ECC Memory Market was valued at USD 8.55 billion in 2018; it is expected to reach USD 13.08 billion by the end of the forecast period at a CAGR of 6.6%
The major factors driving the growth of ECC memory market are the growing number of data centers and servers and increasing adoption of the internet of things technology. IoT adoption is being witnessed across various sectors including automotive, industrial, and infrastructure. With each development comes huge volumes of data that require high-end data processing capabilities with a differentiated storage portfolio. As a result, the demand for error coding, reliable, and cost-effective high-density ECC memory solutions is growing.
The ECC Memory help in rectifying any physical or programming error while writing data on a memory chip. However, high fabrication and maintenance cost of ECC memory chips along with higher prices as compared to non-ECC memory than non-ECC memory is expected to restrain the market growth.
- In December 2017, Samsung Electronics launched the 10-nanometre class, 8-gigabit DRAM chips, with improved energy efficiency and data processing performance toward data-crunching electronics such as cloud computing centers.
- In July 2017, Kingston Technology entered into a distribution agreement with Exertis, one of the leading distributors of technology products. The company distributes DRAM, Flash, and SSD products internationally for Kingston Technology.
The key players in the ECC memory market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Micron Technology Inc (US), Kingston Technology Corporation (US), Other World Computing (OWC) (US), Lenovo Group Limited (China), Samsung Electronics Co Ltd (South Korea), Hewlett Packard Enterprise Company (US), Dell Inc. (US) and more. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 35–40% in the ECC memory market.
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