Market Highlights
The worldwide non-volatile memory market is projected to observe a quick development during the estimate time frame inferable from expanding interest for exceptionally adaptable memory gadgets and developing interest for non-volatile memory in associated and wearable gadgets. Besides, expanding interest for non-volatile memory across different industry verticals like BFSI, medical care, assembling, retail and IT and broadcast communications is driving the development of the worldwide market.
The worldwide non-volatile memory market size by topography is divided into North America, Europe, Asia Pacific, and Rest of the World. In the worldwide non-volatile memory market, Asia Pacific is expected to hold the biggest market portion of the non-volatile memory market and witness huge development during the estimate time frame when contrasted with different districts. This is attributable to the developing requirement for low power consuming and exceptionally versatile memory gadgets in the area. Different explanations behind the development in Asia Pacific market remember the good government drive for nations like China, which is considered as the assembling center point for the gadgets. China likewise approaches a lot of financing and subsequently is driving the development of non-volatile memory market. Likewise, presence of innovation monsters like Samsung and Hynix in the non-volatile memory market is another element answerable for fuelling the market development.
The North America market is relied upon to observe a huge development in the worldwide non-volatile memory market during the conjecture time frame. The U.S and Canada are expected to drive the development of the non-volatile memory market in North America district attributable to the presence of huge number of laid out central members like Micron Technology, Inc., Western Digital Corporation, Fujitsu Ltd., Intel Corporation and IBM Corporation around here. Because of the manageable and grounded economies in the district, the market is probably going to show gigantic development in the approaching future. Moreover, North America likewise has a grounded foundation, which permits higher infiltration of gadgets and at last gives better network.
The worldwide non-volatile memory market is projected to arrive at USD 90 billion at a CAGR of more than 11% before the finish of the estimate time frame 2017-2023.
Taste the market information and market data introduced through in excess of 30 market information tables and figures spread more than 100 quantities of pages of the venture report. Profit the inside and out chapter by chapter guide TOC and market abstract on "Non-Volatile Memory Market Research Report-Forecast to 2023".
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Non-Volatile Memory Market Segmentation
The worldwide non-volatile memory market is portioned based on the kind, application and vertical. The sort size portion is characterized arising and conventional. In any case, the customary portion includes FLASH, non-volatile SRAM, implanted non-volatile memory, EPROM and SPROM. Out of which, implanted non-volatile memory is relied upon to hold the biggest market of the customary non-volatile memory market. This is attributable to the expanding interest for implanted non-volatile memory in the associated gadgets market.
Some of the prominent players in the global non-volatile memory market: Samsung Electronics Co., Ltd. (South Korea), Toshiba Corporation (Japan), Micron Technology, Inc. (U.S.), SK Hynix, Inc. (South Korea), Western Digital Corporation (U.S.), Fujitsu Ltd (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Nantero (U.S.), Crossbar Inc. (U.S.), Synopsys Inc. (U.K), Adesto Technologies (U.S.), Everspin Technologies (U.S.), Viking Technology (U.S.), Kilopass Technology Inc. (U.S.), Avalanche (U.S.), Cypress Semiconductor Corporation (U.S.), NXP Semiconductor (the Netherlands), Rambus (U.S.), Texas Instruments (U.S.), Spin Transfer Technologies (U.S.), 4DS (Australia) and Open-silicon (U.S.).
Market Research Analysis
Asia Pacific is estimated to account for the largest share of the market, whereas North America market is projected to grow at the fastest rate during the forecast period. The Asia Pacific market is witnessing a rapid growth due to technological advancements and increasing demand for high speed and low power consuming memory devices across different industry verticals in this region.
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