Global Non-Volatile Memory (NVM) Market is Estimated to Reach $115 Billion by 2025, Says Accurize Market Research
Global Non-Volatile Memory (NVM) Market report published byAccurize Market Research forecast that the global market is expected to reach $115 billion by 2025; growing at a CAGR of 10.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising tourism industry, advancement in standard of living and hectic lifestyle to drive the growth of the market
Increasing usage of next generation NVM in mobile phones to improve customer experience, growing demand for high speed, very scalable and low power consumption memory devicesfuelthe demand for the global non-volatile memory (NVM) market.Furthermore,rising demand for non-volatile memory in connected and wearable devicesalso boosts the growth of the market.
The global non-volatile memory (NVM)market has been bifurcated on the basis oftype, application, industry vertical, and geography. The NVM market by type sub-segmented as mechanically addressed (magnetic tape, hard-disk drive, optical-disk drive, millipede memory, and holographic data storage), electrically addressed (ROM, NVRAM, and emerging memory), and other types (FRAM, Zero RAM, Nano bridge, and molecular). The NVM market by application is bifurcated into consumer electronics, automotive & transportation, healthcare monitoring, industrial, enterprise storage, and others applications (power & energy distribution and defense & aerospace application). Moreover, the industry vertical the segment is categorized into automotive, telecom & IT, energy & power, healthcare, manufacturing industries, and other industry verticals (BFSI, media & entertainment, and aerospace).
By geography the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, Russia, France, and Rest of Europe. Asia-Pacific is segmented into China, Singapore, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
“Electrically addressed accounted for the major market share in the type segment”, says Accurize
In the type segment, electrically addressed accounted for the major market share with 42% in 2017 and is expected to continue its dominance during the forecast period. The high growth is accredited as they are faster than mechanically addressed systems and have optimized power consumption.
Enterprise storage held for the major market share in the application segment in 2017, while consumer electronics is probable to grow with the fastest CAGR during the forecast period 2017 – 2025.
“Asia-Pacific dominated the global market with the highest market share over the forecast period", says Accurize
Asia-Pacific dominated the market with 42.8%market share in 2017and is likely to reach the fastest CAGR during the forecast period owing to presence of key industry participants in countries such as China, South Korea, Japan and India etc. Similarly in terms of growth, Asia-pacific is expected to grow with fastest CAGR during the forecast period driven by growing computer and mobile phone industry region.
Top players in the market
The key market players include Toshiba Corporation, Intel Corporation, Samsung Electronics Co. Ltd., International Business Machine Corporation, Adesto Technologies, Fujitsu Ltd, Western Digital Corp, Micron Technology, Inc., SK Hynix, Inc., and Crossbar Inc., among others.
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