The Market for Retail Industry Is Projected To Witness the Highest Demand for Non-Volatile Memory from 2017 To 2022

The growth of the non-volatile memory market can be attributed to the increasing demand for non-volatile memory in connected and wearable devices and growing requirement for highly scalable memory devices that offer high speed and have low power consumption. The report "Non-volatile Memory Market by Type (Flash (2D NAND, NOR), EEPROM, NVSRAM, Embedded, EPROM, 3D NAND, MRAM/STT-MRAM, FRAM, ReRAM/CBRAM, 3D XPOINT, NRAM), End-user Industry, Region - Global Forecast to 2022", is projected to reach USD 82.0 billion by 2022, at a CAGR of 9.5% from 2017 to 2022.

Browse 80 market data Tables and 72 Figures spread through 198 Pages and in-depth TOC on "Non-volatile Memory Market - Global Forecast to 2022"

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Non-volatile memory is a type of computing memory, which is capable of saving data in the absence of a power source. The traditional/conventional non-volatile memory solutions that are used extensively are 2D NAND flash, NOR flash, EEPROM, NVSRAM, EPROM, and embedded non-volatile memory. The emerging non-volatile memory solutions include 3D NAND, MRAM/STT-MRAM, FRAM, ReRAM/CBRAM, 3D XPoint, Nano RAM (NRAM), and others (nanobridge, quantum-dots (Q-dots), millipede, molecular, transparent/flexible). Growing adoption of high-end computing systems, data centers, and servers and increasing replacement of traditional memory solutions with emerging non-volatile memory solutions are expected to act as growth opportunities for the non-volatile memory market in the coming years.

Based on type, the traditional non-volatile memory segment led the market in 2016

The traditional non-volatile memory includes 2D NAND flash, NOR flash, NVSRAM, EEPROM, EPROM, and embedded non-volatile memory. Embedded non-volatile memory is used in the connected devices that use the Internet of Things (IoT) technology due to the high efficiency offered by it under ultra-low-power conditions. The traditional non-volatile memory solutions are inexpensive and offer high density and performance, thereby leading to their increased demand across the globe.

The retail end-user industry is projected to witness the highest demand for non-volatile memory from 2017 to 2022

The companies operating in the retail industry are adopting emerging memory technologies to store and access the data generated at their points of sales to make data-driven decisions to meet the expectations of customers. Non-volatile memory is an integral part of various analytic tools used in the retail end-user industry to carry out data computing and analysis. This leads to increased adoption of non-volatile memory solutions in the retail industry. Thus, the retail segment of the non-volatile memory market is projected to grow at the highest CAGR during the forecast period.

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Asia Pacific led the non-volatile memory market in 2016

The high population density in the Asia Pacific region makes it a high-potential market for consumer electronics. The increasing use of non-volatile memory in consumer electronics is driving the mass production of non-volatile memory devices in Asia Pacific. Moreover, the presence of major global foundries in Asia Pacific is also leading to continuous developments in non-volatile memory technologies. Increased funding and favorable government policies in China to carry out developments in DRAM, eDRAM, and V-NAND flash memory are also fueling the growth of the non-volatile memory market in Asia Pacific.

Some of the leading players in the non-volatile memory market include Samsung Electronics Co., Ltd. (South Korea), Micron Technology, Inc. (US), Toshiba Corp. (Japan), Western Digital Corp. (US), and SK Hynix, Inc. (South Korea).

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