DUBLIN--(BUSINESS WIRE)--The "Non-Volatile Memory Market by Type (Flash (NAND, NOR), EEPROM, NVSRAM, Embedded, EPROM, 3D NAND, MRAM/STTMRAM, FRAM, RERAM/CBRAM, 3D XPOINT, NRAM), Wafer-Size, End-User Industry, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Non-Volatile Memory Market was Valued at USD 54.3 Billion in 2020 and is Projected to Reach USD 83.6 Billion by 2025, at a CAGR of 9.0%
Increasing demand for faster access and low power consuming memory devices is expected to drive the overall non-volatile memory market during the forecast period. The rising need for memory devices with high speed, low power consumption, and high scalability is expected to fuel the development of new non-volatile memories. Various players involved in this market strive to address this need with the development of emerging memories, such as RRAM, MRAM, FeRAM, and STTMRAM.
The market for emerging memories expected to grow at the highest CAGR during the forecast period.
Emerging memory technologies offer the type of new memories to store more data at a lesser cost than the expensive-to-build silicon chips used by popular consumer gadgets, such as digital cameras, cell phones and portable music players. They are expected to be potential alternatives to existing memories in future computing systems.
The non-volatile memory technologies are becoming a 'Universal Memory'; giving a significant growth of the merging non-volatile memory market, and has expanded its usage from computer applications to all the consumer electronic products. The major emerging non-volatile memories, such as MRAM, ReRAM, and 3D NAND, are expected to be the biggest contributors to the non-volatile memory market.
Enterprises to hold the second-largest share of the non-volatile memory market by 2025.
Enterprise storage is evolving at a fast rate for use as mass storage in data centres. Enterprise storage requires fast data processing with low power consumption. Non-volatile memory technologies meet these requirements and enable enterprises to support their data centres. Currently, most software and networking companies generate huge amounts of data on a daily basis.
This data enables these companies to make better business decisions and run their businesses smoothly. For maintaining such huge digital databases, emerging memory technologies are required to address the critical requirements of businesses, as well as to make better decisions with the available data.
APAC to record the highest CAGR in the market during the forecast period.
The customer base of consumer electronics in APAC and the presence of major global foundries in this region lead to the development of non-volatile memory technologies. Therefore, the APAC region is estimated to lead the market for non-volatile memory and is expected to grow at the highest rate during the forecast period.
- Increasing Demand for Fast Access and Low Power Consuming Memory Devices
- Increased Focus on Efficiency and Production Cost Leading to Digitization
- Growing Demand for Non-Volatile Memory in Connected and Wearable Devices
- Low Write Endurance Rate
- Growing Adoption of High-End Computing, Servers, and Datacenters
- Increasing Replacement of Traditional Memory with Emerging Non-Volatile Memory
- Optimizing Storage Densities and Capacities
- High Design Costs
- Non-Volatile Memory Market, Case Studies
- Nvmdurance Significantly Extends NAND Flash Lifetime in Altera Nvme Data Storage Solution
- Western Digital and Amd Address Memory Scaling Demand for Fast-Growing In-Memory Computing Workloads
- Adesto Technologies
- Avalanche Technology Inc.
- Crossbar Inc.
- Everspin Technologies
- Fujitsu Ltd.
- Intel Corporation
- Microchip Technology
- Micron Technology
- NVMdurance Ltd.
- Samsung Electronics
- SK Hynix
- Toshiba Corporation (Kioxia)
- Viking Technologies
- Western Digital
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