next generation memory Market Share & Growth | Forecast 2030
next generation memory Market Share & Growth | Forecast 2030
Segments - Next Generation Memory Market by Products (Non-volatile and Volatile), Applications (Embedded MCU & Smart Cards, Industrial & Automotive, Mobile Phones, Mass Storage, and Cache Memory & Enterprise Storage), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :ICT-SE-3394
| 4.3 Rating
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| 192 Pages
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Report Description
The global next generation memory market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the growing demand for economical, high scalable, and fast memory solutions.
The next generation memory is a technologically advanced and improved storage technology which is used in the field of computer. It is a common label applied to a major upgrade of software and hardware product. This technology of memory has emerged as an important technology because everything used today generates data which need to be stored for future reference. Next-generation memory technology has extensive application in supporting data storage in various industry verticals, such as automobile, data centers, information technology, and network communication. The technology is an ideal substitute for existing mass production memories such as Flash and SRAM. The next-generation memory technology offers numerous benefits, such as fast working and less power consumption compared to existing memory technologies.
The COVID-19 pandemic outbreak had negative impact on the market. During pandemic, supply chain was disrupted and manufacturing plants halted their operations, which hampered the market. The market is expected to recover soon with an uptrend operation due to subsiding the COVID cases gradually across the globe.
Market Trends, Drivers, Restraints, and Opportunities
- Rising need for mass storage and universal storage devices is one of the key factors driving the market growth.
- Increasing demand of memory technology from data centers and enterprise storage application is projected to boost the market during the forecast period.
- Decreasing stability under extreme environmental conditions, such as high temperature acts as a major challenge that can restrict the market growth in the coming years.
- Low write endurance rate is expected to hamper the market growth during the projected timeline.
- Escalating demand in industrial application and replacement of flash memory is anticipated to create significant growth opportunities for the market.
Scope of the Report
The report on the global next generation memory market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Next Generation Memory Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Products (Non-volatile and Volatile) and Applications (Embedded MCU & Smart Cards, Industrial & Automotive, Mobile Phones, Mass Storage, and Cache Memory & Enterprise Storage) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Adesto Technologies; Crossbar Inc.; Intel Corp.; Samsung Electronics Co., Ltd.; IBM Corp.; Toshiba Corp.; Everspin Technologies, Inc.; Fujitsu Ltd.; and Micron Technology, Inc. |
Market Segment Insights
Non-volatile segment to register a high CAGR
On the basis of products, the global next generation memory market is bifurcated into non-volatile and volatile. The non-volatile segment is projected to register at high CAGR in the projected timeline owing to the integration of the product in modern electric equipment. Moreover, the segment growth is further accelerated as non-volatile memory offer various benefits, such as highly reliable, increased security, and high endurance. On the other hand, the volatile segment is anticipated to register a substantial CAGR during the forecast period attributed to the faster data operation, low power consumption, and it is better suited to retaining sensitive information.
Growing data centers drives the cache memory & enterprise storage segment
Based on applications, the market is divided into embedded MCU & smart cards, industrial & automotive, mobile phones, mass storage, and cache memory & enterprise storage. The cache memory & enterprise storage segment is expected to grow at a rapid pace during the forecast period due to the growing data centers across the globe. Additionally, increasing need for data storage capabilities in cloud storage and data centers is driving the segment growth further. However, the mass storage segment is anticipated to expand at a substantial CAGR in the coming years owing to the generation of large volume of data every day across the globe, which rising the need for more effective storage solutions with larger storage capacity.
Asia Pacific to constitute a key market share
In terms of region, the global next generation memory market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the projected period owing to the rising penetration of mobile phones, computer, and presence of key global players in the region. However, the market of North America is anticipated to grow at a rapid pace during the forecast period due to the increasing need of more efficient processing systems across industries and early adoption of next generation technologies and infrastructure in the region.
Segments
Segments Covered in the Report
The global next generation memory market has been segmented on the basis of
Products
- Non-volatile
- Volatile
Technology
- Fully Immersive
- Semi-immersive
Applications
- Embedded MCU & Smart Cards
- Industrial & Automotive
- Mobile Phones
- Mass Storage
- Cache Memory & Enterprise Storage
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Adesto Technologies
- Crossbar Inc.
- Intel Corp.
- Samsung Electronics Co., Ltd.
- IBM Corp.
- Toshiba Corp.
- Everspin Technologies, Inc.
- Fujitsu Ltd.
- Micron Technology, Inc.
Competitive Landscape
Key players competing in the global next generation memory market are Adesto Technologies; Crossbar Inc.; Intel Corp.; Samsung Electronics Co., Ltd.; IBM Corp.; Toshiba Corp.; Everspin Technologies, Inc.; Fujitsu Ltd.; and Micron Technology, Inc. Companies are focusing on investments in R&D sector to gain an early mover advantage. Furthermore, companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.
For instance, in July 2019, Fujitsu Semiconductor announced the release of the 8Mbit ReRAM MB85AS8MT, which was developed jointly with Panasonic Semiconductor Solutions Co. Ltd. and is largest density as a mass-produced across the globe. The newly launched product is suitable for wearable devices. In August 2019, Samsung Electronics Co., Ltd announced its 6th generation V-NAND memory using new circuit design technology with 100 active layers. It consumes 15% lower amount of power and features 10% lower latencies compared to Samsung's previous-generation V-NAND products.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. next generation memory Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. next generation memory Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. next generation memory Market - Supply Chain
4.5. Global next generation memory Market Forecast
4.5.1. next generation memory Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. next generation memory Market Size (000’ Units) and Y-o-Y Growth
4.5.3. next generation memory Market Absolute $ Opportunity
5. Global next generation memory Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. next generation memory Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global next generation memory Demand Share Forecast, 2019-2026
6. North America next generation memory Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America next generation memory Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America next generation memory Demand Share Forecast, 2019-2026
7. Latin America next generation memory Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America next generation memory Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America next generation memory Demand Share Forecast, 2019-2026
8. Europe next generation memory Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe next generation memory Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe next generation memory Demand Share Forecast, 2019-2026
9. Asia Pacific next generation memory Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific next generation memory Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific next generation memory Demand Share Forecast, 2019-2026
10. Middle East & Africa next generation memory Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa next generation memory Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa next generation memory Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global next generation memory Market: Market Share Analysis
11.2. next generation memory Distributors and Customers
11.3. next generation memory Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Adesto Technologies
11.4.2. Crossbar Inc.
11.4.3. Intel Corp.
11.4.4. Samsung Electronics Co., Ltd.
11.4.5. IBM Corp.
11.4.6. Toshiba Corp.
11.4.7. Everspin Technologies, Inc.
Methodology
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