The market for nano-enabled memory will expand to $7 billion in 2010, up from $1.4 billion in 2008, according to a report from NanoMarkets, an industry analyst firm.

As current memory solutions reach their limits in terms of both scaling and speed and capacity requirements of next-generation mobile communications, nano-enabled memory solutions will become increasingly important commercially.

The report, "Nano-enabled Memory and Storage, 2006 & Beyond," examines how and where these new memory solutions will be deployed in the coming years, and which technologies and applications will be the most successful

By 2010, NanoMarkets predicts that four key segments will have emerged in the nano-enabled memory market: MRAM, Ovonic, Holographic, and Nanocrystalline. The report predicts 2010 as a breakout year for nanomemory, because at that time, conventional solutions will simply be unable to scale further or provide the memory requirements needed for ubiquitous computing.