ECC Memory Market will exhibit a CAGR of 6.6% in the forecast period of 2020-2027 and is expected to reach USD 13.08 billion by 2027
The global ECC memory market witnesses continually rising revenues. Major market trends are the increasing demand for big data, which puts stress on memory for data compression, ECC support for improved reliability, and full-fledged ECC memory techniques that protect data in transit.
With the increasing number of social networking platforms and IoT devices, the market is projected to garner substantial traction in the years ahead. In this regard, Market Research Future (MRFR) asserts that the global ECC memory market is poised to grow at an impressive CAGR throughout the assessment period (2020- 2027).
Besides, the growing adoption of ECC memory for large-scale data transmission and storage applications such as data centers, cloud servers, and workstations escalate market growth. Increasing ECC memory applications in DRAM and cache memory where data is stored temporarily boost the growth of the market.
The growing need for cloud computing substantiates market growth, increasing the numbers of data centers. Additionally, increase in the numbers of data centers worldwide act as a major tailwind for the market growth, creating vast volumes of data.
Also, the increase in the production of new mobile computing devices pushes the development of the market, increasing the usages of data centers among various organizations.
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Major Players
Players active in the ECC memory market include Kingston Technology Corporation (US), Other World Computing (OWC) (US), Micron Technology Inc. (US), Samsung Electronics Co Ltd (South Korea), Hewlett Packard Enterprise Company (US), Lenovo Group Limited (China), Transcend Information Inc. (Taiwan), SK Hynix Inc (South Korea), Dell Inc (US), Intel Corporation (US), IBM Corporation (US), I’M Intelligent Memory Limited (US), Black Diamond Memory (US), Adamanta Memory (US), Brute Network (US), and Nemix RAM (US), among others.
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Error Correction Code (ECC) Memory Market - Segments
The report is segmented into memory errors, types, applications, and regions. The memory error segment is sub-segmented into hard error and soft error. The ECC memory market type segment is sub-segmented into DDR4, DDR3, DDR2, DDR1, and others.
The application segment is sub-segmented into data centers, workstation servers, cloud servers, and others. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Error Correction Code Memory Market - Geographical Analysis
North America accounts for the leading ECC memory market share. The presence of several notable players technical expertise rendered by them and well-established technology development centers are some of the key factors driving the market growth.
Some of the key players, such as Integrated Silicon Solution Inc, Micron Technology Inc, and Intel Corporation, have brought innovative memory and storage solutions, developed with disruptive technologies, such as artificial intelligence (AI), machine learning (ML), IoT, and autonomous vehicles.
Besides, the growing adoption of high-end smartphones and the rising demand for ECC memory and DRAM in various end-use applications to achieve scalability and improve the memory capacity and correction coding substantiate the ECC memory industry in the region.
Global ECC Memory Market - Competitive Landscape
The market appears highly competitive and fragmented with several well-established players forming a competitive landscape. To gain a substantially larger competitive share, players incorporate approaches, such as mergers acquisitions, collaboration, innovation, and expansion. They substantially invest in RD to develop adept technologies and products and drive their global footprints.
Industry/ Innovation/ Related News:
June 14, 2021 ---- Maxim announced addition of new error-code correction (ECC) memory called Cortex-M4 to flash, RAM and cache in an increased-reliability microcontroller for industrial, healthcare and IoT use.
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1 Executive Summary
1.1 Market Attractiveness
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Bargaining Power Of Suppliers
4.1.5 Intensity Of Rivalry
4.2 Value Chain/Supply Chain Of ECC Memory
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