Next-Generation Memory Market Analysis

Technology {Non-Volatile Memory (MRAM, FRAM, ReRAM, 3D XPoint, NRAM), Volatile Memory (Hybrid Memory Cube, High-Bandwidth Memory)}

The non-volatile memory segment is expected to hold 68% share of the global next generation memory market during the forecast period. The increased demand for better, more effective and less costly memory solutions can be attributed to the growth of the segment in the market. The limitation of conventional non-volatile memory devices in terms of scalability, stability and other parameters has also been eliminated by the emergence of modern memory technologies. The global accumulation of data creates a need for more efficient storage solutions with high capacity, which is due to the large volume of data generated. Each day around 328,77 terabytes of data are generated. This year, approximately 120 zettabytes of data will be produced. The speed and performance of non-volatile memory are comparable to flash memory technologies such as DRAM or SRAM, with higher storage densities, e.g. in the case of ReRAM and STT RAM PCM.

Storage Type (Mass, Embedded)

Next generation memory market from the mass segment is anticipated to hold largest share of about 52% during the forecast period. This is because the mass storage is commonly used in the data centers, enterprise storage systems, consumer electronics and other applications that require high-capacity with fast access speeds and reliable data retention. There are approximately 8,000 data center locations worldwide. Artificial intelligence is being used for about 20% of global data center capacity.

Our in-depth analysis of the global market includes the following segments: