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Next Generation Memory Market Analysis and Forecasts 2018-2023
by Miller@21 · June 24 Tyreek Hill Chiefs Jersey , 2019

The Next-Generation Memory (NGM) Market is expected to be valued at USD 2.35 billion in 2017 and is projected to reach USD 9.68 billion by 2023, at a CAGR of 26.54% between 2017 and 2023. The NGM market ecosystem consists of fabricators; semiconductor device or chip manufacturers; system manufacturers; assemblers; service providers; technology solution providers; and distributors. NGM plays a significant role in applications such as enterprise storage, automotive and transportation, consumer electronics, and industrial. Increasing demand for universal memory devices and enterprise storage applications, and need for high-bandwidth Darwin Thompson Authentic Jersey , low-power-consumption, and highly scalable memory devices for technologies such as artificial intelligence (AI), Internet of Things (IoT), and big data are the major driving factors for the NGM market.

The emerging memory technologies overcome the limitations of traditional nonvolatile memory devices, pertaining to scalability, endurance Khalen Saunders Authentic Jersey , and other parameters. A huge volume of data is generated globally on a daily basis, creating need for more effective storage solutions with large storage capacity. Nonvolatile memory technologies such as ReRAM and STT-MRAM PCM offer speed and performance comparable with volatile memory technologies such as DRAM and SRAM, along with higher storage densities. Additionally, the increasing demand for wearable electronics, high-performance computing, and the replacement of Flash memory storage are fueling the demand for emerging nonvolatile memory technologies.

Get Free 10% Customization @ Product launches and developments were the major strategies opted by the key players to grow in the NGM market. In August 2017 Juan Thornhill Authentic Jersey , Samsung (South Korea) launched V-NAND (Vertical NAND) memory solutions and technologies, namely, 1Tb V-NAND chip, 16 TB NGSFF SSD, and Z-SSD, to address the requirements of next-generation storage systems and data processing. Moreover Mecole Hardman Authentic Jersey , in April 2017, SK Hynix (South Korea) launched the 2Znm 8 GB GDDR6 (Graphics DDR6) DRAM. It operates at a fast IO data rate of 16 Gbps per pin.

Among memory technologies, nonvolatile memory held a larger share of the market in 2016. The market for next-generation nonvolatile memory is increasing owing to the growing demand for fast, efficient, and cost-effective memory solutions. The market for volatile memory technology is expected to grow at a higher CAGR between 2017 and 2023. It is expected to have high potential in high-computing graphics applications owing to its higher bandwidth capacity than other memory technologies; higher bandwidth also reduces the memory power consumption by up to 50%.

The demand for NGM for the consumer electronics application is expected to grow owing to the increasing demand for connected and wearable devices. Smartphones, digital cameras Spencer Ware Authentic Jersey , gaming devices, and other consumer electronic devices also need memory technologies in bulk. With growing consumer electronics market, the demand for emerging memory technologies is also expected to increase.

Target Audience:

Raw material suppliers Original equipment manufacturers (OEMs) OEM technology solution providers Technology, service, and solution providers Intellectual property (IP) core and licensing providers Suppliers and distributors Government and other regulatory bodies Forums, alliances Justin Houston Authentic Jersey , and associations Technology investors Research institutes and organizations Analysts and strategic business planners Market research and consulting firms
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