Memory Chip Market Growth & Key Business Strategies by Leading Industry Players - Samsung Group, Sony Corporation, Toshiba, ADATA Technology, SK Hynix, Micron Technology, Intel

Asia-Pacific is expected to depict the fastest growth in the global memory chip market during the forecast period. In addition, in 2016, China dominated the market in Asia-Pacific. Similarly, the U.S. dominates the market in North America, whereas the UK leads in the European region.

Download Free PDF Brochure@ https://www.alliedmarketresearch.com/request-sample/4537

According to a recent report published by Allied Market Research, titled, Memory Chip Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global memory chip market was valued at $76,767 million in 2016, and is projected to reach at $247,910 million by 2023, growing at a CAGR of 12.4% from 2017 to 2023.

Presently, North America dominates this market. In 2016, China registered the highest growth in Asia-Pacific. Similarly, the UK led the overall market in the European region. Presently, the U.S. is dominating the North American market.

Rise in smartphone penetration has driven the demand for memory chips. Furthermore, high-density storage capability, quick read & write cycle, and availability of different shapes & sizes of memory chips fuel their adoption in the digital domain. However, easy corruption of memory chip hampers the growth of the market.

Inquire more about this report@ https://www.alliedmarketresearch.com/purchase-enquiry/4537

In 2016, the nonvolatile segment dominated the global memory chips market, in terms of revenue. However, based on application, laptop/PCs dominated the global market, followed by smartphone in 2016.

Major Market Players Included in This Report:

• Samsung Group
• Sony Corporation
• Toshiba
• ADATA Technology
• SK Hynix
• Micron Technology
• Intel
• Kingston Technology
• Transcend Information
• Fujitsu Microelectronics Inc.

Laptop/PCs generated the highest revenue in 2016. In 2016, the nonvolatile memory chips segment accounted for the highest revenue in the memory chip market. Asia-Pacific is anticipated to exhibit a highest CAGR during the forecast period.

Easy Corruption of Memory Chips:

Memory chip is an efficient memory solution for various electronic and smart devices, including smartphones, tablets, camera, video game consoles, laptops, and others. However, corruption of memory chip like other memory storage devices is expected to hamper the market growth.

Access Full Summary at : https://www.alliedmarketresearch.com/memory-chip-market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.