Non-volatile Memory Market is Expected to be Worth USD 81.51 Billion in 2022: Growing Demand for Non-volatile Memory in Connected & Wearable Devices - Research and Markets

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24 Apr, 2017, 11:00 GMT

DUBLIN, Apr. 24, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Non-Volatile Memory Market - Global Forecast to 2022" report to their offering.

The global non-volatile memory market is expected to reach USD 81.51 Billion by 2022, at a CAGR of 9.96% between 2016 and 2022. Some of the key factors driving this market are the need for high-speed, low-power-consuming, and highly scalable memory devices as well as the growing demand for non-volatile memory in connected and wearable devices.

The traditional non-volatile memory led the market in 2015. Embedded non-volatile memory has gained significant traction in the connected devices and IoT market because of its higher efficiency under ultra-low power. Non-volatile memory is one of the major components of connected devices. Also, the high adoption of Flash memories in consumer electronics, because of their low price and low power consumption, is driving the market for 2D and 3D NAND. Therefore, the traditional non-volatile memory held the largest market size in the non-volatile memory market owing to the inexpensive memory solutions as well as the increasing density and performance.

The market for the agricultural industry is expected to grow at the highest rate during the forecast period. The increasing use of technologies in agricultural processes and the introduction of IoT in agriculture has led to the growing use of high-end computing in this industry. Non-volatile memory is an integral part of various microcontrollers used in the agricultural industry for computing and analysis applications. Thus, the non-volatile memory market for the agricultural industry is expected to grow at the highest rate. Low write endurance is the major restraining factor for the growth of the non-volatile memory market. The low write endurance of non-volatile memories affects its acceptability over other memories in applications where repetitive read/write operations are required. The conventional memories which hold the largest market share such as NAND Flash and others still face the problem of low endurance.

Companies Mentioned

  • Adesto Technologies Corp.
  • Avalanche Technology Inc.
  • Crossbar Inc.
  • Everspin Technologies, Inc.
  • Floadia Corporation
  • Fujitsu Ltd.
  • Intel Corporation.
  • Kilopass Technology Inc.
  • Microchip Technology, Inc.
  • Micron Technology, Inc.
  • Nantero Inc.
  • Nvmdurance Ltd.
  • Samsung Electronics Co., Ltd.
  • Sidense Corp.
  • SK Hynix, Inc.
  • Toshiba Corp.
  • Viking Technologes Ltd.
  • Western Digital Corp.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market, By Type

8 Market, By End-User Industry

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/3vc7xr/nonvolatile

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