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Global Next Generation Memory Market Forecast to Reach USD 4875.5 Million by 2030–Consumer Electronics and AI to Drive Growth | Valuates Reports

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BANGALORE, India, Nov. 7, 2024 /PRNewswire/ — Next Generation Memory Market is Segmented by Type (PCM, ReRAM, MRAM, FeRAM), by Application (Consumer Electronics, Enterprise Storage, Telecommunications, Automotive and Transportation, Military and Aerospace): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Next Generation Memory market was valued at USD 1153 Million in 2023 and is anticipated to reach USD 4875.5 Million by 2030, witnessing a CAGR of 22.6% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Next Generation Memory Market:

The Next Generation Memory Market is experiencing considerable growth as industries demand high-speed, reliable, and energy-efficient memory solutions. These advanced memory technologies are crucial in data-intensive applications across sectors like consumer electronics, AI, and IoT. The flexibility and performance benefits offered by next-generation memory make it a vital component for future technological advancements, ensuring its position as a pivotal area of innovation in the electronics industry.

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TRENDS INFLUENCING THE GROWTH OF THE NEXT GENERATION MEMORY MARKET:

Phase-Change Memory (IPCM) is a significant growth driver in the Next Generation Memory Market due to its high speed, non-volatility, and scalability, which make it ideal for modern computing applications. IPCM enables faster data storage and retrieval by altering the phase of materials between amorphous and crystalline states. This unique feature allows it to retain data even when power is off, making it especially attractive for applications requiring reliable, persistent memory. As industries like AI and IoT demand faster data processing with minimal energy consumption, IPCM’s advantages in durability and speed fuel its adoption, further driving the Next Generation Memory Market.

Resistive Random Access Memory (ReRAM) is instrumental in propelling the Next Generation Memory Market forward by offering low power consumption, fast switching speeds, and high storage density. ReRAM operates by changing resistance across a dielectric material, providing a more efficient memory solution compared to traditional flash memory. Its compatibility with existing semiconductor technology makes it adaptable for applications ranging from consumer electronics to cloud computing. As demand for energy-efficient, high-capacity memory increases, particularly in sectors like automotive and mobile devices, ReRAM’s integration strengthens its role in the market, ensuring continued growth.

The consumer electronics sector significantly contributes to the expansion of the Next Generation Memory Market. With the increasing complexity of modern devices such as smartphones, laptops, and gaming consoles, there is a high demand for memory solutions that are both fast and durable. Next-generation memory technologies like IPCM and ReRAM provide the speed and reliability required to handle intensive applications, from HD video streaming to interactive gaming. As consumers increasingly seek devices with improved performance and battery life, these advanced memory solutions cater to market demands, spurring the Next Generation Memory Market’s growth. With the rise of data-driven industries, there’s a pressing need for advanced storage solutions capable of handling massive data volumes. Next-generation memory technologies like ReRAM and IPCM provide the required high-density storage solutions, supporting the rapid data growth seen in sectors such as cloud computing and big data analytics.

AI applications demand rapid data processing and large memory storage, making next-generation memory technologies indispensable. These memory types offer high speed and reliability, essential for supporting AI algorithms and machine learning applications, driving significant interest and investment in this market.

Energy efficiency is a critical factor as industries shift towards sustainable practices. Next-generation memory solutions consume less power, which is beneficial for portable consumer electronics and large data centers alike. This energy efficiency aligns with the global push for sustainable technologies, contributing to market growth. Modern devices are becoming smaller and more complex, necessitating memory solutions that can fit into compact spaces without sacrificing performance. Next-generation memory solutions enable high data density within a small footprint, aligning with industry needs for miniaturized electronic components.

Edge computing, which processes data closer to its source, requires quick and reliable memory to ensure real-time processing. Next-generation memory solutions are crucial in this regard, as they offer the speed and durability needed to support edge computing applications, driving market growth. High-bandwidth memory solutions are essential for data-intensive applications such as 3D rendering and data analytics. Next-generation memory solutions provide the necessary bandwidth to handle these applications efficiently, positioning them as valuable assets across various industries.

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NEXT GENERATION MEMORY MARKET SHARE:

Global Next Generation Memory key players include Intel, Micron Technology, Panasonic, etc. Global top three manufacturers hold a share of about 40%.

The United States is the largest market, with a share over 30%, followed by Europe and Japan, with a share of about 40 percent.

In terms of product, PCM is the largest segment, with a share of about 45%. And in terms of application, the largest application is Consumer Electronics, followed by Enterprise Storage, Automotive and Transportation, Military and Aerospace, Telecommunications, etc.

Key Companies:

Cypress SemiconductorFujitsu LimitedEverSpinROHM SemiconductorAdesto TechnologiesCrossbarMicron TechnologyIntelPanasonic

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Next Generation Volatile Memory Market

–  Next Generation Non Volatile Memory Market

–  Small Language Model market was valued at USD 5180 Million in 2023 and is anticipated to reach USD 17180 Million by 2030, witnessing a CAGR of 17.8% during the forecast period 2024-2030.

–  High Bandwidth Memory (HBM) market is projected to grow from USD 1256.5 Million in 2024 to USD 4902.4 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 25.5% during the forecast period.

–  AI Content Generation market was valued at USD 1108 Million in 2023 and is anticipated to reach USD 5958 Million by 2030, witnessing a CAGR of 27.3% during the forecast period 2024-2030.

–  Next Generation Memory Product Market

–  Next Generation Computing Market

–  Next-Generation Firewall (NGFW) Solutions Market

–  Gallium Arsenide Next Generation Semiconductor market is projected to grow from USD 13630 Million in 2024 to USD 25220 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period.

–  Next Generation In-Vehicle Networking (IVN) Market

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Technology

PayrollOrg’s Chapter Leadership Summit to Equip Payroll Chapter Leaders with Tools for Success

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November 7, 2024

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LAS VEGAS, Nov. 7, 2024 /PRNewswire/ — PayrollOrg (PAYO) will provide local chapter leaders with the essential tools and guidance they need to ensure the ongoing success of their chapters at the Chapter Leadership Summit, November 7 – 8 in Las Vegas, Nevada.

“Supporting our chapter leaders is crucial to the growth and sustainability of local chapters,” said Dan Maddux, executive director of PayrollOrg. “The Chapter Leadership Summit is designed to not only provide practical tools and strategies but also foster a strong network of motivated leaders who can inspire their teams and communities.”

Participants will have the unique opportunity to connect with fellow leaders, exchange ideas, and develop strategies to motivate their chapter members. Tailored educational sessions will offer specialized training on critical topics such as fiscal responsibility, general chapter operations, and event planning. These sessions will be led by guest speakers with expertise in chapter management and leadership development.

The conference will be held at MEET Las Vegas in downtown Las Vegas. Visit PAYO online to view the full conference agenda. The event is sponsored by Wisely by ADP.

PayrollOrg is the leader in payroll education, publications, and training. Visit PAYO online at www.payroll.org.

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SOURCE PayrollOrg

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Technology

New features revealed for PaperCut Hive cloud print management solution

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November 7, 2024

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Groundbreaking enhancements improve print management with intelligent job routing, advanced security protocols, low-touch onboarding, and cost-tracking tools, redefining industry standards.

PORTLAND, Ore., Nov. 7, 2024 /PRNewswire/ — PaperCut Software, a global leader in print management solutions, announces the latest feature upgrades to PaperCut Hive, its cloud-native print management solution. This release, including intelligent print job routing, advanced security with SSO and MFA, and comprehensive print cost tracking, empowers organizations to streamline printing while enhancing security and efficiency across all user levels.

With innovations such as “Autopilot” intelligent print job routing, customizable print delivery profiles, and SAML-based Single Sign-On (SSO) with Multi-Factor Authentication (MFA), PaperCut Hive is now more adaptable than ever. The updates aim to make secure, efficient printing accessible for businesses of all sizes, providing admins with greater control and flexibility over their printing infrastructure.

“PaperCut Hive’s latest features redefine what’s possible in cloud-native print management,” said Keith O’Brien, Head of Cloud Products at PaperCut. “We’ve developed tools that give admins unprecedented control over print routing and security while delivering an intuitive, low-touch experience for end users. By simplifying onboarding and reducing the burden on IT, PaperCut Hive continues to bring scalable, secure print management to organizations of all sizes.”

Key enhancements include the following:

Autopilot Intelligent Routing: The new Autopilot feature selects optimal print nodes automatically, ensuring efficient print delivery in any network environment.Advanced Print Delivery Profiles: Allows IT administrators to customize print job routing based on unique organizational needs, optimizing efficiency.Enhanced Security with SAML SSO and MFA: Provides secure, unified access for admins and end users, integrating seamlessly with existing enterprise systems.Comprehensive Cost Tracking: New financial tools give visibility over print and copy expenses, promoting accountability and encouraging cost-saving measures.Intuitive, Self-Serve User Onboarding: Low-touch onboarding lets end users set up their devices independently, freeing up IT resources.

This release also includes expanded support for major printer brands with new Kyocera and Lexmark apps, ensuring compatibility with a broader range of devices and simplifying the setup for organizations of any size.

 

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SOURCE PaperCut Software

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Acclime enters strategic partnership with Danish Industry

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November 7, 2024

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SINGAPORE, HONG KONG and COPENHAGEN, Denmark, Nov. 8, 2024 /PRNewswire/ — Acclime, providing businesses with corporate, governance, and advisory services throughout Asia and major markets, announces today that it has entered a strategic partnership with Danish Industry (DI) to provide high-end corporate and professional services to the members of DI in the markets where Acclime operates.

DI is a private business and employers’ organisation representing more than 20,000 member companies in Denmark, making it the country’s largest commercial association. DI helps its members transform global opportunities into business successes, with 1,200 employees dedicated to the task in Copenhagen, Brussels, Mumbai, Chennai, New York, Shanghai, Berlin, Nairobi and Seoul. There are also associated partner offices in Australia, Brazil and Mexico.

In the partnership agreement between DI and Acclime today, DI’s operations in Shanghai will become an integral part of the Acclime Group in line with DI’s strategy of expanding its presence across the Asia-Pacific region to greater service Danish and other Scandinavian businesses.

Acclime has operational centres in 14 markets across the Asia-Pacific region. Its Greater China reach includes offices in Beijing, Shanghai, Shenzhen, Guangzhou and Hong Kong. Acclime boasts more than 1,400 professionals working to provide its 16,000+ clients with advisory, market entry, business compliance, accounting, tax, payroll and legal solutions. This positions Acclime as the ideal service provider for DI’s members as they seek to expand their Asian presence.

Mr. Izzy Silva, CEO of Acclime, commented: “We welcome this partnership as it clearly increases our reach and forms a strong link to businesses across Scandinavia wishing to expand operations in Asia. We look forward to introducing our services to DI’s existing clients and new members who are looking east.”

DI’s Deputy CEO, Mr. Thomas Bustrup, added: “I was in Shanghai at the beginning of DI’s operations there in 2003 and have seen how the team have expertly assisted Danish companies with their China expansions. Bringing in Acclime’s expertise and strength allows us to become a better part of our members’ full expansion journey across the entire Asia-Pacific region. This has long been a dream of ours, and we are excited to see this new potential.”

Managing Director of DI Asia Base in Shanghai, Mr Glen Mikkelsen, and his team of 20 professional staff will transfer with the business across to Acclime China. A comprehensive program of marketing outreach activities is planned to the DI membership base to inform them of the new services and markets available via this strategic partnership with Acclime.

About Acclime

Acclime provides businesses with corporate, governance, and advisory services. It operates in 14 countries, employing over 1,400 dedicated professionals. The firm provides a comprehensive range of professional services and business advisory to help businesses navigate complex regulatory environments and achieve their goals at all stages of the business life cycle.

About Danish Industry

Danish Industry (DI) is Denmark’s largest, most representative and most influential business and employers’ organisation, covering manufacturing as well as service industries across sectors such as transport, energy, IT, health, trade and professional services. DI helps Danish companies every day in their efforts to win in international markets and turn global opportunities into successful businesses – locally, nationally and internationally.

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SOURCE Acclime

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