PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211714
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211714
Next Generation Memory Market size was valued at USD 4,088.9 Million in 2022, expanding at a CAGR of 30.9% from 2023 to 2030.
A quick, effective, and affordable storage option that has a higher data storage capacity than silicon chips is referred to as next-generation memory. As a result, it has several uses in the global telecommunications, information technology (IT), banking, financial services, and insurance (BFSI) sectors. The demand for memory devices with high bandwidth, low power consumption, and high scalability has increased recently as a result of advances in artificial intelligence (AI), the Internet of Things (IoT), big data, and other technologies.
Next Generation Memory Market- Market Dynamics
Universal memory is currently gaining a lot more popularity across the globe. This is one of the main drivers boosting the market's growth, along with the expanding electronics sector. In addition, the market for NOT-AND (NAND) flash memory, a non-volatile storage technology that does not require energy to store data, is growing along with the sales of smartphones, tablets, USB drives, and solid-state drives (SSD). In addition, cutting-edge networking, high-performance computing (HPC), and artificial intelligence (AI) systems are increasingly using high-bandwidth memory (HBM), a new generation of visual memory technology. For instance, it is used in decoders, completely driverless vehicles, neural network architectures, and other cutting-edge applications that need a lot of bandwidth and very little power. This is helping the industry grow, along with the increasing use of wearable technology. Other variables, like the rising popularity of linked vehicles and the IT sector's rapid expansion, are anticipated to improve the market's outlook in the years to come.
Next Generation Memory Market- Segmentation Analysis:
The Global Next Generation Memory Market is segmented based on Product, Interface Type, Application, and Region.
Based on the product, the non-volatile segment accounted for the largest market share and is expected to show its dominance over the forecast period. This development is due to its enhanced performance, greater durability, lower power consumption, superior scalability with extremely high write endurance, and significantly higher write speeds than existing volatile memory technologies.
Based on the application, the cache memory and enterprise storage are expected to drive the growth of the market during the forecast period. The expansion of data centers around the world is responsible for this growth. The industry is also seeing demand for NGM technologies as the necessity for data storage capacity in data centers and cloud storage grows.
Next Generation Memory Market- Geographical Insights
North America is expected to dominate the market during the forecast period. One of the first regions to adopt the latest infrastructure and technologies in North America. The American economy is heavily influenced by the IT sector. There is a growing need for processing systems that are more efficient due to the quickly evolving technology and increasing data creation across all industries. These are a few of the elements influencing the region's need for next-generation memory. Additionally, the US government launched the Data Center Optimization Initiative (DCOI) to consolidate numerous data centers across the nation to provide better services to the general public while maximizing taxpayer return on investment. Building hyper-scale data centers and turning off underperforming ones are both steps in the consolidation process. Over 3,215 data centers have been shut down by the government in the nation as of now. Thus, this is expected to drive market growth in the region.
Next Generation Memory Market- Recent Development:
In July 2019, the 8Mbit ReRAM MB85AS8MT, which Fujitsu Semiconductor introduced, is the highest-density as mass-produced device in the world. This ReRAM product was created in collaboration with Panasonic Semiconductor Solutions Co. Ltd. and is appropriate for wearable technology. The MB85AS8MT is a non-volatile memory that can work with power supply voltages ranging from 1.6V to 3.6V and is EEPROM compatible. This memory's exceptionally low average read current of 0.15mA at its operating frequency of 5MHz is one of its key characteristics. When placed in battery-operated systems with frequent data-read operations, this ensures minimal battery use.
Key features of the study:
This proposed research study on the Next Generation Memory market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for ` the Next Generation Memory market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain the Next Generation Memory market
The impact of COVID-19 on the Next Generation Memory market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the Next Generation Memory market post-COVID will also be covered.
To give the users of this report a comprehensive view of the Next Generation Memory market, we have also included a competitive landscape and key innovator analysis for the Next Generation Memory market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Next Generation Memory market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global Next Generation Memory market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL NEXT GENERATION MEMORY MARKET KEY PLAYERS
IBM Corporation
Avalanche Technology
Adesto Technologies Corporation
Cypress Semiconductor Corporation
Everspin Technologies Inc.
4DS Memory Limited
FUJITSU
Microchip Technology Inc.
SAMSUNG
Nantero
Rambus
SK HYNIX INC.
Spin Memory Inc.
NXP Semiconductors
GLOBAL NEXT GENERATION MEMORY MARKET, BY PRODUCT
Non-volatile
Volatile
GLOBAL NEXT GENERATION MEMORY MARKET, BY INTERFACE TYPE
PCIe and I2C
SATA
SAS
DDR
GLOBAL NEXT GENERATION MEMORY MARKET, BY APPLICATION
Mobile phones
Cache memory and enterprise storage
Industrial and automotive
Mass storage
Embedded MCU & smart card
GLOBAL NEXT GENERATION MEMORY MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA