Next-Generation Memory Market

1. MarketsandMarkets™ Research Private Ltd. Presents Next-Generation Memory Market worth $9.7 billion by 2023 with a growing CAGR of 26.5% https://www.marketsandmarkets.com/Market-Reports/Memristor-Memory-Market-632.html

2. The report "Next-generation Memory Market by Technology (Volatile Memory Technology (HMC and HBM), Non-volatile Memory Technology (MRAM, FRAM, ReRAM, 3D XPoint, and NRAM)), Wafer Size (200 mm, 300 mm, and 450 mm), Application, and Region- Global Forecast to 2023", is projected to grow from USD 2.4 billion in 2017 to USD 9.7 billion by 2023, at a CAGR of 26.5% between 2017 and 2023. The requirement for highly scalable, low power consumption, and high bandwidth memory devices to store data generated from the advent of technologies such as the Internet of Things (IoT), big data, and Artificial Intelligence (AI) is expected to drive the market growth. Additionally, the need for increased bandwidth of universal memory devices, and rise in the use of enterprise storage solutions to backup and archive data is likely to augment market growth. Browse >> 70 Market data tables 49 figures 173 pages and in-depth TOC on “Next-Generation Memory Market” https://www.marketsandmarkets.com/Market-Reports/Memristor-Memory-Market-632.html Early buyers will receive 10% customization on this report. https://www.marketsandmarkets.com/PressReleases/next-generation-memory.asp

3. Next-generation memory devices refer to the emerging memory solutions that have already been introduced in the market or are currently under development and are expected to penetrate the market in the coming years. These devices offer high power efficiency, excellent endurance, increased scalability, and high density. They have fast switching time, low power consumption, and low operating voltages. The increasing demand for emerging non-volatile memory solutions for use in connected devices and the growing requirement to replace traditional flash memory used in smartphones, tablets, etc. with new and advanced memory are also expected to act as growth opportunities for the next-generation memory market in the coming years. Non-volatile memory technology led the next-generation memory market in 2016 Storage devices using non-volatile memory technology can retain data stored in them even without a power source. They are used typically for secondary storage or long-term persistent storage. The devices using this technology are fast, efficient, and cost-effective. The non-volatile memory technology segment led to the next-generation memory market in 2016. The growth of this segment can be attributed to the increasing demand for resistive random access memory (ReRAM), spin-transfer torque magnetoresistive random access memory (STT-MRAM), and 3D XPoint memory that offer better speed and improved performance as compared to volatile memory such as dynamic random access memory (DRAM) and static random access memory (SRAM). https://www.marketsandmarkets.com/Market-Reports/Memristor-Memory-Market-632.html

4. Among applications, the consumer electronics segment of the next-generation memory market is projected to grow at the highest CAGR between 2017 and 2023 Consumer electronics is among the largest application areas of next-generation memory solutions. The performance requirements in consumer electronics are continuously increasing in terms of processing power and memory density while ensuring persistence in product costs. The next-generation memory solutions can meet the requirements of consumer electronics equipped with advanced technologies such as AI, IoT, and big data analytics to store large volumes of data generated. Next-generation memory solutions are used widely in consumer electronic devices such as wearable devices, set-top boxes, digital cameras, tablets, handheld personal communication systems, desktops, and laptops. The consumer electronics segment of the next-generation memory market is projected to grow at the highest CAGR between 2017 and 2023. Among wafer sizes, 450 mm wafers are projected to witness the highest demand during the forecast period 450 mm wafer fabs can accommodate more dies per wafer than 300 mm wafer fabs. These wafers are expected to become the preferred choice for next-generation memory technologies, owing to increasing wafer costs and feature dimensions. Thus, the 450 mm segment of the market is projected to grow at the highest CAGR from 2017 to 2023. https://www.marketsandmarkets.com/PressReleases/next-generation-memory.asp

5. Asia Pacific is projected to lead the next-generation memory market from 2017 to 2023 The Asia Pacific region led the next-generation memory market in 2016. It is expected to lead the market during the forecast period as well. The growth of the market in this region can be attributed to the increasing number of data centers and servers, a growing number of network equipment shipped, and rising manufacturing activities in the consumer electronics sector in Asia Pacific. Samsung (South Korea), Toshiba (Japan), Intel (US), Micron (US), Western Digital (US), SK Hynix (South Korea), Fujitsu (Japan), Everspin (US), Microchip (US), Adesto (US),  Avalanche (US), Cypress (US), IBM (US), NXP Semiconductors (Netherlands), Rambus (US), Open-Silicon (US), Spin Transfer Technologies (US), Viking (US), Texas Instruments (US), and 4DS Memory (Australia) are leading companies in the next-generation memory market. https://www.marketsandmarkets.com/Market-Reports/Memristor-Memory-Market-632.html

6. About MarketsandMarkets™ Research Private Ltd. MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. https://www.marketsandmarkets.com/Market-Reports/Memristor-Memory-Market-632.html

7. Contact Us Mr. Shelly Singh 630 Dundee Road Suite 430 Northbrook, IL 60062 Tel: 1-888-6006-441Email: newsletter@marketsandmarkets.comMarketsandMarkets Bloghttp://twitter.com/marketsmarkets http://www.linkedin.com/company/marketsandmarkets