Next-Generation Non-Volatile Memory Market: Insights, Trends, and Forecast 2024-2030
The global next generation non-volatile memory market size is expected to reach USD 18.23 billion by 2030 and is projected to grow at a CAGR of 17.8% from 2024 to 2030, according to a new study by Grand View Research, Inc. Increasing need for fast and economical storage solutions across diverse applications is estimated to drive industry growth over the forecast period. Next Generation Non Volatile Memory is used for various applications such as enterprise, industrial and automotive to store and manage information, which is expected to augment market growth over the next six years. Increasing use of Next Generation Non Volatile Memory in mobile phones to enhance customer experience is expected to fuel market growth. The increasing demand for wearable electronics and replacement of flash memory storage may provide new growth avenues to the Next Generation Non Volatile Memory industry. Low environment stability and high design cost may act as a restraint to ...