Albany, New York, Oct. 13, 2014 (GLOBE NEWSWIRE) -- Transparency Market Research, in its report titled 'Next Generation Memory Technologies Market (Non-volatile and Volatile) - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 - 2019', states that the global next generation memory technologies market was worth US$207.8 million in 2012 and is projected to be worth US$2,837.0 million by 2019 growing at a 46.1% CAGR from 2013 to 2019.
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The report segments the overall market for next generation memory technologies on the basis of certain parameters: product type, interface type, application, and geography. On the basis of product, the market can be bifurcated into volatile next generation memory technologies and non-volatile next generation memory technologies. On the basis of interface, the market for next generation memory technologies can be categorized into SATA, SAS, DDR, and PCIe and I2C. The main applications of next generation memory technologies include embedded MCU and smart card, mobile phones, mass storage, cache memory and enterprise storage, and industrial and automotive. Geographically, the global next generation memory technologies can be divided into North America, Europe, Asia-Pacific, and Rest of the World.
North America dominated the next generation memory technologies market, accounting for 41.2% of the overall market share in 2012. With growing demand from China, Japan, and South Korea, the next generation memory technologies market in Asia has received a tremendous boost. The mounting popularity of smartphones and demand for newer memory technologies has led to the trend of computationally intensive and portable consumer electronics. As a result, the Asian market for next generation memory technologies has witnessed exceptional growth.
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Owing to reduced power consumption and better performance, FeRAM (Ferroelectric RAM) led the non-volatile next generation memory technologies segment, accounting for 66.9% of the market share in 2012. Among major applications of next generation memory technologies, mobile phones held the largest share (66.7%) in 2012. However, demand for speedier and greater number of read/writes will pave the way for enterprise storage and cache memory applications to lead the overall market by 2019. Outstanding sales of FeRAM chips helped Fujitsu Ltd. dominate the market for next generation memory technologies in 2012.
There are various determinants that impact the growth of the next generation memory technologies market. Fluctuating profit margins of legacy memory technologies and rising demand for lower power-consumption and faster memories drives the next generation memory technologies market. While designing costs and density issues restrain the growth of the market, vendors see great potential in the scope of universal memory solution.
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The report on the global next generation memory technologies market identifies key players operating in the industry. Some of the competitors in the market for next generation memory technologies are SK Hynix Inc., Fujitsu Ltd., Avalanche Technology, Inc., Samsung Electronics Co. Ltd., Adesto Technologies Corporation Inc., Micron Technology, Inc., Everspin Technologies, Inc., and Cypress Semiconductor Corporation.
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Source:Transparency Market Research