Embedded Non-Volatile Memory Market Size is Expected to Reach USD 471.5 Million by 2022
Embedded Non-Volatile Memory Industry The global embedded non-volatile memory market size was valued at USD 129.9 million in 2014. The market growth is attributed to the increasing penetration of IoT-based devices and services in developing countries. The need for ubiquitous connectivity necessitates the rapid deployment of inexpensive and low power consuming products with the ability to communicate securely. Therefore, the proliferation of IoT-based devices and services is estimated to spur the demand significantly over the forecast period. Embedded non-volatile memory is a small-sized chip used to meet a variety of embedded system applications. It is primarily used in smart card, SIM card, microcontrollers, PMIC, and display driver IC for the purpose of data encryption, programming, trimming, identification, coding, and redundancy. Manufacturers focus on providing secured eNVMs for MCUs used in the IoT-based devices. Gather more insights about the...