Growing demand across several application areas such as military and healthcare is expected to drive the non-volatile memory market.
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Non-Volatile Memory Market Forecast Report To 2020: Grand View Research, Inc.
1. Non-Volatile Memory Market Analysis, Market Size,
Application Analysis, Regional Outlook, Competitive
Strategies And Forecasts, 2014 To 2020
Growing demand across several application areas such as military and healthcare is
expected to drive the non-volatile memory market. The need to manage large
volume of data and information in companies from sources such as e-mail,
database, intranet and data management systems etc. is estimated to positively
impact market growth. Owing to technological advancements the market is
witnessing rising need for low power consuming and light storage devices such as
solid state drive (SSD).
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visit - http://www.grandviewresearch.com/industry-analysis/non-volatile-
memory-market
2. FRAM and STT-RAM and FRAM are estimated to emerge as the key technologies
over the next six years. Non-volatile memory is used in a wide range of
applications such as industrial, energy & power, transportation, consumer
electronics, military and healthcare etc. Asia Pacific is expected to grow at a
considerable rate over the forecast period owing to presence of key market players
in countries such as India, China, Japan and South Korea. Additionally, surging
computer and smartphone demand in countries including India and China may
positively impact regional non-volatile memory market over the next six years.
3. Key players in the non-volatile memory market include Cypress Semiconductor
Corporation, Crossbar Inc., Fujitsu Limited, Toshiba Corporation, Micron
Technology Inc., SK Hynix Inc, Everspin Technologies Inc., Infineon
Technologies Ag, Samsung Electronics, Viking Technology and Texas Instruments
Incorporated. Market players focus on mergers and acquisitions to strengthen their
market position. For instance in 2013, SanDisk Corporation completed the
acquisition of SMART Storage, a developer of enterprise SSDs to strengthen its
enterprise storage portfolio. Patents and licenses play a major role in vendor’s
success. Some license agreements require one-time or periodic payments while
others result in additional revenue for the market player.
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