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3D XPoint technology Global Market - OverviewThe global 3D XPoint technology market is showing immense growth; mainly due to increased durability, great performance, and large storage capacity. Also, in comparison with the presently available non-volatile storage devices, 3D Xpoint offers low cost storage. 3D Xpoint technology is 1,000 times faster than NAND and also possesses 1,000 times greater endurance as compared to NAND. 3D Xpoint is considered to be a breakthrough technology which delivers game-changing performance for memory and storage solutions that enable processing of entirely new applications.
The technology was unveiled by Intel and Micron in 2015, which was the first new memory category created almost after 25 years. Intel had announced Optane brand for storage products based on 3D XPoint technology. Intel’s Optane provides an unparalleled combination of high throughput, low latency, high quality of service, and high endurance. Technological advancements have played a major role in the development of 3D Xpoint Technology Market. Steep increase in the adoption of 3D XPoint technology applications is one major factor driving the growth of 3D XPoint technology market. Intel Corporation and Micron Technology are the major investors in the 3D XPoint technology market.
By end user, the consumer electronics sub segment is expected to grow at the highest rate during the forecast period in the global 3D XPoint technology market. This is owing to the increasing demand for high storage memory applications in the consumer electronics sector. According to a recent study report published by Market Research Future, the global market of 3D XPoint technology is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).
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Key Players
IM Flash (U.S.), Intel Corporation (U.S.), Micron Technology, Inc. (U.S.), Numonyx B.V. Ltd, (Switzerland), Samsung Group (South Korea)., SK Hynix, Inc. (South Korea), Western Digital Corporation (U.S), SanDisk Corporation (U.S.), Mushkin Inc. (U.S), Kingston Technology Corporation (U.S.), Qimonda AG (Germany), and Toshiba Corporation (Japan) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global 3D XPoint technology Market.
Market Segmentation:
• By storage type, the global 3D XPoint technology market has been segmented into 750 GB, and 1.5 TB.
• By end-user, the 3D XPoint technology market has been segmented into telecommunication, consumer electronics, automotive & transportation, healthcare, retail, enterprise storage, military & aerospace, energy & power, agricultural, and others.
Regional Analysis:
By region, the global 3D XPoint technology market has been segmented into Asia Pacific, North America, Europe and the Rest of the World (RoW). North America is expected to dominate the market in the initial years. The technical expertise of the region is primarily responsible for driving the expansion of the market. Again, the two major players of the global market- Intel and Micron – are based out of the U.S. which is likely to accelerate revenue creation for market participants. Although North America is prognosticated to lead the market growth, Asia Pacific is poised to gain quick mileage and overtake the turnover of the market in North America towards the end of the assessment period. The exponentially rising demand from the consumer electronics industry is expected to support the growth of the regional market in the years to come. In addition, the boom witnessed in the market is expected to attract new entrants to the 3D XPoint technology market. The major sub-markets of the region are China, Japan, Korea, and India.
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Industry News:
In April 2019, Intel Corporation, an American multinational corporatio, and technology company, has formally announced its Optane persistent memory product line, which includes 3D Xpoint memory technology, as part of its massive data center event. The solution is aimed at sitting between DRAM and NAND and speeding up performance.
In April 2019, a California-based enterprise infrastructure provider, MemVerge, has raised USD 24.5 Mn big data workloads designed on the basis of Intel Optane-based infrastructure.
In April 2019, Fujitsu Ltd., a Japanese multinational information technology equipment and services company, has refreshed its x86 server portfolio with the addition of support for Intel’s Optane DC persistent (aka non-volatile) memory, based on 3D XPoint technology.
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Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
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Release ID: 88910198