Non-Volatile Memory (NVM) Market to Reach $82 Billion, Globally, by 2022
A new report published by Allied Market Research titled, "Non-Volatile Memory (NVM) Market - Global Opportunity Analysis Industry Forecast, 2014 -2022", projects that the world NVM market would reach $82 billion by 2022 at a CAGR of 10% from 2016 to 2022. Asia-Pacific leads the world market and accounts for more than 40% share of the overall NVM market revenue followed by North America. The Asia-Pacific market growth is mainly driven by factors such as increasing number of datacenters and increasing use of NVM in consumer electronics manufacturing activity. Electrically addressed is the foremost memory type and widely used in consumer electronics. Presently, rise in demand for greater efficiency, faster memory access and low-power consumption are some of the major factors that are driving the market growth. Moreover, aggrandized use of NVM in flexible electronics is expected to provide huge opportunities to the market growth. Among various electrically addressed memory types, NVRAM is leading the segment and would continue this trend throughout the forecast period. However, emerging memory such as 3D XPoint, MRAM, and SONOS are expected to grow in the future owing to the faster data transfer and light weight design.
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