DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Next Generation Memory Technologies Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
The next generation memory technologies market has shown substantial growth in recent times owing to the growing demand for faster, efficient and cost effective memory solutions. The necessity for memory solutions that can serve applications in various areas effectively is rising. The aim of this report is to provide an insight on the global next generation memory technologies markets current and projected trends and to carry out an in depth analysis of market potentials available.
The report analyzes opportunities in the developed and emerging economies so that companies can make strategic decisions and gain competitive edge. The global next generation memory technologies market is expected to grow at a promising CAGR from 2013 to 2020. This growth forecast has resulted in many development and innovation activities in memory solutions market.
The drivers for next generation memory technologies market are its qualities such as power efficiency, high endurance and faster switching time. Whereas, certain factors which can act as restraints are its design cost and presence of intense competition in the market. The next generation memory applications in various areas such as computers, industrial applications, storage electronics, aerospace and defense, consumer electronics, automotives and others are the varied fields of opportunities for this market.
The various application sectors for next generation memory technologies are mobile phones, mass storage, industrial applications, consumer electronics, aerospace and defense, automotive electronics, smart cards and others. These next generation memories facilitate faster, efficient and cost effective storage solutions. Mass storage is expected to be the most prominent market segment for next generation memory technologies. This assumption can be drawn from the fact that tremendous amount of data is generated on daily basis throughout the globe thus raising the need for more effective storage solutions with larger storage capacity.
For more information about this report visit http://www.researchandmarkets.com/research/234qbz/world_next