Non-Volatile Dual In-Line Memory Module Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021
Albany, NY -- (SBWIRE) -- 02/08/2017 -- Despite being at a nascent stage, Transparency Market Research (TMR) projects the global non-volatile dual in-line memory module (NVDIMM) market to surge at a remarkable pace. The rapid proliferation of internet connectivity and the corresponding updates have been crucial in fuelling NVDIMM deployment across various end-use applications. On the flip side, the companies offering NVDIMM still need to work on their designs in order to make them more affordable. Currently, their high cost is limiting their adoption across SMEs.
Nevertheless, with efforts to make NVDIMMs a standard technology across datacenters afoot, TMR forecasts the global market to surge at a remarkable CAGR of 136.6% between 2015 and 2021. The market stood at US$3.3 mn in 2014 and is anticipated to reach US$1.3 bn by the end of 2021.
Unprecedented Expansion of Data Centers Fuels Demand for NVDIMMs across North America
North America led the global NVDIMM market with a share of 78.5% in overall revenue in 2014. The market's growth in this region is spurred by the robust expansion of the data center and enterprise storage segment. The region being an early adopter of the latest technologies, analysts expect NVDIMM demand from North America to surge exponentially in the forthcoming years.
The region has a rising demand for high application performance, data retention, data security, and speed, which has accelerated the deployment of NVDIMMs across various end-use verticals. The inability of disk storage to support typical requirements of large-scale cloud applications is likely to boost demand for NVDIMMs across North America. Over the forecast period, the North America market is expected to exhibit a CAGR of 117.8%.
With a share of nearly 12% in the global NVDIMM market, Europe emerged as the second-largest regional segment. However, TMR forecasts Asia Pacific to report the fastest CAGR of 177.4% between 2015 and 2021.
High Application Performance Offered by NVDIMMs to Boost their Application in Data Centers and Enterprises
The deployment of NVDIMMs has been the highest across data centers and enterprises in 2014. The segment in the year accounted for over 86.4% of the market. TMR expects the data centers and enterprises storage segment to maintain its dominance in the market through the forecast period. A NVDIMM, combining flash memory and DRAM technologies, enhances the process of power failure recovery and offers high application performance.
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NVDIMMs offer endurance, performance, latency, and data security benefits, which augment their demand from data centers and enterprises. As per TMR, the data centers and enterprises storage segment will rise at a CAGR of 129.6% between 2015 and 2021.
Bolstered by these factors, the application of NVDIMMs across data centers and enterprises is projected to increase further in the near future. However, with the advancement in technologies, the use of NVDIMMs is likely to branch out in medical electronics and consumer electronics segments.
The application of NVDIMMs is expected to surge in the industrial and automotive sector as well. The segment requires strict quality standards and exhibits high demand for power, performance, and reliability. Besides this, the increasing demand for digital imaging products in medical electronics will also bode well for the NVDIMM market's future.