Next-Generation Memory Market by Technology (Volatile (HMC and HBM), and Nonvolatile (MRAM, FRAM, RERAM, 3D XPoint, NRAM)), Wafer Size (200 mm, 300 mm, and 450 mm), Application, and Geography
Next-Generation Memory Market by Technology (Volatile (HMC and HBM), and Nonvolatile (MRAM, FRAM, RERAM, 3D XPoint, NRAM)), Wafer Size (200 mm, 300 mm, and 450 mm), Application, and Geography
According to the new research report "Non-Volatile Memory Market by Type (Flash (NAND, NOR), EEPROM, NVSRAM, Embedded, EPROM, 3D NAND, MRAM/STTMRAM, FRAM, RERAM/CBRAM, 3D XPOINT, NRAM), End-User Industry, and Geography - Global Forecast to 2022", the non-volatile memory market is expected to be worth USD 82.03 Billion by 2022, at a CAGR of 9.50% between 2017 and 2022. The growth of this market is mainly driven by 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 Asia Pacific region is expected to be one of the key markets for non-volatile memory in the future, owing to the varied applications of non-volatile memory. The market growth can be attributed to the region's high population density, making it a high-potential market for consumer electronic products. The increasing demand for non volatile memory (NVM) in consumer electronic products is driving the market in Asia Pacific. The Asia Pacific region comprises some of the leading countries in the field of electronics, such as China, Japan, Taiwan, and India. The region is a hub for significant semiconductor and electronics manufacturing. This is one of the vital factors fueling the market in the region.
The non-volatile memory market is projected to grow from USD 74.6 billion in 2022 to USD 124.1 billion by 2027; it is expected to grow at a CAGR of 10.7% from 2022 to 2027.
Memory storage in computers is the heart and soul of the entire system. It's where all your data, programs, and operating system information reside. Whether you're typing a document, playing a video game, or browsing the internet, your computer's memory storage is constantly at work, allowing you to access and manipulate the data you need.
The Next Gen Memory market was valued at US$ 2.28 Bn in 2017 and is projected to reach US$ US$ 26.57 Bn by 2027; it is expected to grow at a CAGR of 29.4% from 2019 to 2027.
The growth of the non-volatile memory market can be attributed to the increasing demand for non-volatile memory in connected and wearable devices and growing requirement for highly scalable memory devices that offer high speed and have low power consumption.
Traditional memory technologies have limitations in scalability and storage. There is a need for next generation memory technologies with upgraded architecture and lower power consumption. Next generation memory technologies are becoming necessary due to the increasing demand for newer memory solutions with improved performance and reduced power consumption.
According to the latest research report by IMARC Group, The global memristor market size reached US$ 190 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,621 Million by 2028, exhibiting a growth rate (CAGR) of 51.4% during 2023-2028. More Info:- https://www.imarcgroup.com/memristor-market
According to the latest research report by IMARC Group, The global memristor market size reached US$ 190 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,621 Million by 2028, exhibiting a growth rate (CAGR) of 51.4% during 2023-2028. More Info:- https://www.imarcgroup.com/memristor-market
The global next generation memory market is witnessing a very high growth rate as the need for advanced high density memories that can cater to the needs of the ever evolving complex computing systems is increasing.
Next generation memories are the emerging non-volatile memory technologies, which are expected to replace existing memories. Not all existing memories will be replaced though. Next generation memories majorly targets the non-volatile memories such as NAND and NOR. High write and read latency, scalability, high endurance etc.