What is Expected Growth Rate and Projected Size of the Non-Volatile Memory Market by 2025 and 2029?
The non-volatile memory market size has witnessed rapid growth in recent years and is expected to grow from $97.76 billion in 2024 to $112.48 billion in 2025 at a compound annual growth rate (CAGR) of 15.1%. The growth during the historic period can be attributed to factors such as the expansion of the semiconductor industry, demand from consumer electronics, increased focus on energy efficiency, evolving data storage needs, market competition, and the increasing need for reliable and durable storage solutions.
The non-volatile memory market is projected to experience faster growth in the coming years, reaching $199.76 billion in 2029 at a CAGR of 15.4%. This anticipated growth stems from factors such as the advent of autonomous vehicles, environmental concerns, advancements in packaging, and the emergence of hybrid memory solutions. Key trends contributing to this growth include artificial intelligence (AI) and machine learning, 5G technology, edge computing, quantum computing, and neuromorphic computing.
Get Your Free Sample of The Global Non-Volatile Memory Market Report:
https://www.tbrc.info/
What are the Key Drivers Fuelling Growth in the Non-Volatile Memory Market?
The escalating volume of data, driven mainly by the proliferation of IoT devices and extensive user-generated content on social media platforms, is a primary driver for the growth of the non-volatile memory market. These platforms continuously generate real-time data, elevating global data growth. Non-volatile memory (NVM) plays a vital role in handling this increasing data volume because it retains data even in the absence of power, making it ideal for storage and long-term data retention. In 2022, a report by The Linux Foundation indicated that the data volume for an average end-user organization reached a significant 2,208 TB, a 215.43% increase from the previous year. This factor is expected to continually drive the non-volatile memory market.
What are Major Segments within the Non-Volatile Memory Market?
• By Type: Flash Memory, EPROM, FRAM, 3D-X Point, NRAM, Other Types
• By Wafer Size: 200mm, 300mm, 450mm
• By End User: Consumer Electronics, Enterprise Storage, Automotive and Transportation, Military and Aerospace, Industrial, Telecommunication, Energy and Power, Healthcare, Agricultural, Retail
Order your report now for swift delivery:
https://www.thebusinessresearchcompany.com/report/non-volatile-memory-express-nvme-global-market-report
Which Leading Companies are Driving the Non-Volatile Memory Market?
Major players in the non-volatile memory market include Samsung Electronics Co. Ltd., Western Digital Corporation, Intel Corporation, Dell EMC, Hewlett Packard Enterprise Company, Kioxia Holdings Corporation, Micron Technology Inc., SK Hynix Inc., Microchip Technology Incorporated, ROHM Co. Ltd., Renesas Electronics Corporation, STMicroelectronics NV, Infineon Technologies AG, Nantero Inc., Crossbar Inc., Everspin Technologies Inc., Winbond Electronics Corporation, Pure Storage Inc., NetApp Inc., Seagate Technology Holdings plc, Toshiba Corporation, Huawei Technologies Co. Ltd., Fujitsu Ltd., Intel Corporation, Honeywell International Inc., Maxim Integrated Products Inc., Micron technologies Inc., Avalanche Technologies Inc., Adesto Technologies Corporation, Viking Technology.
What are the Emerging Trends in the Non-Volatile Memory Market?
Technological advancements signify a key trend gaining traction in the non-volatile memory market. Major companies operating in non-volatile memory are innovating new technologies or products to solidify their market position. For example, in June 2022, STMicroelectronics NV, a Switzerland-based technology company, launched the industry’s first Serial Page EEPROM, aggregating high-density, page-erasable SPI memory with ultra-low power consumption. This new memory architecture merges ST’s patented 40nm NVM technology, offering improved power efficiency, ease of use, and reliability over alternatives such as FRAM and serial Flash.
Which Region will Experience the Fastest Growth in the Non-Volatile Memory Market?
In 2024, North America was the largest region in the non-volatile memory market. However, Asia-Pacific is projected to be the fastest-growing region in the forecast period. The non-volatile memory market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Non-Volatile Memory Market Report Contain and What Does It Offer?
Non-volatile memory (NVM) refers to a type of memory that retains stored data even when not powered. It serves a critical role in offering persistent data storage for applications, especially those requiring retaining information through power outages or system shutdowns, such as in computers, smartphones, and embedded systems. The Non-Volatile Memory Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7071
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
