Non-volatile Dual In-line Memory Module Market Growth Potential & For Non-volatile Dual In-line Memory Module Market

Non-volatile Dual In-line Memory Module Market Anticipated to Witness Significant Growth By 2025 Non-Volatile Dual In-Line Memory Module Market size is projected to witness high growth rate over the forecast period owing to growing demand for these components in the primary memory systems of computing platforms. NVDIMM is random access memory that retains information in-terms of normal shutdowns, system crashes, and power loss. NVDIMM offers several benefits such as improved application performance, power efficiency, speed, and data security. Also, the use of NVDIMM eliminates the use of batteries as these chips are integrated with highly efficient capacitors. These chips can retain the information until 72 hours, which is stored in volatile memory. The rapid developments in digital services, connected devices, and IoT have increased the need to store & secure a larger amount of data. The demand for cheaper memory systems and the evolution of big data technologies are further propelling the growth. NVDIMM-F, NVDIMM-P, and NVDIMM-N are among the majorly used NVDIMMs. The other non-standard type of module available is the NVDIMM-X. These modules are used for different applications in the industry based on their features. The NVDIMM-F is a dual in-line memory module used in flash storage, NVDIMM-P used in persistent flash storage (as it copies back when the power is restored), and NVDIMM-N for traditional & storage flash module systems. Technological giants, such as Intel, are further introducing new technologies in the NVDIMM market such as 3D X point, which is faster and denser than a non-volatile module. The enterprise data storage will be an important application area in the non-volatile dual in- line memory module market. The growing demand for customer-centric products, improvement in marketing communication, and customer retention has made businesses to adopt a greater number of data storage services. The retail sector, for instance, is shifting toward a more data-oriented approach to minimize inventory management costs and provide suitable products for the customers. Data management also significantly improves workforce productivity and customer satisfaction. The emergence of cloud technologies and developments in retail analytics are increasing the adoption of data storage platforms. The cloud technologies have provided an effective platform for enterprises to manage a large amount of data with improved scalability, flexibility, and reduction in IT costs, increasing their adoption considerably. North America is expected to be a dominant region in the non-volatile dual in-line memory module market owing to the highly developed IT service industry, particularly in the U.S., creating a great demand for memory devices and platforms. According to the U.S. Department of Commerce program SELECTUSA, the U.S. IT industry holds more than a quarter of the global IT market. The industry includes a number of suppliers in computer programming services, facilities management companies, software publishers, and computer system design 1 | Page