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Multiple Factors to Boost Market Growth
The growing number of social networking platforms, IoT devices, and other devices 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. As a result, large active firms are considering investing in new data center development projects. During the forecast period, demand for ECC memory is likely to be driven by the expansion of data centers and servers.
Market Analysis
Market Research Future (MRFR) presumes the global ECC memory market size to reach USD 13.08 billion at a CAGR of 6.6% from 2020 to 2027 (forecast period).
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Key Players
The key players in the global ECC memory market are recognized across all the major regions based on their country of origin, presence, new key developments, product diversification, and industry expertise. Some of them are Micron Technology Inc. (US), Kingston Technology Corporation (US), Other World Computing (OWC) (US), Lenovo Group Limited (China), Samsung Electronics Co Ltd (South Korea), Hewlett Packard Enterprise Company (US), Dell Inc (US), Transcend Information Inc. (Taiwan), SK Hynix Inc (South Korea), I'M Intelligent Memory Limited (US), Intel Corporation (US), IBM Corporation (US), Nemix RAM (US), Black Diamond Memory (US), Brute Network (US), and Adamanta Memory (US).
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Market Segmentation
The global ECC memory market has been segmented based on memory error, type, and application.
By memory error, the global ECC memory market has been segmented into hard error and soft error.
By type, the global ECC memory market has been segmented into DDR4, DDR3, DDR2, DDR1, and others.
By application, the global ECC memory market has been segmented into data centers, workstation servers, cloud servers, and others.
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Regional Analysis
North America to Rule the Global Market
Due to the presence of prominent players such as Micron Technology Inc, Intel Corporation, and Integrated Silicon Solution Inc, North America is a significant contributor to the development of the ECC memory market. These firms are pioneers in innovative memory and storage solutions, leading disruptive concepts such as artificial intelligence, machine learning, IoT, and self-driving cars. Furthermore, the increasing use of high-end smartphones, as well as new technologies such as machine learning and artificial intelligence, is boosting demand for ECC memory in a variety of end-use applications. Cloud service providers like Google and Amazon, on the other hand, use ECC memory and DRAM in their data centers for cloud computing applications in order to gain scalability and improve memory capacity and correction coding.