Embedded Non-Volatile Memory Market Size Is Anticipated To Reach $471.5 Million By 2022

The global embedded non-volatile memory market size is expected to reach USD 471.5 Million by 2022, according to a new study by Grand View Research, Inc. The emergence of memory technology such as RRAM and revamp in the FRAM architecture are expected to drive market growth over the forecast period. Surge in demand for Internet of Thing (IoT) applications in order to build smart devices is also expected to catapult the industry demand over the next seven years.

Demand for automation across several end-use industries including industrial, automotive, and consumer electronics might provide avenues for industry growth. Rapid industrialization in developing regions is also expected to drive product demand over the forecast period.

The development of devices integrating wireless communication technologies such as Near Field Communication (NFC), Bluetooth, and ZigBee requires miniature components owing to consumer demand for compact devices. Migration from conventional to embedded-NVM owing to low-power consumption and high efficiency offered by these memory devices is expected to impel industry demand over the forecast period. This is also anticipated to be a key growth opportunity for industry participants.

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Embedded Non-Volatile Memory Market Report Highlights

• In 2014, eFlash dominated the market in terms of revenue with over 33% of the market share in the same year. The segment is anticipated to witness considerable growth over the next seven years owing to the upsurge in electric car adoption. Further, the product offers high performance and is primarily used to store data as well as code. Rise in the adoption of smart technologies across the automobile sector is anticipated to positively impact product demand over the next seven years. eE²PROM is also expected to witness a growth at a CAGR exceeding 15% from 2015 to 2022, which might be primarily attributed to increased adoption of devices offering enhanced data security.
• FRAM uses hybrid memory technology and combines the functionality of SRAM as well as flash. Growing adoption of EEPROM memory against FRAM, primarily in IoT-based MCUs is expected to elevate product demand over the next seven years. FRAM’s implementation on the basis of CMOS architecture has resulted in the elimination of density issues and is anticipated to provide avenues for embedded non-volatile memory market growth.
• RRAM is also a hybrid memory technology capable of storing huge data amounts on a single chip, using 3D-stacking technology to save space. In addition to the efficient storing features, RRAM has a compact structure and is preferred as a viable option for application in consumer electronics.
• Asia Pacific is expected to dominate the eNVM industry owing to the presence of several key foundries as well as smart devices manufacturers in the region. The regional demand accounted for over 30% of the market revenue in 2014. Industrialization in developing countries such as India and China is expected to contribute towards the regional market growth over the forecast period.
• Prominent industry participants include United Microelectronics Corporation (UMC), Microchip Technology Inc., HHGrace, Kilopass, eMemoryTechnology Inc., and Semiconductor Manufacturing International Corporation (SMIC)

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Embedded Non-Volatile Memory Market Segmentation

Grand View Research has segmented the global embedded non-volatile memory market on the basis of product and region:

eNVM Product Outlook (USD Million; 2012 - 2022)

• eFlash
• eE²PROM
• FRAM

eNVM Regional Outlook (USD Million; 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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.

For more info visit @ https://www.grandviewresearch.com

 

Next Generation Non Volatile Memory Market Size Is Predicted To Reach $7.46 Billion By 2024

The global next generation non-volatile memory market size 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.

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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 next generation non-volatile memory 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

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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.

For more info visit @ https://www.grandviewresearch.com

 

Knowledge Process Outsourcing Market Size Is Projected To Reach $124.29 Billion By 2025

The global knowledge process outsourcing market size is expected to reach USD 124.29 billion by 2025, according to a new report by Grand View Research, Inc. The outsourcing of knowledge processes facilitates the maximum utilization of resources at much lower costs. In addition, growing opportunities in legal process outsourcing and increasing applications in the IT & telecom, healthcare, and pharmaceutical segments are driving the market growth.

The presence of a large pool of resources in emerging economies is resulting in the growth of knowledge process outsourcing firms. Currently, companies prefer outsourcing work that involves critical processes and a large amount of time so that they can employ their resources in other revenue-generating tasks, which, in turn, saves the time and money of organizations.

The IT and telecom segment is expected to grow at a faster rate with a CAGR of 20.8% over the forecast period. Increasing data in the IT and telecom industries is resulting in larger usage of analytical tools and R&D in the field to extract useful information thereby resulting in growth of the market over the years.

The engineering and design segment has a large market share and is valued at USD 5.53 billion. Owing to technological advancement in the engineering sector, there is a high demand for outsourcing the designing part of the components.  The Latin American region is expected to witness the fastest growth in the global KPO market due to the increasing emphasis laid on research and analysis of data by many large and medium size companies present in the region.

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Further key findings from the report suggest:

• The analytics & market research segment dominated the knowledge process outsourcing market in 2016 and is estimated to generate a revenue of over USD 45.18 billion by 2025. The growing data over the globe has resulted in increasing demand for analytical tools and market research to segregate useful information from the massive chunk of available raw data
• The legal process outsourcing segment is anticipated to witness the fastest growth at a CAGR of 21.5% over the forecast period. Many companies outsource their legal tasks to experts in order to reduce time and costs incurred.
• The BFSI segment was valued at USD 9.66 billion in 2016 and is estimated to reach USD 37.94 billion by 2025.Increasing concerns for revenue cycle and managing the customer data requires lot of time and hence companies in this segment are outsourcing these tasks
• The industry in Latin America is projected to witness a substantial growth over the forecast period, which is attributed to the increasing number of skilled workforce. The regional market is expected to attain USD 9.13 billion by 2025
• Key players including McKinsey & Company, Moody’s Corporation, ExlService Holdings, Inc., Wipro Ltd., and HCL Technologies Ltd. dominate the global knowledge process outsourcing market

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Grand View Research has segmented the global knowledge process outsourcing market on the basis of service, application, and region:

Knowledge Process Outsourcing Service Outlook (Revenue, USD Million; 2014 - 2025)

• Analytics & Market Research
• Customer & Marketing Analytics
• Operations & Supply Chain Analytics
• Competitive Intelligence & Industry Analysis
• Engineering & Design
• Financial Process Outsourcing
• Legal Process Outsourcing
• Publishing Outsourcing
• Research & Development Outsourcing
• Others

Knowledge Process Outsourcing Application Outlook (Revenue, USD Million; 2014 - 2025)

• BFSI
• Healthcare
• IT & Telecom
• Manufacturing
• Pharmaceutical
• Retail
• Others

Knowledge Process Outsourcing Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Philippines
• Latin America
• Brazil
• Middle East & Africa

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.

For more info visit @ https://www.grandviewresearch.com

 

2D Barcode Reader Market Size Is Projected To Reach $8.6 Billion By 2025

The global 2D barcode reader market size is expected to reach USD 8.60 billion by 2025, registering a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow as incumbents of industries, such as retail, transportation & logistics, warehousing, and e-commerce, continue to adopt various tools to increase the operational efficiency of their business operations. Initiatives being undertaken by businesses to develop innovative strategies and adopt strategic methods and tools to gain a competitive edge in the marketplace also bode well for the growth of the market.

A barcode reader is emerging as one of the solutions that can potentially help businesses in ensuring lean operations and improving productivity. As a result, manufacturers operating in the market are responding to the situation by focusing on the development of innovative technologies for enhancing the barcode reading capabilities and offering numerous benefits to several end-use industries. The development of 2-Dimensional (2D) barcode scanners has particularly helped in solving several problems and challenges, such as having the capability to scan 2D barcodes while also ensuring the backward compatibility to scan 1-Dimensional (1D) barcodes.

A 2D barcode reader has assumed a pivotal role in increasing the operational efficiency of businesses. Owing to advantages such as higher accuracy, higher scanning speed, reduction in clerical cost, and improvement in customer service, the 2D barcode reader has cemented its position as a prominent tool for streamlining internal and external operations. Apart from being compact and flexible, the reader can also turn out to be an economical solution with a payback period of just 3-6 months. It is particularly getting vital for the industrial sector as a result.

The adoption of barcode technology as an automatic identification/scanning system has helped significantly in reducing human errors. A typical error rate for human data entry is estimated at around 1 error per 300 characters typed. However, the error rate of a barcode reader is estimated at 1 error per 35 trillion characters. Thus, from accelerating the checkout process in the retail industry to tracking inventories in warehouses, barcode scanners have eventually proliferated into a myriad of business operations. These scanners can not only help businesses in conserving their resources but in optimizing the data entry process, improving real-time visibility of the products, and enhancing the productivity of employees.

However, the proliferation of mobile barcode Software Development Kits (SDKs) is anticipated to hinder the growth of the market. Organizations with low-volume operations are particularly preferring smartphones over scanners for barcodes to reduce their operational costs. The adoption of Bring Your Own Device (BYOD) policies is also anticipated to encourage the adoption of barcode scanning apps over readers. In other words, any growth in the usage of smartphones for scanning barcodes can potentially take a toll on the demand for dedicated 2D barcode readers.

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2D Barcode Reader Market Report Highlights

• The global market for 2D barcode reader was valued at USD 6.39 billion in 2018 and is expected to exhibit a CAGR of 4.7% from 2019 to 2025
• The handheld segment accounted for the largest revenue share of over 65% in 2018 and is anticipated to register a CAGR of 5.2% over the forecast period
• The logistics segment is anticipated to exhibit the highest CAGR of 6.1% over the forecast period as transporters continue to deploy barcode readers at their logistics facilities
• The warehousing segment dominated the market in 2018 and was valued at USD 2.60 billion as warehousing companies aggressively adopted 2D barcode readers to track inventories
• The Asia Pacific regional market was valued at USD 2.66 billion in 2018 and is expected to register a significant growth rate owing to the booming e-commerce industry and the continued rollout of warehousing network, particularly in developing countries, such as India and China
• The key players dominating the 2D barcode reader market include Zebra Technologies Corporation, Datalogic S.p.A., Cognex Corporation, Honeywell International Inc., and Keyence Corporation, among others

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2D Barcode Reader Market Segmentation

Grand View Research has segmented the global 2D barcode reader market on the basis of product type, application, and region:

2D Barcode Reader Product Type Outlook (Revenue, USD Million, 2015 - 2025)

• Handheld
• Fixed

2D Barcode Reader Application Outlook (Revenue, USD Million, 2015 - 2025)

• Warehousing
• Logistics
• E-commerce & Retail

2D Barcode Reader Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• MEA

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.

For more info visit @ https://www.grandviewresearch.com

Automotive Wiring Harness Market Size, Share, Revenue, Latest Industry Trends And Analysis

The global automotive wiring harness market size is expected to reach USD 77.15 billion by 2025 at a 6.2% CAGR during the forecast period, according to a study conducted by Grand View Research, Inc. Rising integration of electronic devices in vehicles has positively affected demand for automotive wiring harnesses. Embedding wiring harness in a vehicle provides numerous benefits such as low probability of electrical shortage, improved fuel efficiency, and enhanced performance. Moreover, employing technologically advanced systems such as infotainment systems and advanced driver assistance systems in vehicles is expected to drive demand over the forecast period.

Increasing adoption of electric vehicles (EVs) in developing regions is also anticipated to drive the automotive wiring harness market as the number of electronic components used in EVs is significantly higher than that in conventional automobiles. Increasing tax benefits and incentives by governments across the globe is also propelling demand for EVs, consequently driving the sales of wiring harnesses.

Demand for automotive wiring harness is directly proportional to increase in vehicle production. Thus, increasing levels of disposable income across developed economies, particularly emerging economies such as India, Brazil, and China, are driving the automotive manufacturing industry, which, in turn, is expected to trigger the growth of the wiring harness industry.

Full Research Report On Automotive Wiring Harness Market Visit Here: https://www.grandviewresearch.com/industry-analysis/automotive-wiring-harness-market

Automotive Wiring Harness Market Report Highlights

• Based on component, the terminals segment is projected to witness the fastest growth over the forecast period, primarily driven by development of advanced technologies in the automotive field, including driver assistance systems and safety features
• By application, the chassis segment accounted for approximately 30% of the overall revenue in 2017 as they are used in various vehicle components such as headlamps, fog lamps, and turn indicators
• Demand for battery electric vehicles (BEVs) is driven by increase in fossil fuel prices, enforcement of emission laws, and anticipated expansion of charging infrastructure worldwide, all of which is slated to drive the segment by EV
• By vehicle type, the light vehicle segment is anticipated to witness the highest CAGR, which is ascribed to increasing production of passenger cars in emerging markets
• Asia Pacific leads the worldwide market in terms of automotive production and is anticipated to register significant growth over the forecast period. Rising demand for enhanced safety and convenience features in mid-segment vehicles, coupled with availability of low-cost labor, is spurring sales
• Major industry players include Aptiv PLC, Sumitomo Electric Industries, Ltd., Yazaki Corporation, and Leoni AG. Recycling components to attain raw materials and ability to optimize costs through low-cost labor country sourcing are expected to emerge as key success factors for manufacturers in this industry.

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Automotive Wiring Harness Market Segmentation

Grand View Research has segmented the global automotive wiring harness market based on component, application, electric vehicle, vehicle, and region:

Automotive Wiring Harness Component Outlook (Revenue, USD Million, 2014 - 2025)

• Electric Wires
• Connectors
• Terminals
• Others

Automotive Wiring Harness Application Outlook (Revenue, USD Million, 2014 - 2025)

• Body
• Chassis
• Engine
• HVAC
• Sensors

Automotive Wiring Harness Electric Vehicle Outlook (Revenue, USD Million, 2014 - 2025)

• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)

Automotive Wiring Harness Vehicle Outlook (Revenue, USD Million, 2014 - 2025)

• Light Vehicles
• Heavy Vehicles

Automotive Wiring Harness Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• North America
• Brazil
• Middle East & Africa

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.

For more info visit @ https://www.grandviewresearch.com