally, telecom services require low latency for calls and network connectivity, further creating scope for the market.

Market Share by Region

As per the in-memory database market analysis, North America accounts for a substantial share of the global market, due to the burgeoning presence of several market players that are focused on research and development activities. The robust growth of end-use sectors such as BFSI, retail, healthcare, and IT and telecommunication, among others, in the region is also expected to provide a positive market outlook.

Moreover, the increased reliance of regional businesses on BI tools integrated with in-memory databases for superior performance supports the market expansion.

Competitive Landscape

SAP SE, founded in 1972, is a multinational software company, with its headquarters in Walldorf, Germany. The company offers a network of enterprise application software to various organisations for enhanced operational efficiency. It also aspires to promote zero emissions as well as zero waste through its sustainability approach.

TIBCO Software Inc. is a provider of enterprise software, established in 1997 and based in California, the United States. It offers its solutions in the sectors of banking, energy, government, healthcare, retail, and telecommunications, among others. In the year 1997, the company became one of the 12 partners of Microsoft in the development of push technology.

SingleStore, Inc., incorporated in 1911 and headquartered in San Francisco, the United States, is a provider of cloud and on-premise solutions. It offers aSQL database, which grants flexibility of deployment to clients. Some of the company’s featured partners include AWS, Infosys, IBM, and Cognizant, among others.

Other in-memory database market players include IBM Corporation, Oracle Corporation, Redis Ltd., Exasol AG, Aerospike, Inc., Altibase Corp., and The Apache Software Foundation, among others.

Key Highlights of the Report