(PRWEB) March 28, 2014
According to a market research report, “Global Next Generation Memory Market - 2017, by Technology (DRAM, SRAM, Flash Memory, Memristor, Magneto resistive RAM (MRAM), Phase Change RAM (PCRAM), Ferroelectric RAM), Application & Geography”, the total market for the next generation memory is expected to reach $90.74 billion by 2017, at an estimated CAGR of 7.3%.
Browse 138 market tables with 15 figures spread through 254 pages and in-depth TOC on "Global Next Generation Memory Market".
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Emerging memories are expected to replace most of the conventional memory technologies like flash memory. Among the four next generation memory technologies covered in this report, the potential market for memristor is expected to be highest for the next five years due to its advantages like simpler technology and capability of storing information without requiring electrical current on the continuous basis. MRAM memory technology is well commercialized and assures a high capacity. It also improves memory solutions for various high end consumer electronics devices. Amongst all the next generation technologies, MRAM will be biggest market in 2017. MRAM will be followed by FeRAM, PCRAM & Memristors.
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Next generation memories are the emerging non-volatile memory technologies, which are expected to replace most of the existing memories. Next generation memories majorly target the non-volatile memories such as NAND and NOR. High write and read latency, scalability, high endurance etc. characteristics make emerging memories the best replacement for the traditional non-volatile memories. The major drivers for the next generation memory market are faster switching time, high endurance and power efficiency. In addition to these, the huge application base of traditional memories is also one of the major drivers for this market.
APAC region is anticipated to remain the leading market for memory throughout the forecasted period. Growth rate of developed countries like Japan, China, South Korea, and developing countries like India, Thailand, and others will be a great driver for the Asia Pacific region. The ongoing crisis in Europe (in countries like Greece, Spain, Ireland, Portugal and Italy) has adversely affected business prospects within the region. Most companies are now looking for more exciting opportunities across Africa, Middle East, South Asia, and North America.
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