Next Gen Memory Market to cross $26,568.9 Mn by 2027 |Key Players Analysis - Fujitsu Limited, Intel, Microchip Technology, Micron Technology, SK Hynix, Toshiba, Micro Devices, Cypress Semiconductor Corporation, NXP Semiconductors and Samsung Electronics

The global next gen memory market is experiencing an exponential growth with regards to the innovations, business models, and investments in the current scenario and is anticipated to rise in the coming years. The market for next gen memory comprises few well-established players across the globe that invest immensely for delivering the most advanced solutions to the customers. These well-established players in the next gen memory market along with a plethora of new entrants in the market comprise of myriad and techniques for next gen memory and present different solutions for the customers to solve the complex situations and put in-line the business operations.

Increase in the need for Advanced Features from Various Industry Verticals to Surge the Next Gen Memory Market

The global next gen memory market accounted to US$2,281.0 Mn in 2017 and is expected to grow at a CAGR of 29.5% during the forecast period 2018 - 2027, to account to US$ 26,568.9 Mn by 2027. The rapidly expanding technology development coupled with humongous production of data has critically increased the demand of memories that are not only capable of handling large data efficiently but are also cost-effective and scalable.

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Some of the major players in the next gen memory market include Advanced Micro Devices, Inc., Cypress Semiconductor Corporation, Fujitsu Limited, Intel Corporation, Microchip Technology Incorporated, Micron Technology, Inc., NXP Semiconductors N.V., Samsung Electronics Co. Ltd., SK Hynix Inc., and Toshiba Corporation among others.

The next generation memory is something that fits into almost all these demands of the end-users. These type of memory technology offers relatively exclusive benefits to the industry players as they use less power and operate much faster than the already existing memory technologies. Apart from its speed and sustainability, the next generation memories are offer better endurance, have erase–free functions and are bit-alterable. With these advancements, the next-generation memory has already taken a prime space in the memory market by mooning over other traditional memory technologies.

The report segments the global next gen memory market as follows:

Global Next Gen Memory Market - By Type
Volatile Memory
Non-Volatile Memory
FRAM
MRAM
ReRAM
Phase-Change Memory
Nano RAM
Others

Global Next gen memory Market - By Application
Consumer Electronics
Industrial
Automotive & Transportation
Enterprise Storage
Military & Aerospace
Healthcare
IT & Telecom
Others

Major and smaller players are trying to come up with innovative solutions and strategic partnerships as well as different business models to attract a large base of customers.APAC is estimated to dominate the next gen memory market. The dominance of the region is majorly attributed to the presence of large numbers of Chinese semiconductor manufacturers. Pertaining to the fact that, the quest for advanced technologies among the Chinese mass is significant, the development of advanced products are also rapid as compared to other countries in the region. This factor is heavily fueling the growth of next gen memory market in the country, which is catalyzing substantially the growth of next gen memory market in Asia Pacific.

Besides, the demand for next-generation memories in the IoT market will be escalated by the rising need for interoperability to support the multiple protocol stack for fulfilling the lack of worldwide adopted IoT connectivity standards. As the traditional memory technologies are not scalable to economically greater densities, the high scalability of next-generation memories will enable them to secure cardinal position in the IoT memory industry.

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Reason to Buy:-
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the next generation memory market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to segmentations like technology and application

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