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.
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Based on type, the non-volatile market is segmented into emerging and traditional. Traditional non-volatile memory is expected to grow in the predicted period owing to rise in connected devices and rise in IoT market due to its high efficiency. 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. Retail sector is likely to grow in the predicted period owing to growth in retail industry and integration with data analytics to comprehend customer expectation.
Geographically, the non-volatile memory market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa.APAC regions are expected to grow in the predicted period owing to rise in use of semiconductor devices in assembled form and also rise in number of gadgets for communication. Also, the region focuses on developing DRAM, e-DRAM, V-NAND and Flash memory. North America and Europe also account for a larger share in the global market owing to rising number of smartphones and other electronic items.
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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.
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