Albany, NY, Oct. 27, 2014 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Non-Volatile Dual In-Line Memory Module Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020," the NVDIMM market was valued at USD 1.35 million in 2013 which is expected to reach USD 570.12 million by 2020, growing at a CAGR of 139.8% from 2014 to 2020.
Browse the full Global Non-Volatile Dual In-Line Memory Module (NVDIMM) Market report at http://www.transparencymarketresearch.com/nvdimm-market.html
The growing need to ensure data retention, high I/O performance, endurance, and low latency in mission critical and data sensitive applications has necessitated the use of NVDIMM technology in memory and storage devices. Technology acceptance by leading Original Equipment Manufacturers (OEMs) across the globe is expected to fuel market momentum. In addition, efforts made by leading vendors to promote the technology and communicate its benefits to OEMs are expected to have positive impact on the growth of the market. However, the technology currently being pre-mature is quite expensive. High cost along with less storage capacity (as compare to established technologies like NAND) is somewhat inhibiting the growth of this market.
Enterprise servers and storage devices accounted for over 75% of the overall market revenue in 2013. Enterprise servers and storage devices are expected to continue dominance over the forecast period from 2014 to 2020. Benefits offered by NVDIMMs in terms of data security, performance, endurance, and speed have made NVDIMM technology attractive for use in enterprise class server and storage devices. In terms of end-use applications, NVDIMMs had market penetration only in data centers and enterprise storage, industrial and automotives, and defense and aerospace. Data centers and enterprise storage was the largest end-use application segment in 2013, accounting for 87.9% of the total market. The data centers and enterprise storage applications where high I/O performance and data retention are essential considerations are readily offered by NVDIMMs, thereby fueling their adoption.
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In 2013, North America was the largest NVDIMM market, accounting for over 3/4th of the global market. The U.S. was the major contributor to the North America NVDIMM market in 2013. Over the forecast period, as the technology matures and penetrates into other parts of the world, North America is still expected to be the largest NVDIMM market. High demand from enterprise storage applications coupled with heavy research in the field of non-volatile memory technologies is driving the NVDIMM market in the region. Some of the key players for the NVDIMM market include Micron Technology, Inc. (U.S.), AgigA Tech, Inc. (U.S.), Netlist, Inc. (U.S.), Viking Technology, Inc. (U.S.), and SMART Modular Technologies, Inc. (U.S.) among others. This report analyzes the NVDIMM market in terms of revenue (USD million).
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The market has been segmented as follows:
NVDIMM market, by Product Type:
- Enterprise servers and storage
- High-end workstations
- Networking equipments (routers and switches)
- Others (smart card readers, etc)
NVDIMM market, by End-use Application:
- Data centers and enterprise storage
- Industrial and automotives
- Medical electronics
- Consumer electronics
- Defense and aerospace
- Others (casino gaming, digital signage, and kiosks)
Browse Press Release of NVDIMM Market : http://www.transparencymarketresearch.com/pressrelease/nvdimm-market.htm
NVDIMM market, by Geography:
- North America
- Asia Pacific
- RoW (Latin America, Middle East, and Africa)
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Source:Transparency Market Research