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Increasing Popularity of 3D NAND Gaining Momentum
January 16, 2018 | Business WireEstimated reading time: 1 minute
The global NAND flash market to grow at a CAGR of 15.13% during the period 2018-2022.
Global NAND Flash Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of NAND flash.
The latest trend gaining momentum in the market is increasing popularity of 3D NAND. The 3D NAND memory market is in the nascent phase and is expected to grow during the forecast period due to the increasing adoption of end-user devices such as smartphones, tablet PCs, and notebooks. 3D NAND consumes low power and offers smooth functioning of applications. Enterprise servers are adopting SSDs based on 3D architecture due to their reliability and efficiency.
According to the report, one of the major drivers for this market is growing adoption of smartphones and tablets. The semiconductor industry can witness significant growth due to increasing adoption of smartphones and tablets. The increasing demand for smartphones is driving the induction of additional features and applications by the manufacturers to differentiate their products. Manufacturers are focusing on integrating extra features such as gesture control, fingerprint scanners, image scanners, and GPS in these devices. These factors are increasing the demand for NAND flash memory in smartphones and tablets to function as code storage media.
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