Global Next Gen Memory Market Expected to grow at a CAGR of 29.4% during the forecast period 2019 – 2027

The global next gen memory market accounted to US$ 2.78 Bn in 2018 and is expected to grow at a CAGR of 29.4% during the forecast period 2019 – 2027, to account to US$ 26.57 Bn by 2027.

APAC was the leading geographic market and it is anticipated to be the highest revenue contributor throughout the forecast period. Presence of some of the leading manufactures such as Fujitsu, Samsung Electronics, SK Hynix, Toshiba Corporation, and others has fueled the developments in the next gen memory market in the region. China and India are the biggest catalysts of growth in the Asia-Pacific region. Further, countries such as Japan, South Korea, Taiwan, and others are pacing up in the next gen memory market.The rapidly expanding technology development coupled with humongous production of data has critically increased the demand of memories that are not only capable of handling large data efficiently but are also cost-effective and scalable. The next gen memory is something that fits into almost all these demands of the end-users. These type of memory technology offers relatively exclusive benefits to the industry players as they use less power and operate much faster than the already existing memory technologies. Apart from its speed and sustainability, the next gen memories are also non-volatile, offer better endurance, have erased –free functions and are bit-alterable. With so many advancements the, next-generation memory has already taken a prime space in the memory market by mooning over other traditional memory technologies.

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The key companies functioning in the market include  Microchip Technology Incorporated, Micron Technology, NXP Semiconductors N.V., Samsung Electronics , SK Hynix , Toshiba Corporation

The global next gen memory market is segmented on basis of type as volatile and non-volatile memory. Volatile memory comprises the advanced memory technologies including high bandwidth memory (HBM) and hybrid memory cube (HMC). On the other hand, non-volatile next-gen memory includes ferroelectric random access memory (FRAM), magnetic random access memory (MRAM), resistive random access memory (ReRAM), Phase-Change Memory (PCM), Nano RAM, and others. The global next gen memory market by type was led by non-volatile segment in the year 2017 and is anticipated to continue its dominance during the forecast period. The proliferation of IoT, smart nation applications and service digital economies generate huge data which need to store and analyse efficiently to improve society lifestyle and also businesses. Current data store and data analysis are based on traditional storage and computing hierarchy: storing data on hard disk or SSD and analysing data in volatile DRAM. Real time data analysis or low latency, high speed transaction is difficult to achieve for traditional system because data has to be ingested from the much slower disk or SSD to volatile memory.

 Few of the recent market initiatives are listed below:

2018:       Intel Corporation partnered with Micron Technology, Inc. to complete joint development for the second generation of 3D XPoint technology which is a non-volatile memory with dramatically lower latency and exponentially greater endurance than NAND memory at the Intel-Micron Flash Technologies (IMFT) facility in Lehi, Utah.

2018:       NXP Semiconductors signed a pact with Tata Consultancy Services to work together on unique solutions for automotive, security and IoT industries.

2018:       Cypress Semiconductor Corp. expanded its collaboration with Bosch Automotive to offer its automotive-grade Serial NOR Flash memories for Bosch’s next-generation video-based ADAS, thus facilitating robust performance even at temperatures up to 125°c with highest reliability.

Global Next gen memory Market – By Type

  • Volatile Memory
  • Non-Volatile Memory
    • FRAM
    • MRAM
    • ReRAM
    • Phase-Change Memory
    • Nano RAM
    • Others

Global Next gen memory Market – By Application

  • Consumer Electronics
  • Industrial
  • Automotive & Transportation
  • Enterprise Storage
  • Military & Aerospace
  • Healthcare
  • IT & Telecom
  • Others

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Reason to Buy:

  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the next generation memory market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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Posted by on Friday April 03 2020, 5:59 PM EDT. All trademarks acknowledged. Filed under Business Services. Comments and Trackbacks closed. Follow responses: RSS 2.0

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