Non-Volatile Memory (NVM) Market Share, Size 2021 Forecast to 2030 with Key Companies Profile, Supply, Demand and Cost Structure

In a recent published report, Kenneth Research has updated the market report for Non-Volatile Memory (NVM) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Non-Volatile Memory (NVM) Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Non-volatile memory (NVM) Market is estimated to reach $115 billion by 2025; growing at a CAGR of 10.2% from 2017 to 2025. Non-volatile memory (NVM) or non-volatile storage is a form of computer memory that can recover the stored data even after the power is turned off. Non-volatile memory does not require its memory data to be regularly refreshed, unlike the opposite of non-volatile i.e. volatile memory. NVM are constantly used for long-term or secondary storage. Examples of NVM include flash memory, read-only memory, ferroelectric RAM, optical discs, and most of the magnetic computer storage devices such as hard disk drives, floppy disks, and magnetic tapes. Presently, non-volatile memory find its wide application in data centers and consumer electronics, which enhance the data transfer speed and prevent data loss.

Some of the factors driving the growth of the global non-volatile memory include growing usage of next generation NVM in mobile phones to enhance customer experience, increasing demand for high speed, highly scalable and low power consumption memory devices, and rising demand for non-volatile memory in connected and wearable devices. Conversely, high design cost, and low environment stability are the major hindrance limiting the market growth. Furthermore, emergence of advanced storage technologies such as MRAM, NRAM 3D XPoint, and SONOS is expected to generate numerous growth opportunities for the market in the coming future.

The global non-volatile memory market is segmented into type, application, industry vertical, and geography. The NVM market by type sub-segmented as mechanically addressed (magnetic tape, hard-disk drive, optical-disk drive, millipede memory, and holographic data storage), electrically addressed (ROM, NVRAM, and emerging memory), and other types (FRAM, Zero RAM, nanobridge, and molecular). The NVM market by application is bifurcated into consumer electronics, automotive & transportation, healthcare monitoring, industrial, enterprise storage, and others applications (power & energy distribution and defense & aerospace application). Moreover, the industry vertical the segment is categorized into automotive, telecom & IT, energy & power, healthcare, manufacturing industries, and other industry verticals (BFSI, media & entertainment, and aerospace).

On the basis of geographical analysis the global NVM market is segmented in North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, Russia, France, and Rest of Europe. Asia-Pacific is segmented into China, Singapore, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

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Key players profile report include Toshiba Corporation, Intel Corporation, Samsung Electronics Co. Ltd., International Business Machine Corporation, Adesto Technologies, Fujitsu Ltd, Western Digital Corp, Micron Technology, Inc., SK Hynix, Inc., and Crossbar Inc., among others.

The key takeaways from the report
The report will provide detailed analysis of Global Non-volatile memory (NVM) Market with respect to major segments such as type, application, industry vertical, and geography

The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Non-volatile memory (NVM) Market has been included in the report

Profile of the key players in the Global Non-volatile memory (NVM) Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Non-volatile memory (NVM) Market
Type Segments

Mechanically Addressed
Magnetic Tape
Hard-Disk Drive
Optical-Disk Drive
Millipede Memory
Holographic Data Storage
Electrically Addressed
Emerging Memory
Other Types
Zero RAM
Application Segments

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Consumer Electronics
Automotive & Transportation
Healthcare Monitoring
Enterprise Storage
Others Applications (Power & Energy Distribution And Defense & Aerospace Application)
Industry Vertical Segments

Telecom & IT
Energy & Power
Manufacturing Industries
Other industry verticals
Geographical Segments

North America
Rest of Europe
South Korea
Rest of Asia-Pacific
South America
Middle East

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