The global 3D NAND flash memory market is expected to exceed US$ 20.6 billion by the end of 2022. Sales of 3D NAND flash memory are expected to generate an incremental opportunity of US$ 86 billion by 2032, growing at an exponential CAGR of 17.4 % between 2022 and 2032. The market is expanding due to increased demand for data storage devices with large storage capacities in the electronic sector.
Future Market Insights has recently published a market research report on the Global 3D NAND Flash Memory market. The study presents a detailed analysis of the historical data and current and future market scenarios for the 3D NAND Flash Memory market.
A non-volatile data storage method known as 3D NAND flash memory employs many layers of memory cells layered three-dimensionally. Memory cells are shifted to a three-dimensional structure to significantly increase density by stacking cells either vertically or horizontally on top of one another to conduct charge through NAND strings.
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The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness healthy growth over the forecast period.
Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the 3D NAND Flash Memory market in the upcoming decade.
Impact of COVID-19 on 3D NAND Flash Memory Market:
With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of the electronic supply chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in the IT services and technology industry is expected to result in a healthy outlook.
3D NAND Flash Memory Market: Competitive Analysis
The FMI’s 3D NAND Flash Memory market report provides a detailed analysis of prominent players as well as emerging companies operating in the 3D NAND Flash Memory market.
Leading key players:
Samsung Electronics Co. Ltd., Micron Technology Inc., Toshiba Corp., SK Hynix Inc., SanDisk Corp., Apple Inc.
