Global next-generation memory industry – with
Dublin, May 28, 2021 (GLOBE NEWSWIRE) – The “Next Generation Memory Market by Technology, Application and Geography – Global Forecast to 2026” the report was added to ResearchAndMarkets.com from offer.
The next generation memory market is expected to grow at the rate of 29.3% CAGR by 2026. Next generation memory is an advanced storage technology that is used in the field of computing. The emergence of new technologies such as big data, the Internet of Things and artificial intelligence has increased the demand for highly accessible devices compatible with these technologies. Next-generation memory has various applications such as mobile phones, mass storage, consumer electronics, aerospace, and defense.
A drastic increase in technological development and huge data generation has dramatically increased the demand for advanced memories capable of handling huge data in an efficient, cost effective and adaptable manner. Next generation memory is the memory compatible with almost all end user requirements. Next-generation memory offers various advantages, including lower power consumption and very fast operation compared to existing memory technologies. However, inadequate stability under severe environmental conditions is a key factor in restraining the growth of the next generation memory market.
Next Generation Memory Market by Technology
- Magneto-resistive random access memory (MRAM)
- Ferroelectric RAM (FRAM)
- Resistive Random Access Memory (ReRAM)
- Xpoint 3D
- Nano RAM
- Other non-volatile technologies
- Hybrid Memory Cube (HMC)
- High Bandwidth Memory (HBM)
Next Generation Memory Market By Application
- Consumer electronics
- Computer science
- Other applications
Next Generation Memory Market by Geography
- North America
- Asia Pacific
- Rest of the world
First, the next generation memory market is classified based on technology divided into non-volatile and volatile. The technology market is dominated by non-volatile technology. Further, non-volatile technology is divided into Magneto-resistive Random Access Memory (MRAM), Ferroelectric RAM (FRAM), Resistive Random Access Memory (ReRAM), 3D Xpoint, Nano RAM, and other non-volatile technologies. The factors driving the non-volatile technologies market include the penetration of Internet of Things, smart nation applications, and digital countries producing huge volumes of data needed to store and analyze efficiently to improve the mode life and business of society. In addition, the non-volatile technology is highly reliable and can be programmed using a simple microcomputer.
Next-generation memory market applications include BFSI, consumer electronics, government, telecommunications, information technology, and other applications. The consumer electronics segment is estimated to lead the market share during the forecast period. Consumer devices are getting smarter thanks to continuous technological advancements. Artificial intelligence-based applications have driven up demand for inexpensive, high-cost storage and faster processors. The next-generation memory market is experiencing major growth as the demand for high-end memory increases exponentially, due to consumer interest.
The Asia-Pacific region has the highest share of the next-generation memory market. This is due to their enormous reach in different applications. This can mainly be attributed to the high usage of consumer electronics, especially smartphones, tablets and laptops, in this region, resulting in high demand for consumer electronics.
Few of the factors driving the global next-generation memory market are the growing demand for fast, cost-effective and efficient memory solutions, which have increased the need for next-generation memory around the world. The demand for advanced memory technologies has increased with the growing market for electronic gadgets and the increasing needs for data storage. The proliferation of the global tablet and smartphone market is fueling the mobile dynamic random access memory (RAM) market. The demand for next-generation memory is also increasing around the world.
Notable competitors in the next-generation memory market are Adesto Technologies Corporation, Inc., The International Business Machines Corporation (IBM), Samsung Electronics Co., Ltd., SK Hynix Inc Toshiba Corporation, Micron Technology, Inc., SanDisk Corporation, Fujitsu Ltd and Cypress Semiconductor Corporation.
Now, next-generation memory technology will fill the gaps in the current storage hierarchy, delivering data where it’s needed for real-time processing. Future memory technologies can keep big data closer to processors with less cost or power consumption of SRAM and DRAM.
- The report describes the assessment of demand-supply scenario such as production, demand and supply of the global market.
- This report defines, analyzes and forecasts the market size of next generation memory in qualitative and quantitative analysis.
- This report understands the drivers and challenges of the global Next Generation Memory market.
- This report covers competitive developments such as expansions, new product launches, mergers and acquisitions in the Next Generation Memory market.
Main topics covered:
2. Industry outlook
4. Market characteristics
5. Technology: market size and analysis
6. Application: market size and analysis
7. Geography: market size and analysis
8. Competitive landscape
8.1. Comparative analysis of competitors
8.2. Market Developments
8.2.1. Mergers and acquisitions, legal, rewards, partnerships
8.2.2. Product launch and execution
9. Supplier profiles
9.1. Adesto Technologies Corporation, Inc.
9.1.2. Financial overview
9.1.3. Product offers
9.1.5. Business strategy
9.2. Samsung Electronics Co., Ltd.
9.2.2. Financial overview
9.2.3. Product offers
9.2.5. Business strategy
9.3. The International Business Machines Corporation (IBM)
9.3.2. Financial overview
9.3.3. Product offers
9.3.5. Business strategy
9.4. SK Hynix Inc.
9.4.2. Financial overview
9.4.3. Product offers
9.4.5. Business strategy
9.5. Toshiba Corporation
9.5.2. Financial overview
9.5.3. Product offers
9.5.5. Business strategy
9.6. Micron Technology, Inc.
9.6.2. Financial overview
9.6.3. Product offers
9.6.5. Business strategy
9.7. SanDisk Company
9.7.2. Financial overview
9.7.3. Product offers
9.7.5. Business strategy
9.8. Fujitsu Ltd.
9.8.2. Financial overview
9.8.3. Product offers
9.8.5. Business strategy
9.9. Cypress Semiconductor Corporation
9.9.2. Financial overview
9.9.3. Product offers
9.9.5. Business strategy
10. Analyst opinion
For more information on this report, visit https://www.researchandmarkets.com/r/7kueuk