Home Technology peripherals It Industry Growing data demand drives NAND Flash market to regain growth momentum

Growing data demand drives NAND Flash market to regain growth momentum

Jul 12, 2023 pm 06:49 PM

News on July 11, according to the latest report from market research organization Yole Intelligence, NAND The Flash market will usher in growth in the third quarter of this year, ending the downward trend of the past two years.

According to Yole Intelligence, the global demand for data generation and storage continues to grow, and the introduction of new technologies has made NAND The long-term prospects of the Flash market remain promising. The report also mentions several factors that will drive the development of the NAND market.

数据需求增长推动NAND Flash市场重拾增长势头

Demand for enterprise-class solid-state drives (SSDs) is rising from large technology companies and traditional enterprise original equipment manufacturers (OEMs). These companies have increasingly higher requirements for data storage, so they use more enterprise-grade SSDs to meet large-scale data processing and storage needs.

数据需求增长推动NAND Flash市场重拾增长势头

The widespread adoption of SSDs in PCs and gaming consoles is also a driving factor for the market growth. The popularity of SSDs in personal computers and game consoles has also increased due to the increasing demand for fast startup and efficient data reading and writing.

数据需求增长推动NAND Flash市场重拾增长势头

#The increasing storage capacity of smartphones and other mobile devices is also one of the factors contributing to the market growth. As user demand for storing large amounts of photos, videos and applications in mobile phones increases, mobile phone manufacturers need to provide larger capacity storage solutions, which will drive NAND Growth of the Flash market.

数据需求增长推动NAND Flash市场重拾增长势头

Future growth of the NAND market will be driven by new trends such as artificial intelligence, virtual reality (VR), autonomous driving and the Internet of Things.

According to the editor’s understanding, Yole Intelligence predicts that the NAND market will end its seven consecutive quarters of decline and show growth in the third quarter of this year. This prediction shows that NAND The Flash market still has strong growth potential under the ever-changing technology and market environment.

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