According to the new research report "Non-Volatile Memory Market by Type (Flash (NAND, NOR), EEPROM, NVSRAM, Embedded, EPROM, 3D NAND, MRAM/STTMRAM, FRAM, RERAM/CBRAM, 3D XPOINT, NRAM), End-User Industry, and Geography - Global Forecast to 2022", the non-volatile memory market is expected to be worth USD 82.03 Billion by 2022, at a CAGR of 9.50% between 2017 and 2022.
The growth of this market is mainly driven by the need for high-speed, low-power-consuming, and highly scalable memory devices as well as the growing demand for non-volatile memory in connected and wearable devices.
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=1371262 Traditional non-volatile memory market held the largest size in 2016 The embedded non-volatile memory has gained significant attention in the connected devices and IoT market because of its higher efficiency under ultra-low power.
Therefore, traditional non-volatile memory held the largest market size in the non-volatile memory market owing to the inexpensive memory solutions as well as the increasing density and performance.
To access the data generated at point of sales effectively many retail players started adopting emerging memory technology to implant data driven decisions non-volatile memory is an integral part of various analytic tools used in the retail industry for computing and analysis applications.
APAC held the largest share of the non-volatile memory market in 2016 The huge consumer electronics customer base in APAC and the presence of major global foundries in this region lead to the faster development of non-volatile memory technologies and enables the easy accessibility of products to the market.