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.
Full Research Report On Next Generation Non Volatile Memory Market Visit Here:
https://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 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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https://www.grandviewresearch.com/industry-analysis/next-generation-non-volatile-memory-market/request/rs1
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
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