What is Next Generation Memory Market?
The next-generation memory is an up-gradation of the hardware and software products. Next-generation memory is used in all forms for numerous applications. Non-volatile memory like flash is very important to all types of systems due to its ability to retain memory while turned off when not in use, thus saving energy. Demand for universal memory devices and increasing demand for enterprise storage applications are the factors driving global next-generation memory.
The market study is being classified, by Application (Consumer Electronics, Enterprise storage, Automotive and transportation, Military and aerospace, Telecommunications and Others) and major geographies with country level break-up.
Samsung Electronics (South Korea), Toshiba (Japan), Micron Technology (United States), Intel (United States), Western Digital (United States), SK Hynix (South Korea), Fujitsu (Japan), Everspin Technologies (United States), Microchip Technology (United States) and Adesto Technologies (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Advanced Micro Devices (United States), Avalanche Technology (United States) and Cypress Semiconductor (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations
Segment Analysis
Analyst at AMA have segmented the market study of Global Next Generation Memory market by Type, Application and Region.
On the basis of geography, the market of Next Generation Memory has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand for Universal Memory Devices
- Increasing Demand for Enterprise Storage Applications
Market Trend
- Growing Need for High Bandwidth, Low Power Consumption, and Highly Scalable Memory Device
Restraints
- Lack of Stability Under Extreme Environmental Conditions
Opportunities
- Growing Demand for Emerging Nonvolatile Memory in Connected Devices
- Potential for Replacing Flash Memory
- Growing Use of Nonvolatile Memory in Smartphones
Challenges
- Higher Design Costs Due to Lack of Standardization
Key Target Audience
Next-Generation Memory Technology Providers, Emerging Companies, Research Professionals and End-users