Non-volatile Memory Market – Industry Growth, Drivers and Forecast by 2024

Non-volatile Memory Market

Global Non-volatile Memory Market: Overview

In order to recover the stored data and information even after the computer is switched off a different kind of computer memory has been programmed which is known as non-volatile memory (NVM). Some examples of non-volatile memory are paper tape, punched cards, optical discs, floppy discs, magnetic tape, hard disk drives, flash memory, ferroelectric RAM, and read-only memory. This non-volatile memory is specifically deployed for the purpose of secondary storage or long-term persistent storage. The cost of the non-volatile memory is high but comparatively the performance is low. Furthermore, the endurance of NVM is lower than the volatile RAM.

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Global Non-volatile Memory Market: Segmentation

The non-volatile memory market is globally segmented into its type, end-user industry, and regions. On the basis of type, the global market is divided into emerging and traditional. Based on the end-user industry, the market is segregated into enterprise storage, military & aerospace, telecommunication, healthcare, retail, consumer electronics, automotive & transportation, industrial, energy & power, and agricultural. Region-wise, the global non-volatile memory market is diversified into Asia Pacific, North America, Europe, and Rest of the World.

Global Non-volatile Memory Market: Growth Factors

The global market for non-volatile memory is mainly driven by the increasing demand for fast and easy access of data coupled with the growing need for the memory devices that consume low power. Non-volatile memory is mainly used in the end-use industries such as automotive, healthcare, and consumer electronics. Thus, the non-volatile memory market is likely to expand globally at a modest rate in the coming years due to the facilities such as high speed for data access and the optimized power consumption. The growth of the market has few limitations such as rate of write endurance is low and the storage capability is limited. The market vendors can expect new opportunities opening up for the flexible electronics and the development of the advanced and innovative storage techniques such as SONOS, NRAM, MRAM, and 3D XPoint as they have an increasing demand for the non-volatile memory. Different types of NVM are a traditional non-volatile memory and embedded non-volatile memory.

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Global Non-volatile Memory Market: Regional Analysis

Among all the regions, Asia-Pacific region is anticipated to dominate the non-volatile memory market. The factor that contributes this growth is the presence of major industry participants in countries such as China, Japan, South Korea, and India etc. Another factor that favors the market growth is the growing mobile phone industry and computer and technology sector. The number of data centers is also increasing and the automotive and the electronics sectors are also developing thus favoring the market growth in the North American region.

Global Non-volatile Memory Market: Competitive Players

Some of the key market players that are involved in the non-volatile memory market include Fujitsu Ltd., Sidense Corporation, Samsung Electronics Co., Ltd., Crossbar Inc., Adesto Technologies Corporation, Micron Technology Inc., Sandisk Corporation, Intel Corporation, Kilopass Technology Inc., and Viking Technology.

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About Martin Glenn 226 Articles
Martin Glenn is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging.

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