The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on ECC Memory Market Report. The growth sectors of the ECC Memory Market Report are identified with precision for a better growth perspective.
The major factors driving the growth of ECC memory market are the growing number of data centers and servers, and increasing adoption of the internet of things technology. IoT adoption is being witnessed across various sectors including automotive, industrial, and infrastructure. With each development comes huge volumes of data that require high-end data processing capabilities with a differentiated storage portfolio. As a result, the demand for error coding, reliable, and cost-effective high-density ECC memory solutions is growing. The ECC Memory help in rectifying any physical or programming error while writing data on a memory chip. However, high fabrication and maintenance cost of ECC memory chips along with higher prices as compared to non-ECC memory than non-ECC memoy is expected to restrain the market growth.
Key Players
The key players in the ECC memory market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Micron Technology Inc (US), Kingston Technology Corporation (US), Other World Computing (OWC) (US), Lenovo Group Limited (China), Samsung Electronics Co Ltd (South Korea), Hewlett Packard Enterprise Company (US), Dell Inc. (US), Transcend Information Inc. (Taiwan), SK Hynix Inc (South Korea), I’M Intelligent Memory Limited (US), Intel Corporation (US), IBM Corporation (US), Nemix RAM (US), Black Diamond Memory (US), Brute Network (US), and Adamanta Memory (US). These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 35–40% in the ECC memory market.
Regional Analysis
The ECC memory market has been categorized into four regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe is one of the major consumers of ECC memory. The demand in the region is anticipated to expand at a rapid pace owing to the expansion of applications in various industry verticals such as consumer electronics, automotive, and IT and telecommunications. The region has witnessed high demand for DRAMs in consumer electronic devices that require fast, non-volatile memory for smartphones, PC/laptops, and gaming consoles applications.
According to the GSM Association, over 70% of the users have adopted smartphones in the European region. Similarly, the increasing adoption of GPS and navigation systems in the automotive industry is also driving the ECC memory market. Moreover, the requirement of data centers in the region has increased over the years due to increasing cloud computing applications in verticals such as BFSI. This has further created the demand for ECC DRAM memory for servers.
The demand and supply of DRAM in China have seen a tremendous increase in the last decade and it is estimated to dominate the market during the forecast period. China is a major supplier of DRAM modules in terms of manufacturing used in consumer electronic devices. The wide customer base of consumer electronics in China and the presence of major global foundries in this region has led to the rapid development of non-volatile memory technologies and has facilitated the availability of products in the market. Furthermore, technological initiatives and investments by the government to promote the development of dynamic memory modules are further boosting the market.
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ECC Memory Market ReportThe major factors driving the growth of ECC memory market are the growing number of data centers and servers, and increasing adoption of the internet of things technology.
IoT adoption is being witnessed across various sectors including automotive, industrial, and infrastructure.
With each development comes huge volumes of data that require high-end data processing capabilities with a differentiated storage portfolio.
As a result, the demand for error coding, reliable, and cost-effective high-density ECC memory solutions is growing.
The ECC Memory help in rectifying any physical or programming error while writing data on a memory chip.
Some of them are Micron Technology Inc (US), Kingston Technology Corporation (US), Other World Computing (OWC) (US), Lenovo Group Limited (China), Samsung Electronics Co Ltd (South Korea), Hewlett Packard Enterprise Company (US), Dell Inc. (US), Transcend Information Inc. (Taiwan), SK Hynix Inc (South Korea), I’M Intelligent Memory Limited (US), Intel Corporation (US), IBM Corporation (US), Nemix RAM (US), Black Diamond Memory (US), Brute Network (US), and Adamanta Memory (US).
ECC Memory Market ResearchThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on ECC Memory Market Research.
The growth sectors of the ECC Memory Market Research are identified with precision for a better growth perspective.According to Market Research Future, the global ECC memory market has been segmented based on memory error, application, type, and region.By memory error, the ECC memory market has been segmented into hard error and soft error.
Under the memory error segment, soft error dominated the market in 2018 and is also expected to show the highest CAGR during the forecast period.
The storage capacity of DDR4 ranges from 4 to 128 GB per DIMM.
Capacitor charging and discharging depends on changes in the stored value.
ECC memory provides high bandwidth and low power consumption to networking devices and ensures that they work efficiently.
