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In-memory computing is defined as the process of storing data in the random-access memory of the computer rather than storing it in slow disk drives. In-memory computing makes it easier for users to examine massive data volumes at a faster rate and overall decrease the latency of storage. In-memory computing affects multiple processes such as integration of data, allowing faster decision making, and cost reduction. This makes it possible for analysis of big data. In-memory computing basically refers to the relocating data, which have been traditionally stored on hard disks into main memory. In-memory computing makes it easier for business customers involving retailers, banks, and services to quickly discover patterns, evaluate massive data volumes in a go, and execute their business activities rapidly.
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The growing demand for faster processing and analytics of big data and rise in usage of internet services are the factors driving the growth of the in-memory computing market. In addition, the increased acceptance of in-memory computing to gain a competitive edge, improve performance, and improve presence in the marketplace is driving the growth of the market. However, the instability of data and concerns regarding the security of the data are the factors hampering the growth of the in-memory computing market. Furthermore, the capability of in-memory computing technology to deliver speed, scalability, flexibility, and accessibility at a competitive cost is offering lucrative opportunities to the growth of the market during the forecast period.
The market trends for in-memory computing market are as follows:
Adoption of technology for data management
In-memory processes works faster than disk-to-memory systems, which allows businesses to speed up the decision-making process using the data. In-memory technologies allow decision-makers to reach to the information they are looking for rapidly and easily. In-memory technology has been in the market for several years and the demand for smart, interactive experiences involves back-end systems and programs to operate at high performance and deliver the data faster.
Asia-Pacific to witness significant growth
Asia-Pacific is expected to observe significant growth during the forecast period, owing to the presence of some of developing countries such as India and China. These countries are known for providing services such as business process outsourcing (BPO) & knowledge process outsourcing (KPO). These countries also have manufacturing plants. All the business processes performed require a huge quantity of data that requires storage, processing, and analysis for the purpose of decision making. Additionally, increasing investment by several technology players is driving the growth of the in-memory computing market in the Asia-Pacific region.
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