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April 21, 2021, 4:29 a.m. EDT

Non-Volatile Memory Market Trends Evaluation by Size, share 2021 - Analytical Overview Forecast to 2027 | Says Kenneth Research

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Apr 21, 2021 (AmericaNewsHour) -- Kenneth Research has published a detailed report on Non-Volatile Memory Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2026.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Product Overview

Non-volatile memory is electrically programmable and erasable memory that is utilized for storing changes in a particular location within the storage device and is capable of retaining the change even in case of a power outage. Non-volatile memory is used for long term persistent storage of data. NVM uses user-configurable technology which does not need periodic refreshment of the memory. The memory devices such as flash disk, magnetic tapes and hard-disk are some of the major examples of NVM. Consumer electronics is one of the major application segments of the NVM. The main property of NVM is that it can store large data with less power usage and high reliability.

Download Sample of This Strategic Report-:  https://www.kennethresearch.com/sample-request-10076262

Market Size and Forecast

The global non-volatile memory market is anticipated to expand at a CAGR around 11% during 2017-2027. The growing demand for consumer wearable electronics and substitution of flash memory storage is expected to provide new growth opportunities for the non-volatile memory market.

The global non-volatile memory market can be segmented on the basis of type, application and end-use industries. On the basis of application type it is further sub-segmented into automotive application, enterprise storage, consumer electronics, healthcare monitoring, industrial and power & energy distribution. Consumer electronics sub-segmented is anticipated to grow at the fastest rate on the account of rapid development in electronics segment. The technological development such as 3D XPoint, MRAM, SONOS, NRAM, CBRAM, NVDIMM, FeRAM and etc, is anticipated to boost the market growth for non-volatile memory.

By region, global non-volatile memory market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Asia Pacific is anticipated to be the dominating region of the global non-volatile memory market. This is attributed to the increasing population coupled with the rising disposable income of the population. Moreover, high penetration of smartphone that utilizes non -volatile memory is expected to upsurge the overall non-volatile memory market during the predicted period. In Asia Pacific region countries such as China, India, Japan, and South Korea are expected to contribute significant market share in the forthcoming years.

Leading Companies of Global Market:

Intel Corporation, Samsung Electronics Co. Ltd., Crossbar Inc., Sandisk Corporation, Toshiba Corporation, SK Hynix, Inc., Fujitsu Ltd., Micron Technology Corporation, Adesto Technologies, Viking Technology, Other Key Players.

Market Segmentation:

By Product Type, By Applications, By End-Use Industries, By Regions, Leading Companies of Global Market.

Growth Drivers and Challenges

The increasing demand for storage devices is the major driver for the non -volatile memory market. The constant decrease in the profits of traditional memory storage devices is expected to further augment the demand for the non-volatile memory. Emergence of the technological developments related to memories is anticipated to boost the demand for the global non-volatile market.

Download Sample of This Strategic Report-:  https://www.kennethresearch.com/sample-request-10076262

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.

Contact Us

Kenneth Research

Email: Sales@kennethresearch.com

Phone: +1 313 462 0609

The post Non-Volatile Memory Market Trends Evaluation by Size, share 2021 - Analytical Overview Forecast to 2027 | Says Kenneth Research appeared first on America News Hour .

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