The report provides information regarding key drivers, restraints, and opportunities with impact analysis.

Portland, OR -- (SBWire) -- 06/08/2018 --Non-Volatile Memory Market (NMV) Report, published by Allied Market Research, forecasts that the global market is expected to garner $82 billion by 2022, registering a CAGR of 10% during the forecast period 2016 - 2022. Asia-Pacific leads the world market and accounts for more than 40% share of the overall NVM market revenue followed by North America. The Asia-Pacific market growth is mainly driven by factors such as increasing number of datacenters and increasing use of NVM in consumer electronics manufacturing activity.

NVM is linking gap between memory and storage by enabling permanent storage and backup facility to the crucial data. Moreover, it offers several benefits such as lower power consumption, reduced system complexity, and minimized system maintenance. Electrically addressed memory represents almost 40-42% of the total NVM market owing to its resilience and greater efficiency. In addition, substantial growth in data centers, customer shift towards advanced electronic applications to get better efficiency would promote its demand across consumer electronics, healthcare application, enterprise storage, and industries. The emerging memories such as 3D XPoint, MRAM, SONOS is expected to exhibit robust growth in years to come.

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Telecom & IT industry vertical is projected to maintain its lead in the overall NVM market as huge amount of customers data is generated in telecom on a regular basis that further necessitates the efficient datacenter or storage requirement. The major demand for storage is driving from the developing economies such as Asia-pacific that has further boosted the market growth. Furthermore, automotive is anticipated to exhibit the highest growth, with a CAGR of 11.0% during the forecast period. This is owed to the advancements in technology and increased production.

Asia-Pacific accounted for the majority of revenue in 2014 and is expected to maintain its dominance throughout the forecast period. This is attributed to the rising number of datacenter and increasing enterprise storage requirement that in turn increases the demand for memory. Moreover, advancement in consumer electronic and introduction of flexible electronics would further boosts the NVM market worldwide primarily in Asian countries, such as Japan, Singapore, and India.

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Asia-Pacific is projected to be the fastest growing region throughout the analysis period. Furthermore, increase in IT expenditures in several countries including Japan, India, and South Korea to satisfy the end-user storage needs have bolstered the market growth. Moreover, technological advancements to overcome low write endurance rate issue in NVM would offer lucrative opportunities for the market.

Key findings of Non-Volatile Memory (NVM) Market:

- In 2014, electrically addressed type led the overall NVM market revenue, and is projected to grow at a CAGR of 10.1% during the forecast period.

- Automotive industry vertical segment is projected to grow at a CAGR of 11% during the analysis period.

- Consumer electronics segment is expected to exhibit fastest growth during the forecast period, owing to increasing application of NVM in smartphone and wearable device.

- Japan is the major shareholder accounting for about 34% share of the Asia-Pacific NVM market.

The key players in the NVM market are focused to expand their business operations in the fast-growing emerging countries with new product launches as a preferred strategy. The major players profiled in this report include Adesto Technologies Corporation, Viking Technology, Crossbar Inc., Kilopass Technology Inc., Samsung Electronics Co., Ltd., Intel Corporation, Sidense Corporation, Sandisk Corporation, Fujitsu Ltd, and Micron Technology, Inc.

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