Just over three years ago, the average smartphone had a NAND flash storage worth 43 GB. According to global estimates, this will increase to 142 GB in 2021. In fact, the NAND flash memory market is expected to see a CAGR of 11.27% during the 2020 – 2025 period.
But why are so many companies adopting the NAND flash storage?
What is NAND flash storage?
NAND is a type of storage that uses floating-gate transistors to manage and store memory when there is no power source. It’s a type of flash memory that is erasable and programmable.
The evolution to 3D NAND
Typical NAND flash storage is 2D. They have a limitation in terms of how much information can be stored in the flash memory. The 3D NAND was designed and developed in order to overcome this problem.
The 3D NAND – in its simplest form – is actually a stack of multiple 2D NAND’s. As the bit density in the 3D NAND increases, you’re able to store massive amounts of information. The 3D NAND also enables companies to process large quantities of information at a very fast pace. This was something that wasn’t possible with the 2D NAND.
With artificial intelligence and machine learning becoming an integral part of today’s technology landscape, having something as fast and powerful as the 3D NAND is extremely beneficial.
Helping companies fulfill customer demand
One of the primary reasons for the increased adoption of NAND flash storage by companies is the rise in demand for products and services.
You see, NAND flash memory is an integral component in today’s demand-supply process. With the Internet of Things taking center stage, companies now have access to mammoth quantities of data. But to really make sense of this data and use it to gain competitive advantage, companies need the technical support offered by 3D NAND flash storage.
NAND flash memory is used by SSDs – which are integral components in data centers. These SSDs power the company’s edge computing capabilities. With the help of NAND storage, companies can action the data they collect from multiple touchpoints and quickly provide relevant solutions to facilitate conversions and demand fulfillment. With the market getting extremely competitive, there is a higher demand for NAND-powered enterprise-level SSDs.
This demand has been further increased by the Covid-19 pandemic, which has increased the demand for laptops and other home computing devices, which are also used by enterprise-level SSDs. With many companies supplying work-from-home equipment to their staff, the demand for and use of NAND flash storage will continue to grow.