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Nand Flash Market size is set to grow by USD 18.8 billion from 2024-2028, Rising demand for nand flash in automotive industry boost the market, Technavio

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NEW YORK, June 10, 2024 /PRNewswire/ — The global nand flash market size is estimated to grow by USD 18.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.02%  during the forecast period. Rising demand for nand flash in automotive industry is driving market growth, with a trend towards proliferation of cloud computing services. However, fluctuations in demand and supply  poses a challenge. Key market players include ADATA Technology Co. Ltd., Berkshire Hathaway Inc., Flexxon Pte Ltd., Greenliant Systems, Hyperstone GmbH, Infineon Technologies AG, Innodisk Corp., Kingston Technology Co. Inc., Kioxia Corp., Macronix International Co. Ltd., Micron Technology Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Semiconductor Manufacturing International Corp., Shenzhen Longsys Electronics Co. Ltd., Silicon Motion Technology Corp., SK hynix Co. Ltd., Toshiba Corp., Transcend Information Inc., and UDISYS Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Nand Flash Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.02%

Market growth 2024-2028

USD 18.8 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.73

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 60%

Key countries

China, US, Japan, South Korea, and Taiwan

Key companies profiled

ADATA Technology Co. Ltd., Berkshire Hathaway Inc., Flexxon Pte Ltd., Greenliant Systems, Hyperstone GmbH, Infineon Technologies AG, Innodisk Corp., Kingston Technology Co. Inc., Kioxia Corp., Macronix International Co. Ltd., Micron Technology Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Semiconductor Manufacturing International Corp., Shenzhen Longsys Electronics Co. Ltd., Silicon Motion Technology Corp., SK hynix Co. Ltd., Toshiba Corp., Transcend Information Inc., and UDISYS Ltd.

Market Driver

The global NAND flash market is experiencing robust growth due to the increasing adoption of cloud computing services. Cloud providers demand fast data access, low latency, and high reliability for their users, making NAND flash an ideal choice for powering their storage infrastructure.

The expanding scale of cloud data centers, driven by SaaS, PaaS, and IaaS solutions, necessitates vast storage capacity. NAND flash enables high-density storage arrays with fast read/write speeds, improving overall performance and efficiency. The shift towards SSD-based storage solutions further underscores NAND flash’s importance in cloud computing services. 

The Nand Flash market is currently experiencing significant growth due to increasing demand for solid-state drives and mobile devices. Devices with higher capacities and faster read-write speeds are in high demand. The market is competitive with various players offering different product ranges. Producers are focusing on cost reduction and improving production efficiency.

New technologies like 3D Nand Flash and TLC (Triple-Level Cell) Nand Flash are gaining popularity. The market is expected to continue its upward trend in the coming years. Companies are investing in research and development to enhance performance and capacity. The use of Nand Flash in automotive and industrial applications is also on the rise. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The NAND flash market experiences a significant demand-supply gap due to the cyclical nature of the semiconductor industry. Factors such as fluctuating demand for consumer electronics, emerging technologies, and manufacturing process changes result in supply-demand imbalances.This volatility impacts sales and prices of products like smartphones, data centers, servers, and cloud storage devices. Manufacturers face challenges in adjusting prices without incurring losses, leading to uncertainty in NAND flash memory module pricing during the forecast period.The Nand Flash market faces several challenges in the current technological landscape. Capacity expansion and cost reduction are key concerns for manufacturers. The complex process of producing Nand Flash memory requires significant investment and advanced technology.Additionally, the increasing demand for higher storage capacities and faster data transfer rates adds to the complexity and cost. The market also faces competition from other types of memory technologies, such as Solid State Drives and DRAM. Furthermore, the need for reliability and durability in Nand Flash memory is crucial for various applications, including smartphones, laptops, and data centers. These challenges necessitate continuous innovation and improvement in Nand Flash technology to meet the evolving market demands.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Application 1.1 Smartphones1.2 SSDs1.3 Memory cards1.4 OthersType 2.1 3D NAND2.2 2D NANDTechnology 3.1 TLC3.2 MLC3.3 SLCGeography 4.1 APAC4.2 North America4.3 Europe4.4 South America4.5 Middle East and Africa

1.1 Smartphones-  The global NAND flash market is experiencing growth due to the increasing number of smartphone users and the availability of high-speed Internet connectivity. Social media applications, such as Facebook, WhatsApp, and Instagram, are driving the demand for high-capacity memory modules to store data. The trend of using high-resolution camera modules in smartphones and the adoption of 4G and 5G networks are also contributing factors. Technavio anticipates smartphone manufacturers to integrate multiple-lens camera systems, leading to an increased demand for smartphones with high-capacity memory modules.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The NAND flash market is currently experiencing high demand due to the increasing reliance on consumer electronics such as tablets and cameras. This trend is driven by technological advancements and the need for high-density storage solutions. NAND Flash memory, a type of semiconductor memory, is a key component in these devices. The industry chain includes chip makers, equipment manufacturers, and memory packaging facilities.

The production capacity utilization of NAND manufacturers is low due to the high demand, leading to a supply crunch in the market. TrendForce reports that 3D NAND technology is gaining popularity in the market due to its ability to provide higher storage density and lower power consumption. Modern consumers’ increasing demand for larger storage capacities in their devices is further fueling the growth of the NAND flash market.

Market Research Overview

The Nand Flash market refers to the industry that produces and supplies Nand Flash memory, a type of non-volatile memory used in various electronic devices. Nand Flash memory is known for its high storage density and affordability, making it a popular choice for use in smartphones, tablets, and other portable devices. The market for Nand Flash memory is driven by the increasing demand for digital storage and the proliferation of electronic devices.

The market is also influenced by technological advancements, such as the development of 3D Nand Flash technology, which allows for higher storage capacity and improved performance. The Nand Flash market is expected to continue growing due to the increasing adoption of digital technologies and the rising demand for data storage.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationSmartphonesSSDsMemory CardsOthersType3D NAND2D NANDTechnologyTLCMLCSLCGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Safetyfirst Systems, LLC Provides Notice of Data Security Event

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PARSIPPANY, N.J., July 23, 2026 /PRNewswire/ — Safetyfirst Systems, LLC (“SFS”) is providing notice of a data security event that may involve information relating to certain individuals. While SFS is not aware of any misuse of information associated with this event, it is providing notice to potentially affected individuals out of an abundance of caution.

On January 19, 2026, SFS identified suspicious activity involving a limited portion of its server environment. Upon discovering the activity, SFS quickly took steps to secure its systems, notified federal law enforcement, engaged leading third-party forensic specialists, and performed a detailed investigation into the nature, scope, and impact of the activity. The investigation determined that an unauthorized actor accessed and/or acquired certain files from limited SFS systems between January 16, 2026, and January 19, 2026. SFS then conducted a comprehensive review of the affected files to determine what information may have been involved and identify the individuals to whom the information relates. The review has recently concluded, and SFS is providing this notification to potentially impacted individuals out of an abundance of caution. Although the types of information vary by individual, the affected information may include names, Social Security numbers, and driver’s license numbers.

Protecting the privacy and security of the information entrusted to SFS is a responsibility the company takes very seriously. In response to this event, SFS promptly strengthened security measures, continues to enhance its technical safeguards and monitoring capabilities, and is reviewing existing policies and procedures to further protect against similar incidents in the future. SFS is also providing notice to potentially affected individuals and, where required, appropriate regulatory authorities.

Although SFS is unaware of any misuse of personal information impacted by this event, individuals are encouraged to remain vigilant against events of identity theft by reviewing account statements, explanation of benefits, and monitoring free credit reports for suspicious activity and to detect errors. Any suspicious activity should be reported to the appropriate insurance company, health care provider, or financial institution.

Individuals seeking additional information regarding this event can contact SFS’s dedicated assistance line at 1-833-289-5523 between the hours of 7:00 a.m. to 7:00 p.m. Eastern time, Monday through Friday, excluding holidays. Individuals may also write to SFS at PO Box 101, 3299 US Highway 46, Parsippany, NJ 07054-9998.

 

View original content:https://www.prnewswire.com/news-releases/safetyfirst-systems-llc-provides-notice-of-data-security-event-302831894.html

SOURCE Safetyfirst Systems, LLC

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Sunrate and Mastercard Release White Paper on Agentic AI and the Future of B2B Global Payments

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SHANGHAI, July 24, 2026 /PRNewswire/ — Sunrate, the global payment and treasury management platform, and Mastercard, a global technology company in the payments industry, unveiled a joint white paper, Beyond Automation: Defining Agentic Global Payments, at the 2026 World Artificial Intelligence Conference (WAIC).

Among the first reports in the payments industry to examine the impact of Agentic AI on B2B cross-border payments, the white paper provides a comprehensive framework for understanding how AI agents are reshaping enterprise payment operations. It proposes that cross-border payments are evolving beyond digitisation and automation into a new stage: Autonomy—where AI agents with reasoning, planning, and execution capabilities can independently orchestrate and optimise end-to-end payment and treasury workflows within defined governance frameworks.

As businesses expand across borders, B2B cross-border payments continue to be constrained by fragmented workflows, disconnected systems, foreign exchange inefficiencies, rising compliance requirements, and complex reconciliation processes. While traditional automation improves individual tasks, the white paper demonstrates that Agentic AI represents a fundamental shift by enabling intelligent agents to coordinate entire payment journeys across systems, counterparties, and approval workflows.

Drawing on Sunrate’s global payment infrastructure and AI-native product capabilities, together with Mastercard’s expertise in secure payment networks and data intelligence, the white paper defines Agentic Global Payments — a new category of AI-native global payment infrastructure built to automate and manage complex enterprise workflows.

The report identifies 16 major pain points across the B2B payment lifecycle and outlines 13 high-value AI use cases spanning supplier onboarding, accounts payable and receivable, virtual commercial cards, payment routing, foreign exchange management, compliance screening, fraud detection, reconciliation, and conversational operational support. It also demonstrates how AI agents can automate complex workflows—from extracting information across multiple document formats and conducting compliance checks to initiating payments, optimising FX execution, and completing reconciliation—while operating within enterprise governance and control frameworks.

The white paper further highlights that trusted adoption of agentic payments depends on more than technological capability. It identifies governance, transparency, security, and ecosystem collaboration as essential foundations for enterprise deployment, supported by frameworks such as Know Your Agent (KYA), payment tokenisation, auditability, and cross-industry interoperability.

Sunrate.AI portfolio currently includes the Payment Agent, FX Agent, Compliance Agent, Onboarding Agent, and Chat Agent, designed to help enterprises automate and optimise critical payment and treasury processes while maintaining compliance and operational control.

Mastercard has also been actively building the foundations for trusted agentic commerce – combining AI capabilities with verifiable authorisation, clear accountability and proven payments security. Its work in this area, including Agent Pay (alongside Agent Pay for Machines) and Verifiable Intent, are proof points in how Mastercard is enabling AI to participate in commerce safely and transparently. 

“Our mission is to make global payments seamless, compliant, and intelligent,” said Paul Meng, Co-founder and CEO of Sunrate. “As businesses continue expanding internationally, AI agents will fundamentally reshape how enterprises manage global payments—enabling smoother capital flows, reducing operational friction, and embedding real-time intelligence into every payment decision. This white paper represents an important step in helping the industry understand how Agentic AI can be deployed responsibly at enterprise scale.”

“Agentic commerce is changing how businesses make and execute payment decisions, but speed without accountability creates new categories of risk,” said Anouska Ladds, Executive Vice President, Commercial & New Payment Flows, Asia Pacific, Mastercard. “As AI starts to act on behalf of businesses, autonomous payment decisions need a clear, auditable chain of identity, intent and action. That’s what allows organisations to delegate with genuine confidence — and what will determine whether agentic commerce scales past pilots.”

Released under WAIC 2026’s theme, “Intelligent Partners, Co-creating the Future,” the white paper provides business leaders with practical guidance on adopting AI-driven payment capabilities, covering implementation approaches, governance considerations, and real-world enterprise applications.

By combining Sunrate’s expertise in global payments and treasury management with Mastercard’s trusted payment infrastructure and network capabilities, the collaboration reflects a shared commitment to accelerating the next generation of intelligent, secure, and autonomous B2B global payments.

Click here to check the white paper.

About Sunrate

Sunrate is a leading global payment and treasury management platform for businesses worldwide. Founded in 2016, Sunrate has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge infrastructure, global network, and unified solutions.

Sunrate operates through offices across key markets, including Singapore, Kuala Lumpur, Jakarta, Hong Kong, Shanghai, and London. The company partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan. Sunrate is also the principal member of Mastercard and Visa. To learn more about Sunrate, visit https://www.sunrate.com/.

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. 

www.mastercard.com

SOURCE Sunrate

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JAMS Launches AI for Enterprise Job Scheduling: JAX and JAMS MCP

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A new AI agent and an open-standard connector let IT teams query, diagnose, and manage automation in plain language, on the model they choose, with operational data able to stay onshore inside their own network

SYDNEY, July 24, 2026 /PRNewswire/ — JAMS Software, an orchestration solution for scheduled and event-driven automation, today announced the general availability of two AI capabilities for enterprise job scheduling: JAX, an AI agent built into the JAMS Web Client, and JAMS MCP, a connector built on the open Model Context Protocol standard that brings JAMS into external AI coding tools. Both capabilities ship at no additional cost as part of JAMS Web.

Automation environments grow faster than the teams that run them. Jobs multiply across SQL Server, Azure Data Factory, Airflow, SAP, JDE, and Banner, and when one fails, finding the root cause often means searching several consoles at once, frequently outside business hours. At the same time, IT leaders carry pressure to adopt AI while staying accountable for where operational data goes. JAX and JAMS MCP close both gaps together.

Full details on how JAX and JAMS MCP work, including the control model behind every action, are available at jamsscheduler.com/product/ai.

JAX is an AI agent that runs inside the JAMS Web Client. It finds jobs, troubleshoots failures, and answers how-to questions in plain language, with each response grounded in the JAMS user guide and checked against a built-in glossary. JAX acts only when a user asks it to. Reads flow freely, and every write action pauses for the user’s explicit approval before it runs. JAX does not learn between sessions, and conversations are not retained on the server.

JAMS MCP is a connector, built on the open Model Context Protocol standard, that brings JAMS into the AI tools engineering teams already use, including Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex. Users query jobs, investigate failures, and manage runs in plain language without leaving their tool.

Both capabilities run inside the customer’s own network and act as the signed-in user, with that user’s exact JAMS permissions. There is no elevated AI account: whatever a user cannot do in the JAMS interface, JAX and JAMS MCP cannot do on that user’s behalf. Every JAX and MCP operation is recorded in its own dedicated log, and changes made through the JAMS API land in the JAMS audit trail like any other change. Customers choose their own AI model, whether a commercial provider such as OpenAI or Anthropic or a model running entirely on their own hardware, and JAMS never trains on customer data. In the current release, neither feature edits or deletes a job, folder, schedule, or agent definition. For teams that need operational data to stay onshore, JAX runs on a local model entirely inside the customer’s own network, so nothing leaves at all.

“Adopting AI usually means giving something up, most often visibility into where your data goes,” said Pete Hegland, Chief Executive Officer of JAMS Software. “We built JAX and JAMS MCP so that trade does not have to happen. Every action runs as the signed-in user, every change waits for approval, and the model can run on the customer’s own hardware, keeping operational data onshore.”

“For teams across Australia, New Zealand, and Singapore, two things matter: keeping data onshore, and getting answers when a job fails after hours,” said Shayne Cooper, Account Executive for APAC at JAMS Software. “JAX and JAMS MCP address both. The model can run on the customer’s own hardware, and the answer arrives in plain language at the moment it is needed.”

JAX and JAMS MCP are available now to all JAMS Web customers across Australia, New Zealand, and Singapore, with no separate licence, SKU, or additional cost. AI-assisted creation of new jobs and workflows from a plain-language description is on the roadmap for a future release, gated by the same approvals and permissions as every other action.

Learn how JAX and JAMS MCP work at https://jamsscheduler.com/product/ai.

Fast facts

JAX is an AI agent built into the JAMS Web Client for job scheduling and workflow automation.JAMS MCP is a connector built on the open Model Context Protocol standard, for Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex.Both act as the signed-in user, with that user’s exact JAMS permissions, and there is no elevated AI account.Customers choose the AI model, including a local model that runs entirely inside their own network.JAMS never trains on customer data.Both are available now at no additional cost as part of JAMS Web.

About JAMS Software
Founded in 1987, JAMS Software is an orchestration solution that helps IT teams centralize, automate, and manage scheduled and event-driven jobs across complex, hybrid environments. Over 850 customers rely on JAMS to run their automated workloads. JAMS Software, LLC is headquartered at 108 Patriot Drive, Suite A, Middletown, DE 19709.

Media Contact
Bobby Schmidt, Vice President of Marketing
press@jamssoftware.com
800.261.4267

 

 

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SOURCE JAMS Software

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