Non-Volatile Memory Market Size 2022, Top Companies Analysis, Share, Trends, Business Model and Forecast by 2027

The latest research study "Non-Volatile Memory Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global non-volatile memory market reached a value of US$ 56.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 111.95 Billion by 2027, exhibiting a CAGR of 11.50% during 2022-2027.

COVID-19 Impact on Market: (Positive Impact)

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Industry Definition and Application:

Non-volatile memory (NVM), also called non-volatile storage, represents a type of computer memory which can retain saved data even when the power is turned off. It does not require the information to be periodically refreshed. Commonly used NVM include flash memory, hard disks, floppy disk drives, magnetic tapes, read-only memory (ROM), optical disc drives, and other computer storage methods, such as paper tapes and punch cards. This storage system finds widespread applications across several sectors, including retail, information technology (IT), telecommunications, automotive, healthcare, etc.

Global Non-Volatile Memory Market Trends and Drivers:

The escalating demand for smartphones for communication and other purposes, which use advanced processors to enable fast data transfer and the expanding electronics industry are primarily driving the non-volatile memory market. Besides this, the rising utilization of this storage technique in chips for digital cameras and universal serial bus (USB) sticks is further augmenting the market growth. Moreover, the introduction of advanced NVM technologies, such as magneto resistive random-access memory (MRAM), 3D XPoint, and nano random-access memory (NRAM), is also catalyzing the global market.

Apart from this, the extensive research and development (R&D) activities by the leading players and the increasing number of data centers across countries are acting as significant growth-inducing factors. Furthermore, the growing popularity of flash storage in global positioning systems (GPS), gaming devices, laptops, and electronic musical instruments, on account of its lower price and power consumption, is expected to bolster the non-volatile memory market in the coming years.

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Global Non-Volatile Memory Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include:

Avalanche Technology, CrossBar Inc., Dialog Semiconductor PLC (Renesas Electronics Corporation), Fujitsu Limited, Honeywell International Inc., Infineon Technologies AG, Intel Corporation, Microchip Technology Inc., Micron Technology Inc., Samsung Electronics Co. Ltd., STMicroelectronics, Texas Instruments Incorporated, Toshiba Corporation, and Western Digital Corporation.

The report has segmented the market on the basis of region, type and industry vertical.

Breakup by Type:
• Electrically Addressed
• Mechanically Addressed
• Others

Breakup by Industry Vertical:
• Telecom and IT
• Healthcare
• Automotive
• Consumer Electronics
• Energy and Power
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.