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Global Non-volatile Memory Market to reach USD 108.20 billion by 2028.

Global Non-volatile Memory Market Size study, By Type (Traditional Non-volatile Memory, Next-generation Non-volatile Memory), By End-User (Consumer Electronics, Retail, IT and Telecom, Healthcare, Other End-user Industries), and Regional Forecasts 2022-2028

Product Code: EESC-39335828
Publish Date: 10-05-2022
Page: 200

Global Non-volatile Memory Market is valued at approximately USD 59.19 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.0% over the forecast period 2022-2028. Non-volatile memory (NVM) is a type of computer memory that recollects its overall data even after the power is removed. Earlier forms of non-volatile memory included various forms of read-only memory (ROM). NVM utilizes user-configurable technology that does not involve any periodic refreshment of the memory. The NVM includes magnetic tape, flash memory, and a hard disk, which is widely adopted for consumer electronics and data centers to enhance the data transfer speed and evade the chances of data loss. The surging demand for fast access and low power consuming memory devices, rising digitization, as well as increasing demand for non-volatile memory in connected and wearable devices are soaring the market demand across the globe. For instance, according to Statista, there were approximately 722 million connected wearable devices are recorded and the number is estimated to reach 1,105 million devices around the world. Therefore, the rising number of connected wearable devices is augmenting the market growth in the impending years. However, high design costs and optimizing storage densities and capacities impede the growth of the market over the forecast period of 2022-2028. Also, the increasing adoption of high-end computing, servers, and data centers, as well as the rising replacement of traditional memory with emerging non-volatile memory is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Non-volatile Memory Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is leading the global market in terms of market share owing to the region being the largest producer of memory chips and the presence of the leading market players. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing investments in the R&D activities, as well as growth of the countries like South Korea, India, Japan, and China would create lucrative growth prospects for the Non-volatile Memory Market across the Asia-Pacific region.

Major market players included in this report are:
Intel Corporation
Toshiba Corporation
Samsung Electronics Co., Ltd.
Adesto Technologies Corporation
Viking Technology
Crossbar Inc.
Kilopass Technology Inc.
Sidense Corporation
SanDisk Corporation
Micron Technology, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Traditional Non-volatile Memory
Next-generation Non-volatile Memory
By End-User:
Consumer Electronics
Retail
IT and Telecom
Healthcare
Other End-user Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Non-volatile Memory Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Non-volatile Memory Market, by Region, 2020-2028 (USD Billion)
1.2.2. Non-volatile Memory Market, by Type, 2020-2028 (USD Billion)
1.2.3. Non-volatile Memory Market, by End-User, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Non-volatile Memory Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Non-volatile Memory Market Dynamics
3.1. Non-volatile Memory Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Rising demand for fast access and low power consuming memory devices
3.1.1.2. Surging demand for non-volatile memory in connected and wearable devices
3.1.2. Market Challenges
3.1.2.1. High design costs
3.1.2.2. Optimizing storage densities and capacities
3.1.3. Market Opportunities
3.1.3.1. Increasing adoption of high-end computing, servers, and data centers
3.1.3.2. Rising replacement of traditional memory with emerging non-volatile memory
Chapter 4. Global Non-volatile Memory Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Non-volatile Memory Market, by Type
6.1. Market Snapshot
6.2. Global Non-volatile Memory Market by Type, Performance – Potential Analysis
6.3. Global Non-volatile Memory Market Estimates & Forecasts by Type, 2018-2028 (USD Billion)
6.4. Non-volatile Memory Market, Sub Segment Analysis
6.4.1. Traditional Non-volatile Memory
6.4.2. Next-generation Non-volatile Memory
Chapter 7. Global Non-volatile Memory Market, by End-User
7.1. Market Snapshot
7.2. Global Non-volatile Memory Market by End-User, Performance – Potential Analysis
7.3. Global Non-volatile Memory Market Estimates & Forecasts by End-User, 2018-2028 (USD Billion)
7.4. Non-volatile Memory Market, Sub Segment Analysis
7.4.1. Consumer Electronics
7.4.2. Retail
7.4.3. IT and Telecom
7.4.4. Healthcare
7.4.5. Other End-user Industries
Chapter 8. Global Non-volatile Memory Market, Regional Analysis
8.1. Non-volatile Memory Market, Regional Market Snapshot
8.2. North America Non-volatile Memory Market
8.2.1. U.S. Non-volatile Memory Market
8.2.1.1. Type breakdown estimates & forecasts, 2018-2028
8.2.1.2. End-User breakdown estimates & forecasts, 2018-2028
8.2.2. Canada Non-volatile Memory Market
8.3. Europe Non-volatile Memory Market Snapshot
8.3.1. U.K. Non-volatile Memory Market
8.3.2. Germany Non-volatile Memory Market
8.3.3. France Non-volatile Memory Market
8.3.4. Spain Non-volatile Memory Market
8.3.5. Italy Non-volatile Memory Market
8.3.6. Rest of Europe Non-volatile Memory Market
8.4. Asia-Pacific Non-volatile Memory Market Snapshot
8.4.1. China Non-volatile Memory Market
8.4.2. India Non-volatile Memory Market
8.4.3. Japan Non-volatile Memory Market
8.4.4. Australia Non-volatile Memory Market
8.4.5. South Korea Non-volatile Memory Market
8.4.6. Rest of Asia Pacific Non-volatile Memory Market
8.5. Latin America Non-volatile Memory Market Snapshot
8.5.1. Brazil Non-volatile Memory Market
8.5.2. Mexico Non-volatile Memory Market
8.6. Rest of The World Non-volatile Memory Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Intel Corporation
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Toshiba Corporation
9.2.3. Samsung Electronics Co., Ltd.
9.2.4. Adesto Technologies Corporation
9.2.5. Viking Technology
9.2.6. Crossbar Inc.
9.2.7. Kilopass Technology Inc.
9.2.8. Sidense Corporation
9.2.9. SanDisk Corporation
9.2.10. Micron Technology, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Data Analysis:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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