Next Generation Memory Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

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Next Generation Memory Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

Status : January, 2023 | Semiconductor & Electronics

Report Digest

Global Next Generation Memory Market: Overview

A massive growth will be noted in the global next generation memory market over the forecast period of 2018 to 2028, owing to high demand for universal memory devices and enterprise storage applications. The stellar CAGR (Compound Annual Growth Rate) will generate opportunities of growth and very high market worth for market players to tap into.

As demand for faster, efficient and cost effective memory solutions increases, so does development and innovation activities increase in the market. Other factors leading to growth in the market include high endurance, power efficiency and a steady switching time.

Besides, use of next generation memory in a number of electronics and gadgets – consumer electronics, automotive, computers, industrial applications and so on - is further leading to growth in the market.

Global Next Generation Memory Market: Notable Development

The landscape of Global Next Generation Memory Market is at the precipice of notable developments that are contributing to shaping its future and overall appearance. A glimpse is provided below.

In 2019, Intel, in its bid to accelerate data centric technology, using innovation in memory and storage, introduced Optane. It makes use of 3D XPoint technology and is basically a flash drive with a memory (non - volatile) so fast it can even function as RAM.

The global next generation memory market is highly fragmented. And, prominent players in the global next generation memory market are Samsung electronics, Crossbar Inc., Fujitsu Ltd, Micron technology, Inc., SK Hynix, Inc., Future electronics among others. It is not hard to guess that the competition is intense too.

Current focus for most companies to chart growth in the global next generation memory market is through improving product and market them better Thus, it does not come as a surprise that research and development is a critical focal point. In order to tap into growth opportunities, it is critical to focus on use of better technology. Besides, in order to stay ahead of the curve, players also resort to mergers and acquisitions. Strategic partnerships and collaborations also lead to exploration of synergies for growth in the future.

Global Next Generation Memory Market:  Key trends and driver

The global next generation memory market is being driven on to a high growth trajectory, owing to a number of factors. Some of the most potent ones are outlined below:

Enterprise storage is seeing rising demand. Besides, need for high bandwidth, highly scalable memory devices and low power consumption are also driving the market forward. Scalable memory devices are used to work with big data, artificial intelligence (AI) and Internet of Things (IoT). This demand if particularly high for non-volatile memory in connected devices, especially smartphones and these are witnessing increase in demand due to ring disposable incomes.

Need for a single memory device that is as efficient as Flash Memory, DRAM, and SRAM together is also driving the global next generation memory market.

Global Next Generation Memory Market:  Regional Analysis

North America will account for a large chunk of market share owing to its being an early adopter of futuristic technology as well as infrastructure to maintain the technology. It is worth mentioning here that the fact that IT drives US economy speaks volumes in this regard.

Also, a massive demand will be generated in the Asia Pacific (APAC) region owing to high consumption in South Korea, Japan, and China. The growth is attributable to increase in use of smartphones. And, it is an outcome of rise in disposable income, which in turn is an outcome of good economic growth.

The report is segmented into the following:

Next-Generation Memory Market, By Technology

  • Volatile Memory (HMC and HBM)
  • Nonvolatile Memory (MRAM, FRAM, ReRAM, 3D XPoint, NRAM, and Others)

Next-Generation Memory Market, By Wafer Size

  • 200 mm
  • 300 mm
  • 450 mm

Next-Generation Memory Market, By Application

  • Consumer Electronics
  • Enterprise Storage
  • Automotive and Transportation
  • Military and Aerospace
  • Industrial
  • Telecommunications
  • Energy and Power Distribution
  • Healthcare
  • Agricultural
  • Retail

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?