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Non-Volatile Dual in-Line Memory Module Market size is anticipated to witness healthy growth during 2023 to 2032, owing to the increasing reliance on digital platforms and cloud services. The COVID-19 pandemic has accelerated data center usage as businesses pushed cloud migration to connect and support remote workers. The rising investment in data center expansion projects will therefore fuel the adoption of non-volatile memory (NVM) modules to ensure a secured data backup.
NVDIMM (non-volatile dual in-line memory module) acts as a combination of storage durability of the low access latency and the high bandwidth of DRAM (dynamic RAM). This storage class memory is widely deployed in storage servers to support write accelerators and commit logs and data recovery applications during an unexpected operating system failure or crash. The memory module can also be utilized in a GPU server to store inference and training results.
The acceleration of telecom trends such as 5G network expansion and rising data traffic is a prominent factor bolstering the non-volatile dual in-line memory module market growth. As per statistics from the European Telecommunications Network Operators’ Association, the fixed data traffic per connection is likely to rise from 293 GB per month in 2021 to 454 GB per month in 2023. Such factors will bolster the 5G connection for data generation and escalate the use of non-volatile memory storage systems. Likewise, the increasing accessibility and affordability of high-performance computing systems will spur NVDIMM use.
The NVDIMM-P product segment is predicted to hold an appreciable share of the non-volatile dual in-line memory module market between 2023 and 2032. The product can ensure memory evolution through the supply of bandwidth and other attributes required to benefit from big memory performance. In addition, it can have 100s of GB to 16TB storage capacity along with latency of up to 100s of nanoseconds, thus making it viable for server applications over other NVDIMM types.
Based on the application, the enterprise storage segment will expand commendably. The mounting investment in cloud infrastructure services and the deployment of data center technology are among the growth drivers. According to the 2022 Flexera State of the Cloud Report, nearly 53% of the surveyed SMBs spent more than USD 1.2 million per year on the cloud. The mounting enterprise IT operation and spending will also result in huge data generation and boost NVDIMM demand.
North America non-volatile dual in-line memory module market value will exhibit a sizable growth rate through 2032, driven by the rapid establishment of data centers. For example, in March 2022, Vantage Data Centers announced an investment worth USD 713 million to scale its Canadian operations. The expansion of the IT and software sectors is further slated to foster the industry outlook across the region.
The Russia-Ukraine conflict has disrupted the supply of critical inputs essential to the cloud computing sector. For instance, neon and palladium utilized in chip manufacturing are typically sourced from Ukraine and Russia. Supply chain disruptions in the aftermath of the conflict have led to the limited availability of servers in the cloud, resulting in price hikes. These factors will influence the non-volatile dual in-line memory module market outlook over the forthcoming years.
Some of the key players in the global market include Hewlett-Packard Company, AgigA Tech, Inc (Cypress Semiconductor Corporation), Fujitsu Limited (Furukawa Group), SK Hynix, Inc. (SK Group), Viking Technology, and Micron Technology, Inc., among others. These firms are focusing on mergers and acquisitions and business expansions to boost their presence in the industry.
This non-volatile dual in-line memory module market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2032 for the following segments:
Market, by Product
- NVDIMM-P
- NVDIMM-F
- NVDIMM-N
Market, by Application
- Enterprise storage
- Data centers
- Networking devices
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- South Korea
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia