Flash Memory Market Overview:
Progressive technologies have made attributes such as less power consumption, high data transfer rate, lessened heat generation, longevity, and portability, the most required elements depending on which, key associated markets can plan their growth. The subsequent product is flash memories that are permeating considerable influence in surging the application of mobile phones and computers is creating a maintainable demand for itself. Appropriately supported by semiconductor technique, this equipment is now replacing conventional hard disks at a substantial pace. The worldwide flash memories market is estimated a develop throughout the period of assessment (2016-2027) with a stellar CAGR driven by an ever-widening range of digital devices as presented in the report published by Market Research Future (MRFR).
Spurring integration of tablets and smartphones on one hand, and on the other, reliance on the online cloud services can be seen as a solid foundation for the Flash Memory Market. Moreover, video archiving, pictures, video streaming, and games are strengthening its long-term strategies. Solid state drives (SSDs) and different flash memory products are also gaining wide popularity in this sector and can offer steady high-level performance in terms of outputs/ inputs as compared to hard disk drives. Dropping prices are also a major factor that is fueling the market ahead. Additionally, the innovations and upgradations across the industry are vital aspects impacting the expansion of the global flash memory market.
For instance, Toshiba Memory America in association with Marvell Technology Group Ltd. has launched NVMe-oF, a flash memory equipment, that is flexible, cost-effective, and sufficiently agile to aid the typical needs for cloud and on premise data centers. NGD Systems Newport policy and computational storage solutions extend next-generation intelligent SSD solution in dispensing a significant amount of data.
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Flash Memory Market Major Key Players:
The competitive market is undergoing mergers and acquisitions incorporating strategies employed by notable market players in their pursuit of market control. For example, SK Hynix Inc. had acquired the memory-chip unit of Toshiba to develop their market penetration and expand their market portfolio. Marvell had taken a foot forward by entering into a prosperous deal to acquire Cavium, during the last quarter of 2017.
This development can be seen as prototypical under the circumstances. The primary players in the market of flash memory include Intel (U.S.), Toshiba (Japan), SanDisk (U.S.), IM Flash (U.S.), Micron Technology, Inc., (U.S.), STMicroelectronics (Switzerland), SK Hynix (South Korea), Samsung (South Korea), Qimonda (Germany), Cypress Semiconductor Corporation (U.S.), and others.
Flash Memory Market Segmentation:
- Market Research Future’s report studies the flash memory industry on the basis of segments. According to the report, the flash memory can be divided based on storage technology, application, and type.
- On the basis of type, the market can be segregated into not and (NAND) and logical not or (NOR). According to the storage technology, the market can be divided into optical storage, electronic memories, and magnetic storage.
- According to application, the segmentation of the market comprises tablet, PC, smartphone, handheld media player devices, solid state drives (SSD), and others (DSC- Digital Still Camera).
Flash Memory Market Regional Analysis:
On the basis of geography, the global flash memory spans across market such as North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). A thriving market has ensured the APAC’s dominance over the flash market globally. India and China are the two key nations that are witnessing significant involvement in the growth of the market by creating substantial demand for the constituent.
China is considered as the regional leader while, Japan is succeeding the suit. North America represents the second-best record followed by Europe. These two regions are observing an increasing market for innovative laptops and smartphones that have given primacy to the flash memory market.
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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