The global ECC memory market witnesses continually rising revenues. Major market trends are the increasing demand for big data, which puts stress on memory for data compression, ECC support for improved reliability, and full-fledged ECC memory techniques that protect data in transit.
With the increasing number of social networking platforms and IoT devices, the market is projected to garner substantial traction in the years ahead. In this regard, Market Research Future (MRFR) asserts that the global ECC memory market is poised to grow at an impressive CAGR throughout the assessment period (2020- 2027).
Besides, the growing adoption of ECC memory for large-scale data transmission and storage applications such as data centers, cloud servers, and workstations escalate market growth. Increasing ECC memory applications in DRAM and cache memory where data is stored temporarily boost the growth of the market.
The growing need for cloud computing substantiates market growth, increasing the numbers of data centers. Additionally, increase in the numbers of data centers worldwide act as a major tailwind for the market growth, creating vast volumes of data.
Also, the increase in the production of new mobile computing devices pushes the development of the market, increasing the usages of data centers among various organizations.
Error Correction Code (ECC) Memory Market – Segments
The report is segmented into memory errors, types, applications, and regions. The memory error segment is sub-segmented into hard error and soft error. The ECC memory market type segment is sub-segmented into DDR4, DDR3, DDR2, DDR1, and others.
The application segment is sub-segmented into data centers, workstation servers, cloud servers, and others. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and the Rest-of-the-World.