Next-Generation Memory Market worth 29.3% CAGR by 2026
" COVID-19 Impact on Next-generation memory market, size, share, growth, industry analysis, and forecast 2020-2026 "
Next-generation memories are the emergence of new technologies and advancements in the field of storage devices. They present key development in software and hardware components of storage devices. With the increasing requirement for quick, efficient, and cost-beneficial next-generation memories are introduced over traditional memories.
The key factor responsible to accelerate the growth of next-generation memory market is the increasing penetration of the internet of things technology. The vision for the IoT industry-wide envisages installing various numbers of connected devices into the global network. Such massive growth in installing connected devices has created a critical memory challenge for the internet of things, which is tackled by innovative memory technologies. Since the next-generation memories offer non-volatility, vast integration, lower voltage operations, higher capacities, and quicker read and write times, their demand to support the effective functioning of the internet of things network is projected to increase in the coming years.
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Furthermore, the rising demand for the latest nonvolatile memory in connected devices, the potential for replacing flash memory, and increasing nonvolatile memory usage in smartphones are likely to provide lucrative opportunities for the next-generation memory market growth.
The Next-Generation Memory Market research report titled “Next-Generation Memory Market by Technology, Application, and Geography – Global Forecast up to 2026.”
The top companies leading in the next-generation memory market are Adesto Technologies Corporation, Inc., Samsung Electronics Co., Ltd., SK Hynix Inc., The International Business Machines Corporation (IBM), and Micron Technology, Inc.
Asia Pacific region is having a significant role in the market growth. This major role is ascribed to the existence of key competitors and the huge number of data centers and servers in this region, growing demand for consumer electronics and storage devices.
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The report consists of 80 Tables and 53 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Next-Generation Memory Market by Technology
- Magneto-Resistive Random-Access Memory (MRAM)
- Ferroelectric RAM (FRAM)
- Resistive Random-Access Memory (ReRAM)
- 3D Xpoint
- Nano RAM
- Other Non-volatile Technologies
- Hybrid Memory Cube (HMC)
- High-bandwidth Memory (HBM)
Next-Generation Memory Market by Application
- Consumer Electronics
- Information Technology
- Other Applications
Next-Generation Memory Market by Geography
- North America
- Rest of the World