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Global Non-Volatile Memory Market – Analysis and Forecast (2021-2027)

Non-volatile memory is a type of computer memory that can retain and retrieve information even when the machine is turned off. It is mainly used for long-term or secondary data storage devices like memory chips for digital cameras and USB memory sticks. NVM eliminates the requirement for storage technologies that are somewhat sluggish like hard drives.

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Global Non-Volatile Memory Market – Analysis and Forecast (2021-2027)

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  1. Global Non-Volatile Memory Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Non-Volatile Memory Market The global non-volatile memory (NVM) market is anticipated to grow from USD 53.7 billion by 2020 to USD 85.7 billion by 2027, registering a 9.2% CAGR during the forecast period 2021-2027. Non-volatile memory is a type of computer memory that can retain and retrieve information even when the machine is turned off. It is mainly used for long-term or secondary data storage devices like memory chips for digital cameras and USB memory sticks. NVM eliminates the requirement for storage technologies that are somewhat sluggish like hard drives. In addition, it uses user-configurable technology that does not require memory updates on a regular basis. The widespread adoption of non-volatile memory in the consumer electronics sector and automotive sector will bolster the growth of the market. Thus, the increased demand to have fast access, less power consumption, high speed, and high scalability will fuel the growth of non-volatile memory globally.

  4. Global Non-Volatile Memory Market The NVM is a sophisticated technology that interacts with AI, data analytics, and IoT, resulting in an increased requirement for efficient data storage possibilities with non-volatile memory. The rising demand for wearable and connected devices, increasing demand for optical discs, flash drives, and computers in the consumer electronics sector increase application in the automotive industry, increased disposable income among people will contribute to the growth of the non-volatile memory market. Thus, the mounting need to have fast, easy access to data, increase in portable system markets and consumption of less power will drive the growth of the market. North America contributes to the largest market share in the non-volatile memory market and is one of the largest producers of memory chips globally. The RND support and rising disposable income to develop and adopt advanced technologies across industry verticals will fuel the growth in the region.

  5. Global Non-Volatile Memory Market In November 2021, Fujitsu Semiconductor Memory Solution Limited has introduced novel 8Mbit FRAM MB85R8M2TA with a parallel interface, which is the first product in Fujitsu’s FRAM product line that guarantees 100 trillion read/write cycle times. In March 2021, Micron Technology, Inc. has updated the company’s portfolio strategy and is focusing on memory and storage innovations for the data center. Micron will stop the development of 3D XPoint™ and move its resources to focus on accelerating the market introduction of CXL-enabled memory products. Some of the key players operating in the non-volatile memory market: SAMSUNG, Intel Corporation, TOSHIBA CORPORATION, Western Digital Corporation, FUJITSU, Adesto Technologies Corporation, Micron Technology, Inc., Viking Technology, Yangtze Memory Technologies Co., Ltd., and CrossBar, Inc.

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