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.
View summary of this report @ 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
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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For More Information Visit - http://www.grandviewresearch.com/
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