Global Next-Generation Memory Market, By Technology (Volatile Memory, Non-Volatile Memory), Storage Type (Mass Storage, Embedded Storage, Others), Wafer Size (200 mm, 300 mm, 450 mm), Industry (Enterprise Storage, Consumer Electronics, Military and Aerospace, Industrial, Automotive and Transportation, Telecommunications, Energy and Power, Healthcare, Agriculture, Retail), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
The next-generation memory market is expected to witness market growth at a rate of 29.8% in the forecast period of 2022 to 2029. Data Bridge Market Research report on next-generation memory market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand for the technology globally is escalating the growth of next-generation memory market.
Next-generation memory is considered a major upgrade over software-hardware products. The technology is an ideal substitute for existing mass production memories such as SRAM and Flash. It provides features and is expected to replace the existing mass production memories in the near future.
The increase in the demand for enterprise storage applications across the globe acts as one of the major factors driving the growth of next-generation memory market. The surge in need for high bandwidth, low power consumption, and highly scalable memory device for technologies such as artificial intelligence (Ai), Internet of Things (IoT), and big data, and emerging need for enterprise storage accelerate the market growth. The adoption of next-generation infotainment systems and ADAS, and necessity for memory solutions that can serve applications in various areas effectively further influence the market. Additionally, rise in biotechnology sector, cross-industry partnerships and collaborations, expansion of end use industries and urbanization and digitization, positively affect the next-generation memory market. Furthermore, rise in demand for emerging nonvolatile memory in connected devices and use of nonvolatile memory in smartphones extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, higher design costs due to lack of standardization and issues with storage in niche application and high cost of emerging memory technologies are expected to obstruct the market growth. Lack of stability under extreme environmental conditions is projected to challenge the next-generation memory market in the forecast period of 2022-2029.
This next-generation memory market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info next-generation memory market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Next-Generation Memory Market Scope and Market Size
The next-generation memory market is segmented on the basis of technology, storage type, wafer size and industry. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the next-generation memory market is segmented into volatile memory and non-volatile memory.
- On the basis of storage type, the next-generation memory market is segmented into mass storage, embedded storage and others.
- On the basis of wafer size, the next-generation memory market is segmented into 200 mm, 300 mm, and 450 mm.
- On the basis of industry, the next-generation memory market is segmented into enterprise storage, consumer electronics, military and aerospace, industrial, automotive and transportation, telecommunications, energy and power, healthcare, agriculture and retail.
Next-Generation Memory Market Country Level Analysis
The next-generation memory market is analyzed and market size, volume information is provided by country, technology, storage type, wafer size and industry as referenced above.
The countries covered in the global next-generation memory market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the next-generation memory market due to the extensively changing technologies and high data generation across the industries within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the significant adoption of consumer electronics, especially smartphones, tablets, and laptops in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Next-Generation Memory Market Share Analysis
The next-generation memory market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to next-generation memory market.
Some of the major players operating in the next-generation memory market report are 4DS Memory Limited, Adesto Technologies Corporation., Avalanche Technology, Cypress Semiconductor Corporation., Everspin Technologies Inc., FUJITSU, IBM Corporation, Microchip Technology Inc., Nantero., SAMSUNG, Rambus, SK HYNIX INC., Spin Memory Inc., NXP Semiconductors., Toshiba CORPORATION, Texas Instruments Incorporated., Western Digital Corporation and Viking Technology, among others.