In-memory computing enables the storage of large amounts of data in the random access memory (RAM) of a server instead of complex relational databases. This helps business customers, such as retailers, bankers, and utilities, to detect market patterns and trends and analyze huge amounts of relevant data, thereby resulting in faster and more efficient operations. The decline in memory prices is among the major factors driving the growth of the in-memory computing market in North America.
North America In-Memory Computing (IMC) market is expected to grow from $880.1 million in 2013 to $3,873.3 million by 2018, at a CAGR of 23.4% from 2013 to 2018. The market is primarily driven by the increased adoption of sophisticated technologies for ensuring efficiency in cost and operations.
North America In-Memory Computing (IMC) market has higher demand as compared to other regions. This is due to the fact that this region comprises of various developed economies such as Canada and the U.S. Enterprises in these economies are adopting and implementing sophisticated technologies including in-memory computing.
The North American market has been segmented into retail, government, and BFSI, among others, on the basis of application/industry verticals. In addition, the market has also been segmented in terms of deployment models, end-users, and the major countries in the region. These segmentations provide huge insights into the structure of the market. The report also throws light on the market dynamics such as drivers and restraints impacting the growth of the North American market.
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