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Rising demand for business storage applications, the necessity for low power consumption, and high bandwidth and highly accessible memory devices are some important factors driving the Next-Generation Memory Market.
JERSEY CITY, N.J. , Aug. 23, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Next-Generation Memory Market" By Technology (Volatile and Non-volatile), By Type (Mass Storage and Embedded Storage), By Application (Consumer Electronics, Enterprise Storage), and By Geography. According to Verified Market Research, the Next-Generation Memory Market size was valued at USD 4.37 Billion in 2021 and is projected to reach USD 25.38 Billion by 2030, growing at a CAGR of 26.19% from 2022 to 2030.
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Global Next-Generation Memory Market Overview
The demand for next-generation memory devices is driving the market. Most new memory technologies seek to become universal memories to replace one of the previous members of the same memory storage with improved technology. High-end laptops use solid-state drives (SSDs) instead of massive mechanical hard discs (HDDs), and the cloud is used for backup rather than tape drives.
Data centers are now required to analyze and store more information than ever, owing to emerging technologies such as artificial intelligence (AI), big data, and the internet of things (IoT). These data centers require a large amount of next-generation memory devices to perform at better speed with high efficiency to yield better results. To fulfill the demand of this data-driven digital world, the need for these kinds of memory devices has grown immensely. But the next-generation memory market is also vulnerable to a lack of stability quantum under extreme climatic circumstances. These characteristics significantly impact the memory devices' dependability and durability.
The major players in the market are Intel, Toshiba, Fujitsu, Honeywell International, Micron Technology, SK Hynix, Western Digital, Samsung, Everspin, Microchip Technology, and Adesto Technologies.
Verified Market Research has segmented the Global Next-Generation Memory Market On the basis of Technology, Type, Application, and Geography.
Portable Data Storage Market By Type (USB Storage, Flash Storage), By Memory (Less Than 256 GB, 256 GB to 1 TB), By Formatting (NTFS and FAT32), By Geography, Forecast, 2021-2028
DRAM Market By Application (Mobile Devices, Personal Computers, Consumer Electronics, and Networking Devices), By Technology (DDR2 DRAM, DDR3 DRAM, DDR4 DRAM, and DDR5 DRAM), By Memory ( 2 GB, 4 GB, 8 GB), By Geography, Forecast, 2021-2028
Ferroelectric RAM Market By Type (Serial Memory, Parallel Memory), By Component (Mass Storage, Embedded Storage), By End-User (Security Systems, Energy Meters, Smart Cards), By Geography, Forecast, 2021-2028
Memory Integrated Circuits Market By Product (Blood Glucose Testing, Infectious Diseases Testing, Cardiac Markers Testing, Coagulation Testing, Pregnancy and Fertility Testing, Blood Gas/Electrolytes Testing, Tumor Markers Testing), By Application (Clinics, Hospitals, Laboratory), By Geography, Forecast, 2021-2028
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