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According to a new report Asia Pacific Non-Volatile Memory Market is expected to attain a market size of $33.4 billion by 2022, growing at a CAGR of 11.7% during the forecast period.
Asia-Pacific Non-Volatile Memory Market Revenue Trend, 2012-2022 ( In USD Million)
Electrically addressed is the leading memory type and widely used in consumer electronics. The growing demands for greater efficiency, faster memory access and low-power consumption devices are a few notable factors driving the market growth. In 2015, Electrically Addressed segment dominated the Asia-Pacific Non-Volatile Memory Market, By Type with revenue of $7,560.2 Million. However, others segment would witness highest CAGR of 14.9% during the forecast period (2016-2022).
Among different applications, enterprise storage segment maximum share of the overall NVM market in 2016. In 2015, Enterprise Storage dominated the Asia-Pacific Non-Volatile Memory Market, and by 2022, the segment would attain revenue of $11,172.4 Million. However, Industry would witness highest CAGR of 14.1% during the forecast period (2016-2022). Growing number of datacenters would be the leading factor driving the market and would significantly contribute to the overall market revenue.
Asia-Pacific Non-Volatile Memory Market Revenue Share by Country� 2015 (in %)[/caption]
Telecom & IT industry would be a leading vertical within the overall NVM market, as substantial data volume is generated on a regular basis, which demands efficient datacenters or storage centers. The major demand for storage is from the developing economies such as Asia-pacific, contributing to the market growth.
Asia-Pacific Non-Volatile Memory Market Revenue Share by Country - 2022 (in %)
In 2015, Japan dominated the Asia-Pacific Non-Volatile Memory Market By Country with revenue of $4,791.2 Million. However, Malaysia would witness highest CAGR of 13.9% during the forecast period (2016-2022). Advancement in consumer electronic and introduction of flexible electronics would add to the NVM market in Asia-Pacific, especially in Asian countries such as Japan, Singapore, and India.
Asia-Pacific Non-Volatile Memory Market Revenue Share by Vertical 2015 (in %)
The major players profiled in this report include Adesto Technologies Corporation, Viking Technology, Kilopass Technology Inc., Samsung Electronics Co., Ltd., Intel Corporation, Sidense Corporation, Sandisk Corporation, Toshiba Corporation, and Micron Technology, Inc.