The panoramic view of the Emerging Memory Technologies market entails useful insights into the estimated Emerging Memory Technologies market size, revenue share, and sales distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future.
The global emerging memory technologies market size reached USD 4.17 Billion in 2020 and is expected to register a revenue CAGR of 30.7% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for high-end devices and increasing need for time saving in data transferring are factors projected to support market revenue growth between 2021 and 2028. In addition, increasing demand for universal memory devices will boost revenue growth of the market in future. Data overwriting is a major problem in old storage devices, and better memory technologies are needed to resolve this challenge.
If excess data is stored by a user, it can be problematic because it could result in erasing or overwriting older data. Universal memory device provides a smart solution to this problem. Universal memory devices store data as fast as Static Random-Access Memory (SRAM), while reducing power consumption as compared to that consumed by SRAM. The use of universal memory devices in data centers has become increasingly popular due to the cost-effectiveness and durability of Dynamic Random Access Memory (DRAM) as well as flash memory that is non-volatile, which makes the devices more durable in the long term. These are some major factors driving revenue growth of the global emerging memory technologies market.
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Unfolding the prime factors prompting global Emerging Memory Technologies market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Emerging Memory Technologies market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
Global Emerging Memory Technologies Market Geographical Landscape - Synopsis:
- The report closely studies the growth trajectory of the global Emerging Memory Technologies It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
- The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
- Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
Market Scope:
One of the report’s central components is the broad Emerging Memory Technologies market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Emerging Memory Technologies market players.
Major companies in the market report include Samsung Electronics Co. Ltd., Intel Corporation, International Business Machines (IBM) Corporation, SK Hynix Inc., Toshiba Corporation, Fujitsu Ltd., NEC Corporation, Micron Technology Inc., Powerchip Technology Corporation, and Macronix International Co. Ltd.
Emergen Research has segmented global emerging memory technologies on the basis of technology, application, and region:
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Volatile Memory
- Zero Capacitor Ram (ZRAM)
- Dynamic Random-Access Memory (DRAM)
- Static Random-Access Memory (SRAM)
- Hybrid Memory Cube (HMC)
- High-bandwidth Memory (HBM)
- Non-Volatile Memory
- Magnetic Ram (MRAM)
- Phase Change Memory (PRAM)
- Ferroelectric Ram (FRAM)
- Resistive Random-Access Memory (RRAM)
- Spin-Transfer Torque Random-Access Memory (STT-RAM)
- 3D XPoint
- Flash Memory or Electronically Erasable Programmable Read-Only Memory (EEPROM)
- NOR Flash Memory
- NAND Flash Memory
Application Outlook (Revenue, USD Billion; 2018–2028)
- Computers
- Consumer Electronics
- Communication
- Automotive
- Industrial
Key Points of Emerging Memory Technologies Market:
- Non-volatile memory segment is expected to register a substantially rapid revenue CAGR during the forecast period due to increased need for high-speed data transfer and ability of non-volatile memory to store data and operate without power or electricity.
- North America market is expected to register a considerably large revenue share in the global emerging memory technologies market over the forecast period due to rapidly growing IT industry in the countries in the region.
- In August 2019, Samsung Electronics Co. Ltd. announced the release its 6th generation V-NAND memory, which has 100 active layers and is enabled by revolutionary circuit design technology. Samsung\'s new V-NAND has lower latencies and consumes less power than previous-generation V-NAND products. This V-NAND is also more energy-efficient than its predecessors.
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