Market Research Future published a research report on “Next-Generation Memory Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
The global next-generation memory market will touch USD 8 billion at a 45% CAGR in the forecast period 2016- 2022, according to the new Market Research Future (MRFR) analysis. Next-generation memory, simply put, is a common label that is applied to a key upgrade of software or a hardware product.
Various factors are fuelling the global Next-Generation Memory Market growth. According to the recent MRFR market estimates, such factors include growing need for cost-effective, efficient, and faster memory solutions, increasing use in different verticals, growing need for enterprise storage application, the need for highly scalable, high bandwidth, and low power consumption memory device for technologies like Big data, internet of things, and artificial intelligence, power efficiency, high growth in the wearable electronics industry, intrinsic advantages with non-volatile memories, and technological advances for storage. The additional factors adding market growth include increasing use of next generation memory in smart phones, growing adoption of PCM and MRAM memory and enterprise storage, growing need for enterprise storage apps, increasing need of high bandwidth, low power consumption devices, and highly scalable memory, and increasing need for universal memory devices.
On the contrary, issues related to storage density, intense competition, low stability during environmental conditions, and high cost may impede the global next-generation memory market growth over the forecast period.
Segmentation of Market
The global next-generation memory market is studied for the segments of product and application.
In terms of product segment, the market has included non-volatile memories and volatile memories. Under this, several segments are also included, such as Phase Change Memory (PCM), Resistive Random Access Memory (Re RAM), Magneto-Resistive Random Access Memory (MRAM) and Ferroelectric RAM (FeRAM). Under Volatile Memories, the segments included Static Random Access Memory (SRAM) and Dynamic Random Access Memory (DRAM).
In terms of application, the next-generation memory market has included consumer electronics, manufacturing, IT, and telecommunication, as well as aerospace and defense.
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Geographical Coverage
Regionally, North America acquired the largest market share, significantly owing to elevated investments for technologically advanced products and escalating adoption of DRAM, MRAM, and PCM memory. North American has been one of the advance adopters of next-generation technologies and infrastructure. The IT industry extensively motivates the economy in the United States. The swiftly varying technologies and high data generation in many industries are creating a need for more competent processing systems are some more factors driving the demand for next-generation memory market in the region. In the case of point, Intel started phases of a new fabrication plant in Arizona for manufacturing next-generation memory and storage solutions. Therefore, for this project, the company spent USD 1 billion out of the total cost of USD 7 billion.
Asia-Pacific is anticipated to inflate over the forecast period, 2017-2022, considerably owing to rising demand for smartphones and tablets and manufacturing hub for wearable electronics.
Industry Players
The well-known players in the global next-generation memory market include SK Hynix Semiconductor, Inc. (South Korea), Toshiba Corporation (Japan), Fujitsu Ltd. (Japan), Adesto Technologies Corporation, Inc. (U.S.), SanDisk Corporation (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), and Samsung Electronics Co., Ltd. (South Korea).
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Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.
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The global next-generation memory market and its growth depend on many factors significantly, which is expecting growth at 45% CAGR during the forecast period (2016-2022), reveals Market Research Future (MRFR).
Also, during this growth course, the market might gather a valuation of USD ~8 billion.Top Impacting FactorsThe next-generation memory market is likely to gain momentum in support of the factors such as mounting demand for high scalable as well as fast and economical memory solutions.
With rising data, there is an increasing necessitate to manage and store the data and information for future references.
Also, mounting demand for flexible and wearable electronics may provide new avenues for market growth in the coming years.Furthermore, more factors such as intrinsic benefit with non-volatile memories, technological advancements for storage, high growth in the wearable electronics industry, rising adoption of MRAM & PCM memory rise in the practice of next-generation memory in smartphones, and enterprise storage also motivate the market growth over the forecast period.
On the contrary, some other factors, such as soaring designing cost and stability in extreme environmental conditions, could hinder market growth over the next six years.
In addition to this, low write endurance rates may act as a restraint to the next generation memory market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2448SegmentationThe further purpose of this study, Market Research Future has segmented the market of next-generation memory market among product and application.By the segment of the product, the market has included non-volatile memories, which further include Magneto-Resistive Random Access Memory (MRAM), Phase Change Memory (PCM), Ferroelectric RAM (FeRAM), and Resistive Random Access Memory (Re RAM.
June 26, 2019: The global next generation memory market is expected to reach USD 3.43 billion by 2020.
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.
Low environment stability and high design cost may act as a restraint to market growth over the forecast period.Download sample Copy of This Report at: https://www.radiantinsights.com/research/next-generation-memory-market-analysis-by-product-volatile-non-volatile-by-application-mass-storage-mobile-phones-industrial-amp-automotive-embedded-mcu-amp-smart-cards-cache-memory-amp-enterprise-storage-and-segment-forecasts-to-2020/request-sampleFurther 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.
