ICT RESEARCH REPORTS Electrically-Erasable-Programmable-Read-Only-Memor

Electrically Erasable Programmable Read Only Memory Market Seeking
Growth from Emerging Markets, Study Drivers, Forecast till 2026
Electrically Erasable Programmable Read Only Memory Market
research provides industry analysis by type, manufacturer,
application along with key factors influencing the growth of the
market which include growth drivers, restraints, opportunities and
challenges, strategically profile key players and comprehensively
analyze their market share and core competencies.
Electrically erasable programmable read only memory (EEPROM) is a non-volatile memory used
in computers, smartphones, and electronic devices to store small volumes of data. Increasing
demand for high speed, highly scalable memory devices, and low power consuming devices are
major factors driving growth of electrically erasable programmable read only memory market.
Increasing adoption of high speed internet and Internet of Things (IoT) devices have propelled
the demand for high speed memory devices, which are expected to fuel growth of electrically
erasable programmable read only memory market in IOT devices.
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According to Coherent Market Insights analysis, in 2016, an estimated 17.7 billion IoT devices
were installed worldwide and is predicted to reach up to 30.7 billion by 2020. Furthermore,
increasing trend of wearable devices in healthcare and sports is propelling demand for high
scalable memory devices to maintain strong network connectivity and record the generated
data, which in turn is driving growth of the electrically erasable programmable read only memory
market. Furthermore, increasing adoption of smart cloths has increased the demand of wearable
devices. In 2016, an estimated 35.3 million units of body wearable devices were sold and it is
projected to reach 39.4 million units by the end of 2018.