Next Generation Memory Market
Next Generation Memory Market is expected to grow from USD 2.88 Billion in 2018 to USD XX Billion by 2026, at a CAGR of XX % between 2019 and 2026. (Detailed analysis of the market CAGR is provided in the report).
Next-generation memories are the introduction of new technologies and advancements in the area of storage devices. They feature major upgrade of software and hardware components of storage devices. With the rising need for faster, efficient, and cost-effective Next-generation memories are introduced.Rise in the demand for FeRAM in automotive applications, rise in the usage of next-generation memory in smartphones, advancements in technologies such as artificial intelligence (AI), Internet of Things (IoT), and big data, high growth in the wearable electronics industry, increasing adoption of MRAM & PCM memory and enterprise storage, and increasing demand for faster, efficient and cost-effective memory solutions are the major factors contributing to the growth of Next-generation memory market.However, higher designing costs for emerging memories, low stability during environmental conditions, and presence of intense competition are the key restraining factor for Next-generation memory market.Further key findings from the report:• Among Geographical regions, North America accounted for the largest share of the overall Next-generation market in 2016. Rapid technological advancements, changes in consumer preferences overuse of electronic data storage device are the factors driving the growth of next-generation memory market in this region• From Technology segment, Nonvolatile memory accounted for the largest share of the Next-generation market in 2016. Advantages of Nonvolatile memory over volatile memory such as better speed and improved performance efficiency is the key factor for the growth of this segment. Nonvolatile memories such as STT-MRAM, 3D XPoint, and ReRAM are further contributing to the growth of this segment• Next Generation Memory Market for consumer electronics application is anticipated to grow at highest CAGR during the forecast period. Consumer electronics segment include application areas such as smartphones, gaming devices, digital cameras, and others. From this application areas smartphone application to hold the largest share of the market in this segment• APAC is expected to grow at highest CAGR between 2017 and 2026. This growth can be attributed to increasing number of manufacturing activities in the enterprise storage and consumer electronics sectors, increasing demand for mobile phones and computers, rising number of data centers and servers, and increasing shipments of network equipmentKey Highlights:• Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Next Generation Memory Market• The objective of the report is to provide a detailed analysis of the Next-Generation Memory Market on the basis of technology, application, wafer size, and geography• Complete quantitative analysis of the industry from 2017 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain• Analysis of the Next Generation Memory Market with respect to individual growth trends, prospects, and contribution to the total market• Segment wise business performance detailed in report will be worthwhile for the organizations willing to enhance its business• Provides detailed information regarding the major factors influencing the growth of the Next-Generation Memory Market (drivers, restraints, opportunities, and challenges)• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the businessResearch MethodologyBloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Next-Generation Memory Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Next Generation Memory Market globally.Key Players in the Next Generation Memory Market Are:• Samsung• Micron• Toshiba• Western Digital• Adesto• SK Hynix• Microchip• Intel• Fujitsu• Everspin• IBM• Avalanche• Open-Silicon• RAMbusKey Target Audience:• Original equipment manufacturers (OEMs)• Intellectual property (IP) core and licensing providers• OEM technology solution providers• End-users/enterprise-users• Research institutes and organizations• Government bodies, venture capitalists, and private equity firms• Market research and consulting firms• Enterprise data center professionals
