Non Volatile Memory Market - Forecast from 2019 to 2024
The non-volatile memory market is projected to grow at a CAGR of 0.81% to reach US$64.887 billion by 2024, from US$61.830 billion in 2018. The growing number of connected devices is leading to increasing demand for storage solutions which is significantly boosting the growth of the market. Furthermore, the growing number of investment in data centers is further providing an opportunity for the non-volatile memory product providers to generate higher revenues. Simultaneously, increasing storage densities in smartphones and laptops is further supplementing the growth of the market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the non-volatile memory value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the non-volatile memory market.
Major industry players profiled as part of the report are Samsung Electronics Co., Ltd, SK Hynix, Inc, Toshiba Memory Corporation, and Western Digital Corporation among others.
The non-volatile memory market has been analyzed through following segments:
Military and Aerospace
Europe Middle East and Africa
Key insights offered
What will be the non-volatile memory market size from 2018 to 2024?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.
Samsung Electronics Co. Ltd
SK Hynix, Inc.
Toshiba Memory Corporation
Micron Technology, Inc.
Western Digital Corporation
Microchip Technology Inc.
Adesto Technologies Corporation