3D Xpoint is a kind of non-volatile memory technology co-developed by Intel Corporation and Micron Technologies. 3D Xpoint offers faster speeds of data transfer than NAND and Dynamic Ram while also consuming less power, thus enhancing the sustainability. Although it is costlier than NAND Flash. 3D Xpoint can be used in a conjugation with SSD or hard disk as well as act as a main memory. Intel offers 3D Xpoint under the brand name of Optane, whereas Micro Technologies offers it under the name of QuantX moniker. The market of 3D Xpoint is expected to grow with rising digitisation of the businesses, demand for high speed storage and memory, surge in data collection by the businesses. North America is currently the largest market of the 3D Xpoint.This growth is primarily driven by Growing Focus of Businesses in Data Collection, Surge in Digitisation of the Businesses and Advancement in Storage Technology and Increasing Demand for High Speed Storage Technology.
Globally, a noticeable market trend is evident IT and Telecommunication are expected to Emerge as the Biggest End Users. Major Players, such as Intel Corporation (United States), Micron Technology, Inc. (United States), Western Digital Corporation (United States), Samsung Group (South Korea), Toshiba Corporation (Japan), SK Group (South Korea) and Ramtron International (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, SK Holdings, which is a holding entity of one of South Korea’s biggest conglomerates has announced acquisition of 33.6 percent stake in Yes Power Technix which manufactures Silicon Carbide power chip. The acquisition deal was completed in USD 24 million. The deal was aimed because of exciting opportunities ahead with surge in Automated Vehicle market as well as to reduce the import dependency of South Korea for SiC. The acquisition will also consolidate SK Holdings standing in market further.
In 2019, Micron Technology, Inc., which is one of world’s leading computer memory and data storage technology developer and manufacturer has announced acquisition of FWDNXT Inc., which developers both software and hardware in the field of machine learning and artificial intelligence for deep learning applications. Micron looks to integrate FWDNXT solutions to its chip technology to enhance data analytics and deep learning applications.
- Growing Focus of Businesses in Data Collection
- Surge in Digitisation of the Businesses
- Advancement in Storage Technology and Increasing Demand for High Speed Storage Technology
- IT and Telecommunication are expected to Emerge as the Biggest End Users
- Expensive than DRAM and Other Storage Technologies
- High Cost of Applications and Technical Complexities Involved with Large Scale Applications to Existing Data Centres
Surge in Hybrid Cloud Computing will indirectly lead to Increasing Demand for High Speed Storage on Premise
Less Awareness about the Technology and its Potential Benefits and Competition from New Emerging Storage Technology Based on Compute Express Link
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, 3D Xpoint Study Sheds Light on
The 3D Xpoint Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the 3D Xpoint industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where 3D Xpoint industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global 3D Xpoint Market?
The 3D Xpoint market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in 3D Xpoint Market?
Top performing companies in the Global 3D Xpoint market are Intel Corporation (United States), Micron Technology, Inc. (United States), Western Digital Corporation (United States), Samsung Group (South Korea), Toshiba Corporation (Japan), SK Group (South Korea) and Ramtron International (United States), to name a few.
3. Which region dominated the worldwide market for 3D Xpoint in 2020?
is dominating the 3D Xpoint Market.