The new memory storage solutions are cost effective and provide faster memory solutions whereas older memory technologies have limitations because of their outdated architecture and higher power consumption. The new advanced technologies provide high data transmission speed and high storage capacity.
Next-Generation Memory Market can be defined as a common label applied to a major upgrade of hardware or a software product. These new generation memory solutions are used across various verticals. Nowadays, smart chips are used for storage instead of hard drives.
The key drivers contributing to the growth of the next-generation memory market are power efficiency, intrinsic benefit with non-volatile memories, high growth in the wearable electronics industry, technological advancements for storage, rise in the usage of next generation memory in smart phones, increasing adoption of MRAM & PCM memory and enterprise storage.
However, high cost, low stability during environmental conditions, intense competition and issues related to storage density are the factors hindering the growth of the next-generation memory market.
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Major Key Players:
- Toshiba Corporation (Japan)
- SK Hynix Semiconducto, Inc. (South Korea)
- Adesto Technologies Corporation, Inc. (U.S.)
- Fujitsu Ltd. (Japan)
- IBM Corporation (U.S.)
- SanDisk Corporation (U.S.)
- Samsung Electronics Co., Ltd. (South Korea)
- Intel Corporation (U.S.)
- Micron Technology, Inc.
Regionally, North America accounted for the largest market share, majorly due to high investments for technologically advanced products and increasing adoption of MRAM, DRAM and PCM memory.
Asia-Pacific is expected to grow over the forecast period, 2017-2022 majorly due to increasing demand for smart phones and tablets and manufacturing hub for wearable electronics.
Study Objectives of Global Next-generation Memory Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Next-generation Memory market.
- To provide insights about factors affecting the market growth.
- To analyze the global Next-generation Memory market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by product, application and region.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Next-generation Memory
For the purpose of this study, Market Research Future has segmented the market of next-generation memory market into product, application and region.
By Product Nonvolatile Memories:
- Phase Change Memory (PCM)
- Magneto-Resistive Random-Access Memory (MRAM)
- Resistive Random-Access Memory (Re RAM)
- Ferroelectric RAM (FeRAM)
- Static Random-Access Memory (SRAM)
- Dynamic Random-Access Memory (DRAM
By Application- 1 Consumer Electronics:
- Mobile Phones
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- Semiconductor Manufacturers
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