October 29, 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 global ECC memory market was valued at USD 8.55 billion in 2018; it is expected to reach USD 13.08 billion by the end of the forecast period at a CAGR of 6.6%
Error-correcting code (ECC) is a process that distinguishes and corrects the errors in single-bit memory. These errors can be categorized as hard error and soft error. A hard error is generally caused by any physical damage, such as fluctuations in temperature, voltage, and current supplied to the memory chips. The rising need for ECC memory directly depends upon the demand for big data which puts stress on memory for data compression. ECC memory thus helps in preventing any loss of data due to physical error or data writing error. ECC memory has its major applications in DRAM and cache memory where data is stored temporarily. Some of the non-ECC memory can detect but do not possess the capability to correct it. This makes the ECC memory expensive and critical for large-scale data transmission and storage applications such as in data centers, cloud servers, and workstations.
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. According to the Washington State Department of Commerce, the US data center market is witnessing growth both in terms of new construction and absorption. 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.
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ECC Memory Market
In December 2017, Samsung Electronics launched the 10-nanometre class, 8-gigabit DRAM chips, with improved energy efficiency and data processing performance toward data-crunching electronics such as cloud computing centers.
In July 2017, Kingston Technology entered into a distribution agreement with Exertis, one of the leading distributors of technology products. The company distributes DRAM, Flash, and SSD products internationally for Kingston Technology.
The global ECC memory market is characterized by the presence of several global vendors. The competition among the existing players for shares in the market is highly intense. Cost, quality, accuracy, and reliability of products are some of the factors that help vendors to sustain in an intensely competitive market. Furthermore, technological advancements for the adoption of ECC memory are expected to fuel the growth of the ECC memory market 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, other players contribute nearly 35–40% in the ECC memory market.
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