NAND Flash is currently the fastest-growing storage technology. The rising need for memory devices with high speed, low power consumption, compact size, lightweight, physical robustness, and high scalability is expected to fuel the development of new NAND Flash storage devices. According to the Markets and Research report 2020, the non-volatile memory market is expected to be over $81 billion in 2022, with an annual growth rate of 9.96%. As per a report by Globe news wire, NAND Flash Memory Market is set to reach a value of $94. 24 billion by 2027, registering a CAGR of 5.33% over the forecast period (2022 – 2027).
One of the key benefits of Flash memory is its non-volatile mass storage of data. NAND memory retains data even when the power is off, making it ideal for portable devices such as smart devices, digital cameras, and laptop computers. Owing to many of these characteristics, especially those related to performance, solid state drives (SSDs) are making inroads into the desktop and server market currently dominated by hard disk drives (HDDs). Gartner predicted that enterprise SSDs will experience strong growth through the forecast period (2022-2026) at a CAGR of 32% as compared to 22% CAGR of HDD. According to the Global Market Insight, the SSD market will reach $125 billion by 2026. Forbes reported, in 2022, the HDD shipments growth will decline from 50% to 20%, estimated at 234M units, down about 10% from HDD shipments in 2021. An SSD can provide 15,000 to 30,000 I/O operations per second, compared with around 150 for a hard disk drive. SSDs offer significant performance and durability advantages over standard hard drives with no moving parts; they are all semiconductor devices; because of this, SSDs do not suffer from mechanical latencies like hard drives do. Without any moving parts, SSDs can be subject to much more shock and vibration than a hard drive which makes them ideal for a broad range of portable and mobile applications. Moreover, in the past few years, the cost of NAND flash dropped enough to make solid-state drives possible for various applications ranging from consumer to enterprise client systems and servers.

Significant increase of NAND Flash memory in Enterprise:

Enterprises are set to hold the second-largest share of the NAND FLASH memory market by 2025. Enterprise storage is evolving fast for use as mass storage in data centers. In addition, enterprise storage requires fast data processing with low power consumption. NAND FLASH technologies meet these requirements and enable enterprises to support their data centers. Currently, most corporate companies generate huge amounts of data on a daily basis. This data enables these companies to make better business decisions and run smoothly. For maintaining such massive digital databases, emerging memory technologies such as NAND Flash are required to replace the traditional hard disk drives to address the critical storage requirements of businesses and make better decisions with the available data.

SSD offers better performance than HDD:

Most systems are no longer limited by processor performance. However, they are almost always limited by storage. Hard drives have access latencies in milliseconds, while SSDs operate in hundreds of microseconds. An SSD can deliver new life and high performance on a few years old systems, making SSD a performance storage upgrade. Overall, SSD provides the best performance increase to any upgrade in a system.

NAND Flash emerging as a “Universal Memory”:

The revenue for the NAND Flash memory market generated at the end of 2021 was estimated to be a whopping cost of $64.24 billion. It is expected to grow at the highest CAGR during the forecast period (2022-2027). NAND Flash technology stores more data at a lesser cost acting as a potential alternative to existing hard disk drives. The current macro trends of AI and machine learning, mobility, and connectivity are favorable to the NAND markets and are expected to increase their share in the semiconductor market. As a result, the NAND Flash technology is becoming a ‘Universal Memory’, the most significant contributor to the emerging non-volatile memory market. It has expanded its usage from computer applications to all consumer electronic products.

Flexxon: The providers of top-notch NAND Flash Storage devices:

Solid-State Drives have proven to be the replacement for HDDs. This leads to the next generation of NAND storage devices that execute high-performance, low-power consumption, enhanced reliability, and greater durability, which can be used in industrial and personal applications ensuring data security and reliability.

Considering the SSDs, the host data travels through the controller and firmware for the inbound and outbound data stream with no close communication between the software defenses and device firmware. Hence, it opens loopholes for cyber-threats to bypass the software defense and attack the firmware. Flexxon is a leading industrial NAND Flash storage manufacturer with AI embedded intelligent, holistic, and easy-to-use cybersecurity solutions that ensure the highest levels of protection at the firmware level, establishing the security wall at the NAND storage level in real-time.

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