The global next generation non-volatile memory (NVM) market is
expected to reach USD 7.46 billion by 2024, according to a new study by Grand
View Research, Inc. Increasing need for fast and economical storage solutions
across diverse applications is estimated to drive industry growth over the
forecast period.
Next Generation Non Volatile
Memory is used for various applications such as enterprise, industrial and
automotive to store and manage information, which is expected to augment market
growth over the next six years. Increasing use of Next Generation Non Volatile
Memory in mobile phones to enhance customer experience is expected to fuel
market growth.
The increasing demand for
wearable electronics and replacement of flash memory storage may provide new
growth avenues to the Next Generation Non Volatile Memory industry. Low
environment stability and high design cost may act as a restraint to market
growth over the forecast period.
All common computing platforms
from handheld devices to supercomputers use storage systems to store data
permanently or temporarily. Smart cards store a few bytes of data and are
expected to grow at a significant rate over the forecast period. Economical and
efficient solution development is expected to be a critical success factor for
industry players.
The Asia Pacific market is
expected to grow at a considerable rate owing to increasing demand for
smartphones and tablets. Additionally, presence of key market players in
countries such as China, India, Japan and South Korea is also expected to
positively impact the regional market over the forecast period.
Browse full research report on Next Generation NVM Market:
http://www.grandviewresearch.com/industry-analysis/next-generation-non-volatile-memory-market
Further key findings from
the study suggest:
- Efficient programming and eras ability options
offered by MRAM product segment is predicted to impel industry growth over
the next eight years
- Cache memory and enterprise storage was a major
application segment in 2015 and accounted over 57% of the overall industry
in the same year
- North America was estimated to be the key regional
market in 2015
- Key industry participants include Samsung Electronics
Co. Ltd., IBM Corp, Adesto Technologies, Crossbar Inc., Fujitsu Ltd,
Toshiba Corporation, and Intel Corporation
- Toshiba along with SK Hynix are working on production
of Next Generation Non Volatile Memory chips, which is expected to
decrease power consumption and increase data transfer speed
Browse more reports of this category by Grand View
Research : http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global next generation
non volatile memory market on the basis of product, application and region:
Next Generation Non Volatile Memory Product Outlook
(Revenue, USD Million; 2014 - 2024)
- FeRAM
- PCM
- MRAM
- ReRAM
Next Generation Non Volatile Memory Application Outlook
(Revenue, USD Million; 2014 - 2024)
- Mobile
Phones
- Cache
Memory & Enterprise Storage
- Industrial
& Automotive
- Mass
Storage
- Embedded
MCU & Smart Cards
Next Generation Non Volatile Memory Regional Outlook
(Revenue, USD Million; 2014 - 2024)
- North
America
- Europe
- Asia
Pacific
- RoW
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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