openPR Logo
Press release

Non-Volatile Memory Market Major Demand for Storage Is Driving From the Developing Economies | Forecast 2022

02-12-2019 10:47 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Non-Volatile Memory Market

Non-Volatile Memory Market

Non-Volatile Memory Market (NMV) Report, published by Allied Market Research, forecasts that the global market is expected to garner $82 billion by 2022, registering a CAGR of 10% during the forecast period 2016 - 2022. Asia-Pacific leads the world market and accounts for more than 40% share of the overall NVM market revenue followed by North America. The Asia-Pacific market growth is mainly driven by factors such as increasing number of datacenters and increasing use of NVM in consumer electronics manufacturing activity.

Electrically addressed is the foremost memory type and widely used in consumer electronics. Presently, rise in demand for greater efficiency, faster memory access and low-power consumption are some of the major factors that are driving the market growth. Moreover, aggrandized use of NVM in flexible electronics is expected to provide huge opportunities to the market growth. Among various electrically addressed memory types, NVRAM is leading the segment and would continue this trend throughout the forecast period. However, emerging memory such as 3D XPoint, MRAM, and SONOS are expected to grow in the future owing to the faster data transfer and light weight design.

Among several application, enterprise storage is the predominant application segment that account for 27% share of the overall NVM market in 2014. Increasing number of datacenter is the key driving factors for this segment as it does the significant contribution in overall segment revenue. However, consumer electronic application is anticipated to be most lucrative application and expected to exhibit to register the highest CAGR of 11.1% during the forecast period. The growth is mainly driven by increasing use of NVM in consumer electronics, mainly in smartphone and wearable devices to enable more storage and faster memory access. Moreover, Asia-Pacific is the major contributor in consumer electronics sector with a significant revenue contribution in 2014.

Make Purchase Report Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/563?utm_source=openpr&utm_medium=vs

Telecom & IT industry vertical is projected to maintain its lead in the overall NVM market as huge amount of customers
data is generated in telecom on a regular basis that further necessitates the efficient datacenter or storage requirement.
The major demand for storage is driving from the developing economies such as Asia-pacific that has further boosted the market growth. Furthermore, automotive is anticipated to exhibit the highest growth, with a CAGR of 11.0% during the forecast period. This is owed to the advancements in technology and increased production.

Asia-Pacific accounted for the majority of revenue in 2014 and is expected to maintain its dominance throughout the forecast period. This is attributed to the rising number of datacenter and increasing enterprise storage requirement that in turn increases the demand for memory. Moreover, advancement in consumer electronic and introduction of flexible electronics would further boosts the NVM market worldwide primarily in Asian countries, such as Japan, Singapore, and India.

Asia-Pacific is projected to be the fastest growing region throughout the analysis period. Furthermore, increase in IT expenditures in several countries including Japan, India, and South Korea to satisfy the end-user storage needs have bolstered the market growth. Moreover, technological advancements to overcome low write endurance rate issue in NVM would offer lucrative opportunities for the market.

Key findings of Non-Volatile Memory (NVM) Market:
• In 2014, electrically addressed type led the overall NVM market revenue, and is projected to grow at a CAGR of 10.1% during the forecast period.
• Automotive industry vertical segment is projected to grow at a CAGR of 11% during the analysis period.
• Consumer electronics segment is expected to exhibit fastest growth during the forecast period, owing to increasing application of NVM in smartphone and wearable device.
• Japan is the major shareholder accounting for about 34% share of the Asia-Pacific NVM market.

The key players in the NVM market are focused to expand their business operations in the fast-growing emerging countries with new product launches as a preferred strategy. The major players profiled in this report include Adesto Technologies Corporation, Viking Technology, Crossbar Inc., Kilopass Technology Inc., Samsung Electronics Co., Ltd., Intel Corporation, Sidense Corporation, Sandisk Corporation, Fujitsu Ltd, and Micron Technology, Inc.

Download Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/563?utm_source=openpr&utm_medium=vs

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+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.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Non-Volatile Memory Market Major Demand for Storage Is Driving From the Developing Economies | Forecast 2022 here

News-ID: 1580109 • Views: 257

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for NVM

Nonvolatile Memory (NVM) Market Insights, Forecast to 2025: By Product, Applicat …
"The Report Global Nonvolatile Memory (NVM) Market Insights,Forecast to 2025 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" The main objective of this report is to define, describe, and forecast the global “” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of
2018 Non-Volatile Memory (NVM) Market SWOT, Industry Chain and Raw materials Ana …
ReportsnReports recently announces a latest research report titled “Global Non-Volatile Memory (NVM) Market 2018” which highlights the Non-Volatile Memory (NVM) market size, comprehensive Non-Volatile Memory (NVM) industry dynamics and high-tech updates of global Non-Volatile Memory (NVM) market with respect to Non-Volatile Memory (NVM) industry opportunities, threats, challenges, constraints, cost structure and current trends in the Non-Volatile Memory (NVM) industry. The Non-Volatile Memory (NVM) (NVM) Market is a type of secondary memory
Nonvolatile Memory (NVM) Market: Know The Key Growth Drivers Developments and In …
Qyresearchreports include new market research report Nonvolatile Memory (NVM) to its huge collection of research reports. Serving as an invaluable source of guidance for individuals as well as companies, the latest report added to QYResearchReports studies the global Nonvolatile Memory (NVM) market and provides a new perspective on the workings and components of the market on a global as well as regional level. The research study analyzes the industry chain of
Global Nonvolatile Memory (NVM) Sales Market Segment by Application and Industry …
"The Latest Research Report Global Nonvolatile Memory (NVM) Sales Market Report 2017 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" In this report, the global Nonvolatile Memory (NVM) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report
Nonvolatile Memory (NVM) Market Analysis- Size, Share, Growth, Industry Demand, …
ReportBazzar has released its latest research-based report entitled ‘Nonvolatile Memory (NVM)’ market. The following points are covered in the report: • Market segmentation • Penetration & Growth Mapping • Market Trends • Market Driver Analysis • Market Restraint Analysis • Growth opportunities • Porter’s Analysis • SWOT Analysis Industry Insights: This report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Nonvolatile Memory (NVM) market. The report also provides a detailed analysis of key trends playing
Nonvolatile Memory (NVM) 2017 Market Segmentation,Application,Technology & Marke …
WiseGuyReports.Com Publish a New Market Research Report On - “Nonvolatile Memory (NVM) 2017 Market Segmentation,Application,Technology & Market Analysis Research Report to 2021”. Description: In this report, the global Nonvolatile Memory (NVM) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with