Friday, November 15, 2019

Key Trends Driving NAND Flash Memory Market in India
  SocialTwist Tell-a-Friend  

Date: 17-10-2019 12:40PM
Source: RP tech India
Category: General, Internet, Information Technology, Consumer Electronics, Electronic Appliances And Components, Technology, It & Tech
Location: Mumbai, Maharashtra, India

Business Wire India

Mr Rajesh Goenka
Mr Rajesh Goenka

The proliferation of smartphones and easy availability of high-speed internet has resulted in an exponential increase in data consumption in India. The latest report by Assocham-PwC states that the data usage will to grow at 73% CAGR by 2022 in the country. Such a massive data generation and consumption require a robust storage, which is reliable, compact and cost-effective. As a result, NAND storage technology is rapidly emerging and taking over other conventional storage technologies.

According to the forecast of Mordorintelligence, the global NAND flash memory market is expected to generate revenue of USD 75.4 million by 2023 at a CAGR of 6.50 per cent during the forecast period.

The study states that increased smart devices usage is driving demand for NAND flash memory devices. The technologies such as Artificial Intelligence, Machine Learning and Cloud Computing are also fueling the growth of the NAND flash memory devices business. Here are the key trends that are driving the NAND Flash Memory Market in India.

Need for Solid-State Drives
One of the key factor for increase in demand for NAND, is the requirement of Solid-State Drives (SSDs). NAND flash memory technology provides users ease to store data permanently even in the case of power failure at a reduced cost. Hence, 3D NAND and NVM (Non-Volatile Memory) are witnessing a rapid adoption, which offers speed and durability at a low cost.

Smart Devices and Automation
The proliferation of smart devices and the increasing demand for smart data storage for personal and commercial usage is fueling the growth of NAND flash memory market in India. The Government’s emphasis on e-governance and digitization has led consumers towards the digital means to access and utilize information and resources. This has triggered a huge demand for storage of massive data. Similarly, increasing automation across the industry verticals is also driving the growth of the NAND flash memory devices.

Smart City/ Safe City Projects
The technology will play a critical role in Government-backed projects such as smart city and a safe city. Similarly, various e-governance and welfare projects require a robust mechanism of data storage, where NAND plays a major role.

The advent of 3D NAND and NVM
Along with NAND, technologies such as 3D NAND and NVM (Non-Volatile Memory) are also witnessing rapid adoption in the market. 3D NAND offers large storage space while operating faster at a reduced cost. Hence, it is being rapidly adopted across the industry segments. On the other hand, NVM (Non-Volatile Memory) technologies, offers increased speed and durability compared with NAND and are predicted to take over the market share of NAND in the coming years.

About the Author

Mr. Rajesh Goenka is responsible to formulate and drive the overall business operations and lead value-added programs at RP tech India. An Engineering and Management graduate, Mr. Goenka is a proven leader with a profound proficiency in building outstanding teams for execution of successful long-term business strategy. A True Leader & Marketer with over 20 years of industry experience, he is the catalyst for RP tech India’s consistent growth at 20+ per cent CAGR YoY.

Mr. Goenka is the recipient of many coveted appreciations for his exemplary contribution to the growth of IT channel business from leading media publications. He was recognized among the “Top CMOs in India in 2019” by SME Channels. IT Nations conferred him the “Top 10 IT Channel Heads” in India. DQ Channels featured him among the ‘Top 16 Distributor Chiefs’ in 2016. He was also shortlisted among the BEST CMOs in the Indian ICT industry in 2017 by VAR India.

About RP tech India

Leading technology brands have put their trust in RP tech India (a division of Rashi Peripherals Pvt Ltd), to penetrate the vast Indian market. Being one of the top 5 distributors in India, the company has partnered with over 9000+ partners, retailers, and customers in over 750 towns & cities. To cater to this vast customer base, RP tech India has branch & service operations in over 50 locations in India. The company has created a strong IT infrastructure and unique marketing platforms that have helped to put their partners on a pedestal. At 20+ % CARG YoY, RP tech India is one of the fastest-growing companies in India. Their vendor names include Audio-Technica, AMD, APC, ASUS, Belkin, Google Chromecast, Crucial by Micron, Dell, ECS, Fitbit, HP, Intel, Lenovo, Logitech, NVIDIA, Plantronics, SanDisk, Toshiba, TP-Link, Western Digital and many other world-renowned brands.

To know more, please visit

Follow us:



More Press Releases

Andersen Global Announces First Collaboration in Croatia

EdCast Announces Global Alliance with TCS on Knowledge Management Platform

Indian Firms Win Maximum Number of Safety 'Oscars' This Year

Merck Foundation Marks "World Diabetes Day 2019" by Launching Their 'Nationwide Diabetes Blue Points Project' to Advance Diabetes Care in African Countries

Dr. Bina Modi Takes Over as New Chairperson of Modi Enterprises

IMS-Design & Innovation Academy Witnessed Its Annual Convocation

EdCast to Provide Workforce Upskilling Benefits for Governments and Enterprises

Topcoder Unveils Talent-as-a-Service On-Demand Workforce Model

IBE Announces India’s Best 100 Real Estate Brands List 2019

Innovative Term Product From ICICI Prudential Life Offers Life Cover to Individuals With Health Conditions

Modern Governance 8.0: New Report from Stanford’s Rock Center and Diligent Institute Reveals Corporate Directors Are Less Shareholder-Centric and Success Is No Longer Defined Solely by Shareholder Returns

Sankalp in Collaboration with Ekal Vidyalaya Announces Success of First Annual Event

KPMG in India and NIIT Launch the KPMG NIIT Finance Academy to Address the Changing Talent Requirements of the Industry

Panchshil Realty’s EON Free Zone-1 Awarded Prestigious Health and Safety Management Award

Sudha Murthy Visits Vidyashilp Academy

AG&P Makes Strategic Equity Investment in Kanfer Shipping

Transform Your CA Firm With Bajaj Finserv Business Loan for Chartered Accountants

Dia Mirza Felicitates Winners at Blindwink - India Icon Awards - 2019

Moody’s Analytics Wins Seven Categories, Finishes #4 in Chartis RiskTech100®

Boehringer Ingelheim and Lilly initiate first ever study to assess empagliflozin in people hospitalised for acute heart failure who have been stabilised

VYN Announces Strategic Partnership with ENGIE

PM Modi pays tribute to Jawaharlal Nehru...
Khattar inducts 10 in 1st cabinet expans...
Maharashtra: BJP-Sena split unites a div...
By Quaid Najmi...
FBI report shows 200% hike in anti-Sikh ...
Karnataka ex-MLAs join BJP barring Rosha...
 Top Stories
Pakistan has been building industry... 
Moody's cuts India's growth forecas... 
No deal to be made with India on Ku... 
Shami, Pujara flatten B'desh as Ind... 
Warner's constant poking spurred me... 
Entry not banned in Sabarimala, I'l... 
VHP sees no gender discrimination i... 
Himesh Reshammiya, Ranu Mondal's 'A...