A non-volatile memory technology based on carbon nanotubes that's poised for commercialization in 2018 is expected to be more disruptive to enterprise storage, servers and consumer electronics than flash memory, according to a new report from BCC Research.

"It is rare to see a technology catch fire after so long in development, but NRAM appears poised to do just that," said BCC research editorial director Kevin Fitzgerald. "In fact, your next smartphone could be a carbon-based lifeform."

The BCC report predicts the overall Nano RAM (NRAM) market will see a compound annual growth rate of 62.5% between 2018 and 2023, with the embedded systems market in which it will be used expected to grow from $4.7 million in 2018 to $217.6 million in 2023. That would represent a combined annual growth rate over those five years of 115.3%.

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