Global In-Memory Database Market to Reach US$ 26.8 Billion by 2032, Fostered by Rapid Digital Transformation

July 06, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “In-Memory Database Market Report by Data Type (Relational, NoSQL, NewSQL), Application (Customer Experience Management, Design & Innovation, Operation Optimization, Marketing Management, Real-Time Analysis and Decision-making, and Others), End User (SMEs, Large Enterprises), Vertical (BFSI, Retail & E-commerce, Government & Defense, Healthcare, Manufacturing, Telecom & ITES, and Others), and Region 2024-2032,” the global in-memory database market size reached US$ 6.9 Billion in 2023. An in-memory database (IMDB) is a type of data management system that primarily relies on main memory for storing data, instead of depending on slower disk-based storage methods. This allows for significantly faster data processing times as it minimizes I/O operations, thereby providing real-time responses to complex queries. IMDBs are widely employed in big data and real-time applications, such as online transaction processing, financial services, telecommunication networks, and scientific research. They also help improve business performance, enabling organizations to make rapid and data-driven decisions. IMDBs also incorporate strategies like periodic data saving, transaction logging, and high availability options.

Global In-Memory Database Market Drivers:

The global in-memory database market is primarily being driven by the rapid rise in data volumes across businesses and the increasing complexity of data. IMDBs allow faster access to data, allowing them to perform real-time data analytics and fostering data-driven decision-making. In addition to this, digital transformation initiatives across industries are also catalyzing the market growth. As businesses move towards digital platforms, the demand for high-speed processing and real-time insights is increasing, thereby creating a favorable environment for the market. In addition to this, the exponential rise of Internet of Things (IoT) applications is also significantly contributing to market expansion. IoT devices produce vast amounts of data that require swift processing. In-memory databases, with their capability to handle high-speed data processing, are ideally suited for this demand, thereby driving their adoption in the market. Furthermore, the need for efficient and streamlined business processes in sectors like financial services, healthcare, and telecommunications is also fostering growth as these sectors require robust data management solutions to handle their extensive databases. Another significant driver is the rising popularity of cloud-based solutions. The advent of cloud computing has offered a cost-efficient platform for businesses to adopt in-memory databases. The scalability and flexibility of cloud services allow organizations of varying sizes to utilize IMDBs, broadening the market scope. Besides this, stringent regulatory requirements in several industries necessitate high-speed data analysis and real-time reporting. This need for faster, more effective data handling and reporting mechanisms is creating a demand for IMDB solutions. On account of these factors, the market value is expected to reach US$ 26.8 Billion by 2032, exhibiting a growth rate (CAGR) of 15.7% during 2024-2032.

Market Summary: 

  • Based on the data type, the market has been segmented as relational, NoSQL, and NewSQL.  
  • On the basis of the application, the report covers customer experience management, design & innovation, operation optimization, marketing management, real-time analysis and decision-making, and others.
  • On the basis of the end user, the market has been bifurcated into SMEs and large enterprises.  
  • Based on the vertical, the market has been segregated as BFSI, retail & e-commerce, government & defense, healthcare, manufacturing, telecom & ITES, and others.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being Altibase Corporation, Amazon Web Services, Datastax, Enea AB, IBM Corporation, Kognitio Ltd., Mcobject LLC, Microsoft Corporation, Oracle Corporation, SAP SE, Tableau Software, Teradata Corporation and VoltDB Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Data Type, Application, End User, Vertical, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Altibase Corporation, Amazon Web Services, Datastax, Enea AB, IBM Corporation, Kognitio Ltd., Mcobject LLC, Microsoft Corporation, Oracle Corporation, SAP SE, Tableau Software, Teradata Corporation and VoltDB Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global In-Memory Database Market to Reach US$ 26.8 Billion by 2032, Fostered by Rapid Digital Transformation
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More