New report on Next Generation Memory Technologies market has show substantial growth in recent times owing to the growing demand for faster, efficient and cost effective memory solutions. The necessity for memory solutions that can serve applications in various areas effectively is rising. The aim of this report is to provide an insight on the global next generation memory technologies markets current and projected trends and to carry out an in depth analysis of market potentials available. The report analyzes opportunities in the developed and emerging economies so that companies can make strategic decisions and gain competitive edge. The global next generation memory technologies market is expected to grow at a promising CAGR from 2013 to 2020. This growth forecast has resulted in many development and innovation activities in memory solutions market.
The drivers for next generation memory technologies market are its qualities such as power efficiency, high endurance and faster switching time. Whereas, certain factors which can act as restrains are its design cost and presence of intense competition in the market. The next generation memory applications in various areas such as computers, industrial applications, storage electronics, aerospace and defense, consumer electronics, automotives and others are the varied fields of opportunities for this market.
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Next Generation Memory Technologies Market by Product Type The next generation memory technologies market by product type is segmented into volatile and non-volatile memories. Non-volatile memories are been further sub segmented into Resistive random access memory (Re RAM), Phase change memory (PCM), Magneto-resistive random access memory (MRAM), Ferroelectric RAM (FeRAM) and others. Crossbar Inc. has developed a simple and easy to manufacture RRAM that can scale up to 1 terabyte (TB) and is small in size as a postal stamp. Volatile memories can be further categorized into Dynamic random access (DRAM), Static random access memory (SRAM) and others. Volatile memory is favored more offer over volatile memory due to the advantages they offer such as they are rewritable, store data even after power is turned off and others. Next Generation Memory Technologies Market by GeographyGeography wise, the next generation memory technologies market is segmented into Europe, Asia-Pacific, North America and LAMEA (Latin America, Middle East and Africa). Growth in Asia-Pacific region is due to the huge demand from Japan, China and South Korea. The rise of smart phone users in these regions is the reason for this huge demand.
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