Embedded Non-volatile Memory Market Will Reach USD 471.5 Million By 2022:Grand View Research, Inc.
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. 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...