IMARC Group’s latest research report, titled “Next Generation Memory Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on Next Generation Memory Market Size.
The global next generation memory market reached a value of US$ 3.68 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 16.98 Billion by 2027, exhibiting a CAGR of 27.60% during 2022-2027. Next generation memory represents a fast, efficient, and cost-effective storage solution that can store more data than silicon chips. It finds extensive applications across various industries, including telecommunications, information technology (IT), banking, financial services and insurance (BFSI), etc. Presently, the inflating need for high bandwidth, low power consumption, and highly scalable memory devices that rely on artificial intelligence (AI), the Internet of things (IoT), Big Data, and other technologies is propelling the demand for next generation memory across the globe.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by technology, wafer size, storage type and application
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Next Generation Memory Market
- Strategies of major players and product offerings
The expanding electronics industry is primarily driving the next generation memory market. Additionally, the widespread adoption of wearable devices, such as fitness trackers, smartwatches, body-mounted sensors, etc., is further catalyzing the market growth. Besides this, the growing utilization of NOT-AND (NAND) flash memory that does not need much energy to retain data, owing to the increasing sales of smartphones, tablets, universal serial bus (USB) drives, solid-state drives (SSD), etc., is acting as another significant growth-inducing factor. Moreover, high-bandwidth memory (HBM), a next generation memory technology for graphics, is extensively used in neural network designs, fully autonomous vehicles, high-performance computing (HPC), decoders, etc., which is also positively influencing the global market. Apart from this, the rising popularity of connected cars that are equipped with internet connectivity is anticipated to fuel the next generation memory market over the forecasted period.
Key Players Included in Global Next Generation Memory Market Research Report:
- Avalanche Technology
- Crossbar Inc.
- Fujitsu Limited
- Honeywell International Inc.
- Infineon Technologies AG
- Intel Corporation
- Micron Technology Inc.
- Nantero Inc.
- Samsung Electronics Co. Ltd.
- SK hynix Inc
- Spin Memory Inc.
- Taiwan Semiconductor Manufacturing Co. Ltd.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Technology:
- Magneto-Resistive Random-Access Memory (MRAM)
- Ferroelectric RAM (FRAM)
- Resistive Random-Access Memory (ReRAM)
- 3D Xpoint
- Nano RAM
- Other Non-Volatile Technologies (Phase change RAM, STT-RAM, and SRAM)
- Hybrid Memory Cube (HMC)
- High-Bandwidth Memory (HBM)
Breakup by Wafer Size:
- 200 mm
- 300 mm
- 450 mm
Breakup by Storage Type:
- Mass Storage
- Embedded Storage
Breakup by Application:
- Consumer Electronics
- Information Technology
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Next Generation Memory Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Next Generation Memory Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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