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 technology market 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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Industry Overview
- Major Segmentation, classification, Application ect
- Production Market Analysis
- Sales Next-Generation Memory Market Analysis
- Consumption Market Analysis
- Production, Sales and Consumption Market Comparison Analysis
- Competition Analysis by Players
- Marketing Channel Analysis
- New Project Investment Feasibility Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis Distributors/Treads
- Global and Regional Market Forecast
- Next-Generation Memory Market Dynamics
- Next-Generation Memory Market Effect Factors Analysis
- Conclusion
- Research Methodology
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