Market Highlights
The latest report published by Market Research Future (MRFR) states that the global semiconductor memory IP market industry is valued over USD 580 Mn and is estimated to thrive at a CAGR of 13.50% during the forecast period from 2018-2023. The key players are expected to find considerable opportunities in APAC and North America in the coming years. APAC happens to be the most productive market for semiconductor memory IP. The increasing customers of equipment like tablets, smartphones, and laptops have heightened the requirement for the semiconductor memory IP market industry. The introduction of the high-end mobile application is fueling the development of semiconductor memory IP industry growth.
It has become necessary for the developers to introduce new semiconductor solutions to meet the demand of modern computation devices. The relentless growth of memory capacities in machines has been made possible with the assistance of powerful processors and chipsets. Higher investments in semiconductor R&D is likely to generate growth pathways for key market players in the forthcoming years.
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Key Players:
Some of the prominent market players in the market consist of Siemens Business and Dolphin Integration, Rambus Inc., Synopsys, Micron Technology Inc., Cadence Design Systems, Mentor, eSilicon Corporation, Arm Limited and SK Hynix Inc.
Segmentation:
MRFR’s report includes a comprehensive analysis of the market based on types, applications, and regions.
On the basis of type, the semiconductor memory IP market is classified into Dynamic-random access memory (DRAM), Static Random-Access Memory (SRAM), and Negative AND (NAND). The DRAM segment currently values for more than one-third share of the market. In 2017, the sector accounted for more than USD 200 million and was estimated to witness a healthy growth rate over the assessment period. DRAMS are the memory cells which consist of capacitors and transistors. They find widespread application in electronic equipment, and also in next-generation data centers, artificial intelligence, enterprise servers, personal computers, enterprise servers, network systems, artificial intelligence, and ranging from high-performance computing (HPQ). The NAND segment stands at the second position and is estimated to be beneficial over the next couple of years.
On the basis of application, the market is segmented into consumer electronic devices, mobile computing devices, industrial automation, mobile computing devices, automotive, and others. Out of these, the consumer electronic device segment makes the highest contribution and is likely to maintain the position. Moreover, the sector is expected to fetch a market growth of more than USD 360 million, which is an above-average CAGR. There are various applications of semiconductor memory IP in the consumer electronic device. Some of the eminent consumer electron product that includes electronic device consists of digital imaging services, set-top box, AR/VR headsets, gaming consoles, digital TVs, and home automation/home networking devices among others.
Regional Overview:
The major areas covered in the report are North America, Asia Pacific, Latin America, Middle East, and Africa (MEA). APAC region holds the apex position in the context of revenue. The market in APAC commands the valuation accounting more than USD 240 million and is estimated to expand at a CAGR of 14.79% from 2018-2023. Countries like Taiwan, China, and South Korea have now become the primary focal point of manufacturing for a wide range of electronic equipment, including the semiconductor memory IPs. Moreover, government policies are favorable, and the existence of key companies in the region plays a significant role and has a great influence on the market.
Meanwhile, North America stands at the second position. The North American market is likely to grow at a CAGR of 13.37%. The taxes and hikes imposed may have a catapult effect on domestic manufacturing.
The Global Micro SD Cards Market Report, in its latest update, highlights the significant impacts and the recent strategically changes under the present socio-economic scenario.
The report starts with the executive summary, followed by a value chain and Marketing channels study.
The report then estimates the CAGR and Market revenue of the global and regional segments.Base Year: 2020Estimated Year: 2021Forecast Till: 2027The report classifies the market into different segments based on type and product.
These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels.
The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.Get | Download FREE Sample Report of Global Micro SD Cards Market @ https://www.decisiondatabases.com/contact/download-sample-2151A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Micro SD Cards market.
The impact is closely studied in terms of production, import, export, and supply.The report covers the complete competitive landscape of the Worldwide Micro SD Cards market with company profiles of key players such as:SanDiskTranscend InformationADATA TechnologiesPanasonicKingston TechnologyMicron TechnologySonySamsung ElectronicsToshibaPNY TechnologiesLexarWant to add more Company Profiles to the Report?
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Market HighlightsThe Internet-based service enterprises have been carrying out newer and efficient techniques to deal with growing number of data servers requiring a lot of storage.
These devices prove essential for a computing system to store the necessary information and retrieve that information later.The factors that affect the market growth include the increasing amount of data from digital services and industries like banking, healthcare, information technology and others.
Moreover, the rising trend of smartphones with high capacity storage is also expected to fuel the market.Regional Analysis:On the basis of geography, the market is studied for North America, Europe, Asia Pacific, and rest of the world.
Among all the regions, the market is dominated by North America providing digital storage devices for laptops, desktops, and portable storage devices for laptops, desktops, and portable storage.
One of the major factors contributing to the growth of digital storage devices is the higher adoption of flash storage and rising penetration of smartphones with higher memory.On the other hand, Asia Pacific is expected to show the highest growth considering developments in the semiconductor industry, and rising smartphone penetration rate in countries like India and China.
Many companies in Asia Pacific are expanding their product portfolio by carrying out research into the SoC integration, and also by shifting their business onto the cloud, requiring additional storage requirement.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5884Competitive Dashboard:Some of the major players in global digital storage devices market include Western Digital Technologies, Inc (U.S.), Toshiba Corporation (Japan), Sony Corporation (Japan), Intel Corporation (U.S.), Lenovo Group Ltd (China), Samsung Electronics Co Ltd (South Korea), SanDisk Corporation (U.S.), Seagate Technology PLC (U.S.), Teradata Corporation (U.S.), Transcend Information, Inc (Taiwan), among others.Other vendors include Kingston Technology Corporation, Inc (U.S.) International Business Machines Corporation (U.S.), EMC Corporation (U.S.), Hewlett Packard Company (U.S.), Brocade Communications Systems, Inc. (U.S.), NetApp, Inc. (U.S.), Netgear, Inc. (U.S.), Fujitsu Ltd. (Japan), Violin Systems (U.S.), LSI Corporation (U.S.), Kingmax Semiconductor Inc. (Taiwan), Hitachi-LG Data Storage (South Korea), Promise Technology, Inc. (Taiwan), among others.Segmentation:By the type, the market is segmented into flash storage, solid state drives, magnetic disk drives, optical disk drives, and others.
