Flash Memory Segment is Expected to Dominate the Global IT & Telecom Non-Volatile Memory Market.

Non-volatile memory is used in data centers for a variety of purposes, including storage, caching, and backup. The growing demand for cloud computing and big data analytics is driving the demand for non-volatile memory in data centers.

According to TechSci Research report, “Global IT & Telecom Non-Volatile Memory Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global  IT & Telecom Non-Volatile Memory is anticipated to project robust growth in the forecast period with a CAGR of  13.03% through 2028, In the flourishing consumer electronics industry, users expect their devices to continually become more powerful, provide new functionality with incredible speed, and store more movies, pictures, and music. While flash enabled substantial innovation during the past few decades, a new generation of memory is required as flash hits technology roadblocks, preventing it from scaling much further. The adoption of flash memories in consumer electronics due to their low price and power consumption is significant for the market's growth. NVM is used in smartphones and wearable devices to enable more storage and faster memory access. The increasing research activities in this space are also driving the market's growth. For instance, in March 2021, Infineon Technologies LLC announced the launch of second-generation non-volatile Static RAMs that are qualified for QML-Q and high-reliability industrial specifications to mainly support non-volatile code storage in harsh environments, including aerospace and industrial applications. Similarly, in early 2021, Samsung announced the improvement of its MRAM's MTJ function and advanced its 14 nm process to support its flash-type embedded MRAM designed to increase the write speed and density. In addition, the company targets the IC emerging NVM's application in wearables, microcontrollers, and IoT devices. The COVID-19 outbreak negatively impacted several end-user industries of non-volatile memories, such as the smartphone industry. Spurred demand for server and PC memory for stay-at-home activities, driven by important megatrends like cloud computing, AI, and the IoT, is expected to support the growth of IT & Telecom Non-Volatile Memory during the forecast period.

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Based on Type, Flash Memory segment is expected to dominate the market during the forecast period. The growing demand and penetration of consumer electronics led to device flash memory applications. This memory type finds applications in laptops, GPS, electronic musical instruments, digital cameras, cell phones, and many others. Additionally, it is extensively adopted by data center solution vendors. With exponential growth in the adoption of cloud solutions, the demand for data centers is also surging. Similarly, in November 2021, Macronix International Co., Ltd. announced itself as the industry's first Serial NOR Flash memory manufacturer to bring 1.2V devices to mass production. According to the company, the ultra-low-power (ULP), high-speed 120MHz MX25S Serial NOR Flash memories are poised to usher in a new generation of products targeted at applications that include Internet of Things (IoT), wireless communications technologies, WiFi, and Narrowband IoT systems, hand-held and Bluetooth devices, and consumer applications.

Based on Region, Asia Pacific is Expected to dominate the market. The construction of new infrastructure, including data centers, has been growing across various countries of the Asia Pacific region, owing to a surge in demand for online entertainment, telecommuting, and video and voice call services. With the fast development of the digital economy, building large big data centers in countries such as China and India is becoming necessary.

China has emerged as the leading country owing to its aggressive approach to the NAND memory business. For instance, Yangtze Memory Technologies Co. Ltd (YMTC), one of China's major memory companies, had shipped 64 layers of NAND domestically in low volumes, including SSDs, with 128-layer production in development and shipments in 2021.

Key market players in the Global IT & Telecom Non-Volatile Memory Market are following:-

• ROHM Co. Ltd
• STMicroelectronics NV
• Maxim Integrated Products Inc.
• Fujitsu Ltd
• Intel Corporation
• Honeywell International Inc.
• Micron technologies Inc.
• Samsung Electronics Co. Ltd
• Crossbar Inc.
• Infineon Technologies AG       

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“The global IT & Telecom Non-Volatile Memory market is primarily driven by the relentless growth of data in the digital age, fueled by factors such as the proliferation of IoT devices, smartphones, and cloud computing. This escalating demand for data storage and access is further bolstered by the ever-expanding consumer electronics market, including smartphones, tablets, and smart TVs, which rely heavily on non-volatile memory. Additionally, data centers and cloud computing providers seek fast and efficient storage solutions to meet the needs of businesses and individuals alike. Emerging IT & Telecom Non-Volatile Memory technologies, like 3D XPoint and ReRAM, are gaining traction due to their improved performance, endurance, and energy efficiency. The integration of IT & Telecom Non-Volatile Memory into AI and machine learning applications, as well as its pivotal role in automotive electronics and IoT devices, further cements its status as an indispensable component in various industries. Cost efficiencies achieved through advancements in memory technologies are also contributing to the market's rapid expansion, making IT & Telecom Non-Volatile Memory increasingly accessible for a wide range of applications.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based  global management consulting firm.

IT & Telecom Non-Volatile Memory Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Traditional Non-volatile Memory (Flash Memory, EEPROM, SRAM, and EPROM), By Region, Competition 2018-2028 has evaluated the future growth potential of Global  IT & Telecom Non-Volatile Memory Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global  IT & Telecom Non-Volatile Memory Market.

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