Industry Background:
Non-volatile random-access memory (NVRAM) is a type of random-access memory that can maintain data even after power is turned off. This is in contrast to dynamic random-access memory (DRAM) and static random-access memory (SRAM), which both save data for as long as power is supplied, or magnetic tape, which can't be randomly accessed but keeps data indefinitely without power. NVRAM (non-volatile random-access memory) is a type of memory that saves data even when the power is turned off. With the growing demand for energy, the time has come to consider alternate technologies. In mobile devices, the requirement for high performance, dependability, and endurance provide a huge growth opportunity for the Nonvolatile Random Access Memory Market. The market for non-volatile random access memory is predicted to rise due to rising smartphone demand in developing nations such as India and China. Furthermore, when compared to other non-volatile memory solutions, it provides exceptional performance, which is one of the key drivers of NVRAM.This growth is primarily driven by Increasing Demand for Fast Access and Low Power Consuming Memory Devices and Increased Focus on Efficiency and Production Cost Leading to Digitization.
Globally, a noticeable market trend is evident Growing Demand for Non-Volatile Memory in Connected and Wearable Devices. Major Players, such as Intel Corporation (United States), Toshiba Corporation (Japan), Samsung Electronics (South Korea), Adesto Technologies Corporation (United States), Viking Technology (Taiwan), Crossbar Inc. (United States), Kilopass Technology (United States), Sidense Corporation (Canada), Sandisk Corporation (United States) and Micron Technology (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
January 2020 – Samsung Releases Portable SSD T7 Touch – the New Standard in Speed and Security for External Storage Devices and April 2020 – Micron Technology, Inc. (Nasdaq: MU), has announced the first open-source, heterogeneous-memory storage engine (HSE), designed specifically for solid-state drives (SSDs) and storage-class memory (SCM).
Market Drivers
- Increasing Demand for Fast Access and Low Power Consuming Memory Devices
- Increased Focus on Efficiency and Production Cost Leading to Digitization
Market Trend
- Growing Demand for Non-Volatile Memory in Connected and Wearable Devices
Opportunities
Growing Adoption of High-end Computing, Servers, and Datacenters and Increasing Replacement of Traditional Memory with Emerging Non-Volatile Memory
Challenges
Optimizing Storage Densities and Capacities
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Nonvolatile Random Access Memory Study Sheds Light on
The Nonvolatile Random Access Memory Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Nonvolatile Random Access Memory industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nonvolatile Random Access Memory industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.