SAN FRANCISCO, January 16, 2017 /PRNewswire/ --
The global embedded non-volatile memory market is expected to reach USD 471.5 Million by 2022, according to a new study by Grand View Research, Inc. The emergence of memory technology such as RRAM and revamp in the FRAM architecture are expected to drive market growth over the forecast period. Surge in demand for Internet of Thing (IoT) applications in order to build smart devices is also expected to catapult the industry demand over the next seven years.
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Demand for automation across several end-use industries including industrial, automotive, and consumer electronics might provide avenues for industry growth. Rapid industrialization in developing regions is also expected to drive product demand over the forecast period.
Development of devices integrating wireless communication technologies such as Near Field Communication (NFC), Bluetooth, and ZigBee require miniature components owing to consumer demand for compact devices. Migration from conventional to embedded-NVM owing to low-power consumption and high efficiency offered by these memory devices is expected to impel industry demand over the forecast period. This is also anticipated to be a key growth opportunity for industry participants.
Browse full research report with TOC on "Embedded Non-volatile Memory (eNVM) Market Size And Trend Analysis By Product (eFlash, eE2PROM, FRAM), By Region (North America, Europe, Asia Pacific, Latin America And Middle East & Africa), And Segment Forecasts, 2012 - 2022" at: http://www.grandviewresearch.com/industry-analysis/embedded-non-volatile-memory-envm-market
Further key findings from the study suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global eNVM market on the basis of product and region:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Read Our Blogs - eNVM market Outlook: Increasing penetration of smart devices to favor growth
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