The report of “Non-Vlatile Memory Market” by type (electrically addressed (ROM, NVRAM, emerging memory), mechanically addressed(magnetic tape, hard-disk drive, optical-disc drive, millipede memory, holographic data storage), and others(FRAM, Zero-RAM, Nanobridge, Molecular)), by applications (consumer electronics, healthcare monitoring application, automotive & transportation application, enterprise storage, industrial, and others), by vertical (telecom & IT, healthcare, automotive, energy & power, manufacturing industries, and others), by Geography (North America, Europe, Asia Pacific, Middle East & Africa and South America) – is expected to reach US$ 117.54 Bn by 2027, at a CAGR of 10.5%.
Increasing demand for faster access and low power consumption memory devices has dominated to higher adoption of non-volatile memory primarily in automotive, consumer electronics, and healthcare industries. Moreover, growing replacement of traditional memory with emerging non-volatile memory is also boosting the non-volatile memory market growth. However, low write endurance rate and restricted storage capacity restrain the market growth. Irrespective of the challenges, increase in demand for non-volatile memory mostly in flexible electronics and emergence of advanced storage technologies such as 3D XPoint, MRAM, SONOS, and NRAM would provide enormous opportunity for the market.
Enterprise storage is the largest application segment in non-volatile memory market
Enterprise storage is the largest application segment in non-volatile memory market. However, consumer electronic application is expected to most lucrative application and expected to register the highest CAGR during the forecast period. The growth is primarily driven by rising use of non-volatile memory in consumer electronics, mostly in smartphone and wearable devices to enable more storage and faster memory access. Moreover, Asia-Pacific is the major contributor in consumer electronics segment with a significant revenue contribution.
Asia-Pacific is expected to the largest market share of the non-volatile memory market
Asia-Pacific is expected to the largest market share of the non-volatile memory market, owing to large number of data centers and rising automotive & consumer electronics manufacturing. Additionally, growing IT expenditures in some countries including Japan and India to satisfy the end-user storage needs have boosted the market growth.
This report includes a study of marketing and development strategies, along with the product portfolios of prominent companies. It includes the profiles of leading manufacturers such as Fujitsu Ltd., Sidense Corporation, Samsung Electronics Co., Ltd., Crossbar Inc., Adesto Technologies Corporation, Micron Technology Inc., Sandisk Corporation, Intel Corporation, Kilopass Technology Inc., and Viking Technology.
Maximize market research, a market research firm with a dedicated team of specialists and data has carried out extensive research about the non-volatile memory market. Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the non-volatile memory market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain non-volatile memory market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Non-Volatile Memory Market”
https://www.maximizemarketresearch.com/market-report/global-non-volatile-memory-market/25023/
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