The global Next Gen Memory Market accounted to US$ 2.78 Bn in 2018 and is expected to grow at a CAGR of 29.4% during the forecast period 2019 – 2027, to account to US$ 26.57 Bn by 2027. APAC was the leading geographic market and it is anticipated to be the highest revenue contributor throughout the forecast period. Presence of some of the leading manufactures such as Fujitsu, Samsung Electronics, SK Hynix, Toshiba Corporation, and others has fueled the developments in the next gen memory market in the region. China and India are the biggest catalysts of growth in the Asia-Pacific region. Further, countries such as Japan, South Korea, Taiwan, and others are pacing up in the next gen memory market.
Worldwide Next Gen Memory Market Analysis to 2027 is a specialized and in-depth study of the Next Gen Memory industry with a focus on the global market trend. The report aims to provide an overview of global Next Gen Memory market with detailed market segmentation by product/application and geography.
The global Next Gen Memory market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Next Gen Memory players and offers key trends and opportunities in the market.
- Advanced Micro Devices
- Cypress Semiconductor
- Fujitsu Limited
- Microchip Technology
- Micron Technology
- NXP Semiconductors
- Samsung Electronics
- SK Hynix
Increasing need for advanced features gaining significant traction from various industries
The rapidly expanding technology development coupled with humongous production of data has critically increased the demand of memories that are not only capable of handling large data efficiently but are also cost-effective and scalable. The next gen memory is something that fits into almost all these demands of the end-users.
These type of memory technology offers relatively exclusive benefits to the industry players as they use less power and operate much faster than the already existing memory technologies. Apart from its speed and sustainability, the next gen memories are also non-volatile, offer better endurance, have erased –free functions and are bit-alterable.
With so many advancements the, next-generation memory has already taken a prime space in the memory market by mooning over other traditional memory technologies.
The report focuses on an in-depth segmentation of the Next Gen Memory market based on type, services, and end-user. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).
The regional market has been further bifurcated by respective countries. By geography, Asia Pacific is accountable to hold the largest share in the Next Gen Memory market in 2017, whereas Middle East & Africa is projected to grow at the highest CAGR during the forecast period.
Report at - www.theinsightpartners.com/TIPTE100000339/
New market initiatives was observed as the most adopted strategy in global next gen memory market. Few of the recent market initiatives are listed below:
2018: Intel Corporation partnered with Micron Technology, Inc. to complete joint development for the second generation of 3D XPoint technology which is a non-volatile memory with dramatically lower latency and exponentially greater endurance than NAND memory at the Intel-Micron Flash Technologies (IMFT) facility in Lehi, Utah.
2018: NXP Semiconductors signed a pact with Tata Consultancy Services to work together on unique solutions for automotive, security and IoT industries.
2018: Cypress Semiconductor Corp. expanded its collaboration with Bosch Automotive to offer its automotive-grade Serial NOR Flash memories for Bosch’s next-generation video-based ADAS, thus facilitating robust performance even at temperatures up to 125°c with highest reliability.
GLOBAL NEXT GEN MEMORY MARKET SEGMENTATION
Global Next gen memory Market – By Type
- Volatile Memory
- Non-Volatile Memory
Global Next gen memory Market – By Application
- Consumer Electronics
- Automotive & Transportation
- Enterprise Storage
- Military & Aerospace
- IT & Telecom
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