October 22, 2019 by Market-NewsFlash
Global ECC Memory Market Research Report: by Memory Error (Hard Error, Soft Error), by Type (DDR4, DDR3, DDR2, DDR1, Others), by Application (Data Centers, Workstation Servers, Cloud Servers, Others) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) — Forecast till 2025
ECC Memory Market
The major factors driving the growth of ECC memory market are the growing number of data centers and servers, and increasing adoption of the internet of things technology. IoT adoption is being witnessed across various sectors including automotive, industrial, and infrastructure. With each development comes huge volumes of data that require high-end data processing capabilities with a differentiated storage portfolio.
As a result, the demand for error coding, reliable, and cost-effective high-density ECC memory solutions is growing. The ECC Memory help in rectifying any physical or programming error while writing data on a memory chip. However, high fabrication and maintenance cost of ECC memory chips along with higher prices as compared to non-ECC memory than non-ECC memoy is expected to restrain the market growth.
The increasing number of social networking platforms, IoT devices, and others has resulted in the generation of huge volumes of data that has led to an increase in the construction of various data center facilities worldwide. Moreover, the growing need for cloud computing has increased the overall size and economic impact of data centers.
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ECC Memory Market
North Virginia has the largest data center market in the US. The increase in the production of new mobile computing devices has increased the utility of data centers among various organizations. Hence, major active companies are looking to invest in new data center construction projects. The growth in data centers and servers is expected to drive the demand for ECC memory during the forecast period.
The key players in the ECC memory market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Micron Technology Inc (US), Kingston Technology Corporation (US), Other World Computing (OWC) (US), Lenovo Group Limited (China), Samsung Electronics Co Ltd (South Korea), Hewlett Packard Enterprise Company (US), Dell Inc. (US), Transcend Information Inc. (Taiwan), SK Hynix Inc (South Korea), I’M Intelligent Memory Limited (US), Intel Corporation (US), IBM Corporation (US), Nemix RAM (US), Black Diamond Memory (US), Brute Network (US), and Adamanta Memory (US).
These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 35–40% in the ECC memory market.
The ECC memory market has been categorized into four regions — North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe is one of the major consumers of ECC memory. The demand in the region is anticipated to expand at a rapid pace owing to the expansion of applications in various industry verticals such as consumer electronics, automotive, and IT and telecommunications. The region has witnessed high demand for DRAMs in consumer electronic devices that require fast, non-volatile memory for smartphones, PC/laptops, and gaming consoles applications.
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