Non-volatile memory (NVM) is a type of secondary memory that is used in computer systems to facilitate permanent storage and backup facility to the crucial information. NVM is electrically programmable and erasable to store changes in a particular location within the storage device and able to retain that change even after power outage. Additionally, NVM utilizes user-configurable technology, which does not require periodic refreshment of the memory unlike the volatile memory. Flash memory, Hard disk, and magnetic tape are the most common examples of NVM. Presently, NVM find its wide application in data centers and consumer electronics, which enhance the data transfer speed and prevent data loss.
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Increasing demand for faster access and low power consumption memory devices has led to a higher adoption of NVM mainly in consumer electronics, automotive and healthcare industries. Therefore, the world NVM market is expected to grow moderately in the near future owing to high-speed data access and optimized power consumption. However, low write endurance rate and limited storage capacity restrain the market growth. Irrespective of the challenges, increase in demand for NVM mainly in flexible electronics and emergence of advanced storage technologies such as 3D XPoint, MRAM, SONOS, and NRAM would provide enormous opportunity for the market.
The world NVM market is segmented on the basis of type, applications, industry verticals, and geography. Based on types, the market is segmented in electrically addressed, mechanically addressed, and others. Among these types electrically addressed memory segment dominated the global market in terms of revenue contribution and is expected to maintain this trend throughout the forecast period, owing to faster speed and optimized power consumption.
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Based on various applications, consumer electronics, automotive application and healthcare monitoring are the most lucrative applications and expected to exhibit faster growth compared to others. The world NVM market is segmented on the basis of geographical regions, encompassing North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest share of the global market, owing to large number of data centers and increasing automotive & consumer electronics manufacturing.
Comprehensive competitive analysis and profiles of major market players, such as Adesto Technologies Corporation, Viking Technology, Crossbar Inc., Kilopass Technology Inc., Samsung Electronics Co., Ltd., Intel Corporation, Sidense Corporation, Sandisk Corporation, Fujitsu Ltd, and Micron Technology, Inc. are also provided in this report. Presently, the NVM market is largely driven by growth strategies such as product launch, acquisition, and partnership. Companies such as Micron Technology and Intel Corporation have launched new NVM to attract more number of customers and increase their market share.
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