Press release
Persistent Memory (PMEM) Market Rising Trends, Technology Research and Precise Outlook- 2030
Persistent memory is byte addressable, non-volatile and has low latency memory. It is considered beneficial as it dramatically increases the overall system performance and also enables the fundamental change in the computing architecture. Persistent memory is used in visualization, storage, database, big data, cloud/computing/IoT and artificial intelligence. Further, Persistent memory is supported by industry-wide software, hardware and platform ecosystem.
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Top Companies: Hewlett Packard Enterprise, Avalanche Technology Inc, Texas Instruments Inc., Everspin Technologies Inc., Cypress Semiconductor Corporation, Crossbar Inc., Western Digital Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd, Intel Corporation Micron Technology Inc.
Market Dynamics and Trends
Rising demand for tablets and laptops is a major factor driving the overall market growth. This is mainly because users prefer gadgets with high speed and processing capability. In order to complement the overall processing power, manufacturers install persistent memory in the device. In addition to this, the overall price of DRAM is increasing over the years owing to the imbalances between demand and supply. Rising prices of DRAM has resulted in inclination towards persistent memory. Several device manufacturers are focusing upon manufacturing persistent memory as it has high computing power compared to DRAM at a much lower price. In addition to this PMEM does not have limited memory capacity like DRAM. Persistent memory is considered to perform better and is faster when compared to DRAM. The content in it remains protected when some unplanned crash happens. However, higher manufacturing cost of persistent memory is a major factor that is restraining the overall market growth.
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Market Segmentations and Scope of the Study:
The global persistent memory market has been segmented on the basis of end-use application that includes consumer electronics, automotive, aerospace & defense, healthcare and others. Consumer electronics segment is expected to witness fastest growth during the forecast period as memory is considered as one of the major element while designing products. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprisingNorth America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
In terms of region, North America dominated the global persistent memory market in 2019 and is expected to display similar trend in the coming years. In North America, the U.S. is the major contributor and is also the early adopter of this technology. Moreover majority of the companies of automotive, healthcare and robotics industries that uses persistent memory are present in this region. In addition, the rapid innovation occurring in the automotive and robotics industries is triggering the overall growth of persistent memory market.
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About Next Move Strategy Consulting:
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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