Memory solutions based on charge storage are steadily approaching the physical limits of scalability. This has led to the demand for next-generation memory solutions that offer excellent scalability, exhibit low operating voltage, have low power consumption, offer high operational speed, display increased endurance, have long retention time, and possess a simple structure.
Enterprise storage application expected to hold the largest share. The demand for enterprise storage is more owing to the growing date centers across the globe. Enterprise storage is evolving at a fast rate for use as mass storage in data centers. Enterprise storage requires fast data processing with low power consumption. Next-generation memory technologies meet these requirements of enterprises to support their data centers.
Magneto-resistive random-access memory (MRAM) expected to hold the largest market share. This growth can be attributed to its improved performance, higher endurance, lower power consumption, better scalability with extremely high write endurance, and much higher write speeds than other nonvolatile memory technologies. Among the volatile memory storage devices, the hybrid memory cube (HMC) is expected to hold a larger share of the next-generation memory market due to its higher bandwidth, increased scalability, and better power efficiency, compared to HBM.
South America, the Middle East, and Africa regions are expected to be the fastest-growing for next-generation memory market during the forecast period. The growth of the NGM market in this regions is attributed to the increasing demand for PCs in the region, which offers growth prospects for the memory market for consumer electronics devices and provides attractive growth opportunities for the NGM market players.
Key questions the report answers:
· Where will all these developments take the industry in the mid- to long-term?
· What are the growing industries that are likely to adopt next-generation memory at the higher rates?
· What is the technological comparison between different NGM technologies in prevalent in the market?
· What are the trends prevalent in adoption of market?
What are the key strategies adopted by leading companies in the market?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1. Need for High Bandwidth, Low Power Consumption, and Highly Scalable Memory Device for Technologies Such as Artificial Intelligence (AI), Internet of Things (IoT), and Big Data
3.1.2. Demand for Universal Memory Devices
3.1.3. Increasing Demand for Enterprise Storage Applications
3.2.1. Issues With Storage in Niche Application and High Cost of Emerging Memory Technologies
3.2.2. Lack of Stability Under Extreme Environmental Conditions
3.2.3. Optimizing Storage Densities and Capacities
3.2.4. Higher Design Costs Due to Lack of Standardization
3.3.1. Growing Demand for Emerging Nonvolatile Memory in Connected Devices
3.3.2. Potential for Replacing Flash Memory
3.3.3. Growing Use of Nonvolatile Memory in Smartphones
4. Executive Summary
5. Next-Generation Memory Market, By Technology
5.1. Non-volatile memory
5.1.4. 3D Xpoint
5.2. Volatile memory
5.2.1. Hybrid memory cube
5.2.2. High bandwidth memory
6. Next-Generation Memory Market, By Application
6.1. Consumer electronics
6.2. Enterprise storage
6.3. Automotive and transportation
6.4. Military and aerospace
6.7. Energy and power
7. Next-Generation Memory Market, By Wafer Size
8. Next-Generation Memory Market, By Region
8.2.4. Rest of Europe
8.3. Asia Pacific
8.3.4. South Korea
8.3.5. Rest of APAC
8.4. Rest of the World
8.4.1. Middle East
8.4.3. South America
9. Company Profiles
9.1. Leading Companies in Next-Generation Memory Market
9.1.4. SK Hynix
9.1.5. Western Digital
9.2. Other Companies in Next-Generation Memory Market
*Company introduction, financial information, recent developments, SWOT analysis
10. Conclusion and Recommendations