The
Global Next Generation Memory Market is expected to reach USD 3.43 billion by
2020, according to a new study by Grand View Research, Inc. Increasing need for
fast and economical storage solutions across diverse applications is estimated
to drive market growth over the forecast period. Next generation memory is used
for various applications such as enterprise, industrial and automotive to store
and manage information, which is expected to augment market growth over the
next six years.
Increasing
use of next generation memory in mobile phones to enhance customer experience
is expected to fuel market growth. Increasing demand for wearable electronics
and replacement of flash memory storage may provide new growth avenues to the
next generation memory market. Low environment stability and high design cost
may act as a restraint to market growth over the forecast period.
In depth research report on Next Generation Memory
Market
Further key findings from the study suggest:
·
Non-volatile memory storage is
expected to remain the key product segment over the forecast period; it
accounted for over 90% of the market in 2013. This technology is used for
economical storage and fast processing of data and sustains the stored
information even when the power is turned off. Volatile memory storage is
estimated to witness considerable growth over the forecast period. In this
technology, information fades when the power supply is turned off unless the
storage device is periodically refreshed.
·
Mobile phones were a major
application segment in 2013 and accounted over 55% of the overall market in the
same year. All common computing platforms from handheld devices to
supercomputers use storage systems to store data permanently or temporarily.
Smart cards store a few bytes of data and are expected to grow at a significant
rate over the forecast period.
·
North America was estimated to
be the key regional market in 2013. The Asia Pacific market is expected to grow
at a considerable rate owing to increasing demand for smartphones and tablets.
Additionally, presence of key market players in countries such as China, India,
Japan and South Korea is also expected to positively impact the regional market
over the forecast period.
·
Key industry participants
include Samsung Electronics Co. Ltd., IBM Corp, Adesto Technologies, Crossbar
Inc, Fujitsu Ltd, Toshiba Corporation, Intel Corporation etc. Toshiba along
with SK Hynix are working on production of next generation memory chips, which
is expected to decrease power consumption and increase data transfer speed.
Economical and efficient solution development is expected to be a critical
success factor for market players.
For
the purpose of this study, Grand View Research has segmented the global next
generation memory market on the basis of product, application and region:
Next Generation Memory Product Outlook (Revenue, USD
Million, 2012 – 2020)
·
Volatile
·
Non-Volatile
Next Generation Memory Application Outlook (Revenue,
USD Million, 2012 – 2020)
·
Mass Storage
·
Mobile Phones
·
Industrial & Automotive
·
Embedded MCU & Smart Cards
·
Cache Memory & Enterprise
Storage
Next Generation Memory Regional Outlook (Revenue,
USD Million, 2012 – 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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