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ECC Memory Market Outlook - 2030
Error correction code memory (ECC memory) is a type of computer data storage that employs an error correction code (ECC) to detect and fix n-bit data corruption in memory. Most systems employ ECC memory when data corruption cannot be accepted under any circumstances such as industrial control programmes, vital databases, and infrastructure memory caches. There are two types of errors: hard errors and soft errors. A hard error is typically caused by physical damage to the memory chips such as variations in temperature, voltage, and current.
The increasing demand for ECC memory is closely related to the demand for big data, which places a strain on memory for data compression. Thus, ECC memory aids in the prevention of data loss due to physical or data writing errors. ECC memory is most commonly used in DRAM and cache memory, where data is temporarily held. Some non-ECC memory can identify errors but cannot repair them. As a result, ECC memory is costly and necessary for large-scale data transmission and storage applications, such as those found in data centers, cloud servers, and workstations. All these factors are assisting the growth of ECC memory market share globally.
The global ECC memory market is segmented on the basis of memory error, type, application and region. On the basis of memory error, the market is divided into hard error and soft error. Based on type, the market is divided into DDR4, DDR3, DDR2, DDR1, and others. In terms of application, the market is categorized into data centers, cloud servers, workstation servers, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global ECC memory industry include Intel Corporation, Micron Technology Inc., Other World Computing (OWC), Lenovo Group Limited, Kingston Technology Corporation, SK Hynix Inc, Samsung Electronics Co Ltd, Hewlett Packard Enterprise Company, Dell Inc, Transcend Information Inc.. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global ECC memory market.
COVID-19 Impact Analysis
The COVID-19 problems had a good impact on the ECC memory market, opening up a number of options. Most sectors suffered significant revenue losses as a result of the pandemic, which boosted the demand for rapid data processing and big data across a wide range of industries. The pandemic also hastened the emergence of telemedicine, requiring the medical/healthcare business to spearhead efforts to meet supply demands and deal with congested facilities. This shifts the emphasis back to improving and streamlining telehealth capabilities. The ECC memory market size is expected to increase significantly, owing to rising global demand.
Top Impacting Factors
The growing number of social networking platforms, IoT devices, and other gadgets has resulted in the collection of massive amounts of data, prompting a surge in the development of various data center facilities throughout the world. Furthermore, the increased demand for cloud computing has increased the overall size and economic effect of data centers. According to the Washington State Department of Commerce, the data center market in the United States is expanding in terms of both new development and absorption. North Virginia has the country's largest data center market. The rising development of new mobile computing devices has enhanced the utility of data centers among different enterprises. During the forecast period, demand for ECC memory market trends is likely to be driven by the expansion of data centers and servers.
New Product Launches to Flourish the Market
According to ECC memory market trends, in June 2021, The ELITE DDR5 U-DIMM series from TEAMGROUP, a leading provider of memory storage products and mobile applications is the company's first newly launched DDR5 memory kit. The memory kit is suitable for next-generation DRAM platforms that will support the new standard and provide higher capacities and transfer speeds than DDR4 memory.
When compared to DDR4, the TEAMGROUP DDR5 ELITE series has 16 GB capacity per module, 4800 MHz transfer speeds, and doubles the amount of memory banks. In addition, the DDR5 memory module will operate at an ultra-low voltage of 1.1V. The DDR5 memory modules also have on-die ECC support and a PMIC (Power Management IC) to improve efficiency.
Surge in Usage in IoT Devices and Cloud Computing Technology
As the number of social networking platforms and IoT devices grows, so does the market growth. Massive amounts of data have resulted in an increase in the development of various data center facilities around the world, acting as a crucial tailwind for the market's growth. Furthermore, the growing use of ECC memory in DRAM and cache memory, where data is briefly held, creates considerable market prospects.
Furthermore, the increased demand for cloud computing drives the market growth, resulting in an increase in the number of data centers. The expansion in mobile computing devices drives the market development, increasing data center utilization among diverse organizations. The evolution of DRAM, the advancement of CPUs, and the growing desire for increased per core performance and greater power efficiency all generate significant market prospects.
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