The report "Non-Volatile
Memory Market by
Type (Flash (NAND, NOR), EEPROM, NVSRAM, Embedded, EPROM, 3D NAND,
MRAM/STTMRAM, FRAM, RERAM/CBRAM, 3D XPOINT, NRAM), End-User Industry, and
Geography - Global Forecast to 2025", is estimated to grow from USD 52.1 billion in 2017
to USD 98.6 billion by 2025; it is expected to grow at a CAGR of 8.3%. 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.
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Traditional non-volatile memory market held the
largest size
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. Non-volatile memory is one of the
major components of connected devices. Also, the high adoption of Flash
memories in consumer electronics because of their low price and low power
consumption is driving the market for 2D and 3D NAND. 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.
Market for retail industry is expected to grow
at the highest rate during the forecast period
Retail industry today, is highly data rich and
integrated with data analytics to understand and meet the customer expectation.
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. Thus, the market for
non-volatile memory is expected to grow at the highest rate in the retail
industry.
APAC held the largest share of the non-volatile
memory market
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. The Made in China 2025 initiative strategically focuses
on the technology development of DRAM, eDRAM, Flash, and V-NAND Flash memory.
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Some of the leading players
in this market include Samsung Electronics Co., Ltd. (South Korea), Toshiba
Corp. (Japan), Micron Technology, Inc. (US), SK Hynix, Inc. (South Korea), and
Western Digital Corp. (US).
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