The non-volatile memory market is estimated to grow from USD 52.1 billion in 2017 to USD 98.6 billion by 2025; it is expected to grow at a CAGR of 8.3%. The growth of this market is mainly driven by the need for high-speed, low-power-consuming, and highly scalable memory devices as well as the growing demand for non-volatile memory in connected and wearable devices.
Browse 129 market data Tables and 72 Figures spread through 213 Pages and in-depth TOC on "Non-Volatile Memory Market - Global Forecast to 2025"
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1371262
The traditional non-volatile memory market led the market in 2016
The traditional non-volatile memory refers to 2D NAND Flash, NOR Flash, NVSRAM, EEPROM, EPROM, and embedded non-volatile memory (eFlash, eEEPROM, embedded multi-time programmable memory (eMTP), embedded one-time programmable memory (eOTP), eFuse, and more. For the past four decades, the semiconductor memories have expanded largely and achieved higher densities, lower power, and lower costs. The embedded non-volatile memory has gained significant attention in the connected devices and IoT market because of its higher efficiency under ultra-low power. Basic memories such as ROM and EPROM are increasingly being used in toys and greeting cards to store a single permanent code for voice message. Therefore, traditional non-volatile memory held the largest market size in the NVM market owing to the inexpensive memory solutions as well as the increasing density and performance.
The non-volatile memory market for the retail industry is expected to grow at the highest rate during the forecast period
The non-volatile memory market for the retail industry is mainly driven by the digital transformation in the retail industry. The new and systematic processes in retail are data intensive and supported with continuous computing. To stay competitive in the market, retailers are highly dependent on integrating technologies in their processes. The different point of sales, inventory tracking, and other devices in the retail industry drive the demand for the use of non-volatile memory.
In terms of geographic regions, APAC held the largest market size for non-volatile memory in 2016
The APAC region is expected to be one of the key markets for non-volatile memory in the future owing to the tremendous scope in various applications. This can be mainly attributed to the high population density in the APAC region, which makes it a high-potential market for consumer electronics products. The increasing demand of non-volatile memory in consumer electronics products is driving the mass production of non-volatile memory in APAC among the four major regions. Another major factor favoring the APAC market is the well-established hard disk drives and other consumer electronics manufacturing.
Request Free Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1371262
Key Market Players
Samsung Electronics Co., Ltd. (South Korea) is one of the leading companies in the non-volatile memory market, followed by Toshiba Corp. (Japan) and Micron Technology, Inc. (US). The companies are simultaneously developing and mass producing both planar and vertical NANDs, to address the declining average selling prices and customer demand in a timely manner.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
The growth of this market is mainly driven by the need for high-speed, low-power-consuming, and highly scalable memory devices as well as the growing demand for non-volatile memory in connected and wearable devices.
Browse 129 market data Tables and 72 Figures spread through 213 Pages and in-depth TOC on "Non-volatile Memory Market - Global Forecast to 2025" Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1371262 Traditional non-volatile memory market held the largest size in 2016 The embedded non-volatile memory has gained significant attention in the connected devices and IoT market because of its higher efficiency under ultra-low power.
Therefore, traditional non-volatile memory held the largest market size in the non-volatile memory market owing to the inexpensive memory solutions as well as the increasing density and performance.
To access the data generated at point of sales effectively many retail players started adopting emerging memory technology to implant data driven decisions non-volatile memory is an integral part of various analytic tools used in the retail industry for computing and analysis applications.
APAC held the largest share of the non-volatile memory market in 2016 The huge consumer electronics customer base in APAC and the presence of major global foundries in this region led to the faster development of non-volatile memory technologies and enabled the easy accessibility of products to the market.
Also, China has access to large funding sources and the favorable government initiatives further help drive the growth of the market.
5th October, 2018 - Non-Volatile Memory Market is expected to grow in the predicted period.
Non-volatile memory technologies are bound to gain significant response from semiconductor industry.
Traditional memory technologies such as DRAM, SRAM and Flash are expected to become obsolete and a novel technology called ‘universal memory’ is expected to risewith characteristics such as high-density, high speed, low-power, random accessibility, non-volatility and unlimited endurance.
Such characteristics enable non-volatile memory to deliver certain requirements of applications from a large supercomputer to a low-cost consumer handheld device.
Universal memory includes phase change memory, magnetic memory, toggle-mode magnetic memory and spin-transfer torque memory.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/non-volatile-memory-nvm-market/request-sampleBased on type, the non-volatile market is segmented into emerging and traditional.
Based on end-user, the non-volatile market is segmented into enterprise, consumer electronics, military and aerospace, industrial, telecommunication, energy & power, healthcare, agriculture and retail.
