Cloud Solutions Promise Robust Growth for the Next Generation Non-Volatile Memory Market

According to a latest report by Assocham-Pwc, date usage is expected to grow by 73% by 2022. Assocham, or the the Associated Chambers of Commerce & Industry of India believes the penetration of high-speed internet and easy availability of smartphones is expected to drive tremendous growth for data usage. Additionally, this development is expected to drive enormous growth worldwide as implementation of smart infrastructure driven by 5G opens key commercial opportunities globally. Moreover, the development is expected to drive growth of non-volatile memories like NAND storage solutions which is rapidly emerging in the market. Massive data generation, consumption, and developments like AI, Big Data, and 3D printing on the horizon are expected to create significant opportunities for players in the next generation non-volatile memory market.

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Cloud Computing to Remain at the Forefront of Growth

Cloud computing with storage solutions are expected to drive significant growth in the next generation non-volatile memory market. Cloud computing along with need for solid-state drives is a major trend in the market with major players like Google are expected to investing heavily in the future. Other tech giants are not far behind. Recently, Oracle launched its new cloud centers in India. The technology that Oracle used is worth noting. The company said that its code for storage solutions will be in a different language as compared to data storage language used. The possibilities of data espionage were major concerns in the market. However, with solutions like these, the major cloud providers seem to be moving in new directions to allay fears for commercial applications. This is expected to create new opportunities as cloud solutions promise increased efficiency and significant reductions in operational costs for businesses. The growing adoption of cloud solutions and growth of datacenters worldwide are expected to create significant opportunities for players in the next generation non-volatile memory market.

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Big Data Revolution Drives the Next Generation Non-Volatile Memory Market

The next generation non-volatile memory market is expected to register robust growth in the near future, thanks to the looming big data revolution on the horizon. Giant technology firms are betting big on big data and Artificial Technology to solve some of the biggest challenges in the world today. These problems include environmental monitoring, smart traffic management, and breakthroughs in medical research as well. The next generation non-volatile memory market will likely aid this development as it offers cost-efficient, faster and more productive memory solutions.

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These are known to be the next-generation memory devices as volatility in electrical devices can cause considerable and irreversible data loss. However, these next-gen devices are expected to regulate much-needed electrical voltage and protect devices from major fluctuations. These devices promise to offer several other advantages such as scalability, large memories, and fast data recovery as well. Due to growing demand for cloud solutions, the next generation non-volatile memory market is expected to witness robust growth in the near future.

Emerging Challenge in the Next Generation Non-Volatile Memory Market

The next generation non-volatile memory market is driving growth on the back of major opportunities. However, the market also faces uncertainties which often go hand-in-hand with innovation. The earlier generation of memory devices like hard disks, USBs are facing lower margins due to stiff competition. Additionally, attempts by major phone markers such as Apple and others to shift users to cloud technology have failed miserably. Users continue to prefer keeping physical storage options to maintain their data and the margins in these physical storages are really low. This poses a major challenge to the growth of the next generation non-volatile memory market.

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Additionally, growth of technologies such as 5G can pose a further challenge to the existing market landscape. Today, many users carry large physical memory devices due to the slow speeds of uploading data to the cloud. 5G technology is expected to unable live hologram, virtual reality, and many other similar technologies due to breakthrough data transfer speeds. This is likely to damp the spirits in the next generation non-volatile memory market.

Next Generation Non-Volatile Memory Market Fuelling the Demand by 2025

Global Next Generation Non-Volatile Memory Market: Snapshot

Next-generation non-volatile memory technologies continue to get wide attention among electronics manufacturer. In recent years, their applications have gained traction across a number of data centers and client computers. The push for non-volatile memory technologies stems from the need for scalability, rapid read-and-write performance, and simple structure. Furthermore, next-generation non-volatile memories allow for an easy incorporation with the complementary metal-oxide-semiconductor process. Recent advancements in spin logic devices and cache memory have spurred capital investments of manufacturing companies in a number of developing and developed nations. Several advantages of using non-volatile memory technologies for the main memory of computing system lead to significant reduction of power usage. Their application also makes systems adopt to new power saving modes, provide rapid recovery of the data after the system is resumed after a power off. In addition, they are increasingly found instrumental in providing stable computer architectures that can retain their state even when the power is off. In addition, they can fill the density gap between the memory and storage.

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The burgeoning data-centric applications in various enterprises world over, the growing prominence of mobile devices, and the growing popularity of Internet-of-things (IoT) are expected to provide an impetus to the evolution of the next-generation non-volatile memory market. High-performance and cost-effective emerging next-generation non-volatile memory technologies help to simplify memory hierarchy, incorporate non-volatility in logic circuits, and make way for novel applications such as in neuromorphic computing and hardware security. This also renders computing systems more secure, improve their performance, and make the memory easily scalable. Some innovative use of Next-generation non-volatile memory technologies are in making 3D stackable memory architecture

Global Next Generation Non-Volatile Memory Market: Overview

In this digital day and age, everything and anything is stored in the small memory chip of a given electronic device. From handheld devices to supercomputers, all common computing platforms use storage systems to store data temporarily or permanently. However, if the primary storage crashes or goes through a temporary breakdown, it is next to impossible to retrieve data. Here, non-volatile memory comes into play. Non-volatile memory is generally used for long-term persistent storage. Increased usage of smart devices including smartphones and tablets is fuelling the demand for next generation non-volatile memory. Hard disk, flash memory, and magnetic tape are the most common examples of non-volatile memory.

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On the basis of type, the market can be segmented into Ferroelectric RAM (FeRAM), Resistive RAM (RRAM), Phase-Change memory (PCM), Magneto-resistive RAM (MRAM), flash and spin-transfer torque RAM (STT-RAM). Based on application, the market can be segmented into energy and power distribution, industrial, automotive and transportation, healthcare, military and aerospace, telecommunication, consumer electronics, and enterprise storage.

In the report, TMR Research offers a detailed breakdown of drivers and restrictions in the global next generation non-volatile memory market. It also provides insight into the various segments and regions of the market.

Global Next Generation Non-Volatile Memory Market: Drivers and Restraints 

The global next generation non-volatile memory market is growing due to innumerable factors, which include rise in the demand for mass storage and universal storage devices and escalating demand for fast, high scalable, and economical memory solutions. In addition, as traditional memory technologies are on a downswing, this is projected to be a key factor driving the development of new technologies, which are expected to provide efficient and faster storage methods. Increasing demand for next generation non-volatile memory in various industrial applications and as replacements for flash memory is likely to subsequently provide new opportunities for market growth in the given period. High demand for wearable and flexible electronics may also offer new avenues for industry growth. However, high designing cost is  expected to limit the growth of the market in the forecast period.

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The MRAM product segment is a key contributor to the market, and is expected to account for a large market share over the forecast period. Enterprise storage is projected to hold a significant share in the market in the years to come due to increase in the adaptation of STT-MRAM and PCM memory. In terms of application, consumer electronics is expected to hold a key position in the market. The prominent vendors in the telecommunication industry will be extensively using next generation non-volatile memory to provide their customers an enhanced experience, thus fuelling the market growth.

Global Next Generation-Non Volatile Memory Market: Regional Analysis

Geographically, the global next generation non-volatile memory market can be classified into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Due to the presence of key market players operating in developing economies such as South Korea, Japan, China, and India, Asia Pacific is expected to hold a large share in the forecast period. Furthermore, due to rising demand for smart devices such as tablets and smartphones, the market in this region will grow exponentially in the years to come.

Global Next Generation Non-Volatile Memory Market: Key Players

The report profiles prominent players in the global next generation non-volatile memory market based on various attributes such as financial overview, business strategies, company overview, and recent developments. Some of the key players are Samsung Electronics Co. Ltd, Adesto Technologies, Everspin Technologies, Intel Corporation, Crossbar Inc., Fujitsu Ltd, IBM Corp, Micron Technology, and Toshiba Corporation.

Next-gen Non-volatile Memory Highly Demanded by Electronics Industry

San Francisco, California, October 26, 2017: “Next Generation Non-Volatile Memory Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025” is the latest report added by TMR Research which speaks about the present competitive market landscape of the international market for next generation non-volatile memory along with its micro and macro-economic directives, mandates, and regulations that monitor the global market. The study report also provide extensive information on both quantitative as well as qualitative evaluation of the global next generation non-volatile memory market by inspecting the information collected from key market companies and industry professionals.

In the current age of digitization, anything and everything is stored on a small memory chip of the concerned electronic device. Ranging from handheld gadgets to large supercomputers, all the common computing platforms make use of storage systems to put in data permanently or temporarily. However, if the primary storage breaks down or is under some temporary maintenance, it becomes highly difficult to recover the data. Non-volatile memory is usually used for the consistent long term data storages. Growing usage of smart gadgets and devices such as tablets and smartphones is expected to propel the requirement for the next generation non-volatile memory. Flash memory, magnetic tape, and hard disk are some of the most common examples non-volatile memory.

The next generation non-volatile memory technologies are expected to continue gaining large scale attention across the electronics manufacturing industry. In the past few years, their applications have gathered a lot of popularity across a wide range of client computers and data centers. The push of using non-volatile memory technologies comes from the requirement for rapid read and write performance, scalability, and simple structure. In addition to this, the next generation non-volatile memories permit for a swift incorporation with the complementary process of metal oxide semiconductor. Recent developments in the cache memory and spin logic devices have propelled capital investments of production companies in several developed and developing nations. Numerous advantages of using these non-volatile memory technologies as the chief memory of the computing system has led to a considerable reduction in the overall power usage. Furthermore, these technologies are being growing found vital in offering a stable computing architecture that can sustain its state even when there is a power cut.

The global market for next generation non-volatile memory is expected to be mainly driven due to factors such as increase in the need for mass storage and devices for universal storage, increasing demand for highly scalable, economical, and fast memory solutions. In addition to this, as the conventional memory technologies are facing degradation, it is expected to provide a massive push for the next generation non-volatile memory market. Growing demand for the next generation non-volatile memory devices across the different industrial application and as an alternative for flash memories is also expected to drive the overall development of the global market over the course of the given forecast period of 2017 to 2025.

However, there are some challenges that may pose some problem in letting the global next generation non-volatile memory market to its full potential. High designing expenses is expected to restrict the growth of the market over the coming years.

In terms of geography, the global market for next generation non-volatile market can be segmented into key regions such as Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific. Of these mentioned regions, because of the presence of the emerging economies such as China, India, and South Korea, the market in Asia Pacific is expected to dominate the global market over the coming years.

Some of the key companies operating in the global next generation non-volatile memory market include names such as Everspin Technologies, Toshiba Corporation, Intel Corporation, Samsung Electronics, and Fujistu Ltd. among others.

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