Next-Generation Memory Market Projected to Grow with a CAGR of 27.85% During 2021-2030

Research Nester has released a report titled Next-Generation Memory Market: Global Demand Analysis & Opportunity Outlook 2030which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.

Globally, the yearly unit sales of smartphone in the year 2020 reached around 1.40 Billion. On the other hand, in the year 2016, the shipment of laptops worldwide registered to be over 160 Million units, which is further expected to touch around 270 Million units by the end of 2025.

The statistics portray the growing sales of computing devices around the globe, which is expected to drive the demand for next-generation memory devices. The modern-day memory devices are equipped to transfer data at high speeds, and hence, these memory solutions are widely being adopted in areas of advanced computing, such as data servers, cloud computers, and even in IoT devices. Moreover, with the growing adoption of emerging technologies, such as, artificial intelligence (AI), machine learning, big data, and others, there is an increasing need to deploy advanced computing systems which can handle data at high speeds. Such factors are therefore expected to drive the market growth in the coming years.

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The global next-generation memory market is anticipated to grow with a CAGR of 27.85% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 30069.1 Million by the end of 2030. Moreover, in the year 2020, the market generated a revenue of USD 2885.4 Million. The market is segmented by storage type into mass storage, embedded storage, and others. Amongst these, the mass storage segment is anticipated to garner the largest revenue of USD 18327.4 Million by the end of 2030, up from a revenue of USD 1788.7 Million in the year 2020.

Geographically, the global next-generation memory market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Amongst these, the market in the Asia Pacific is anticipated to garner the largest revenue of USD 17849.0 Million by the end of 2030. Moreover, the market in the region registered a revenue of USD 1674.1 Million in the year 2020.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

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However, the lack of stability of next-generation memory devices is one of the major factors predicted to hinder the market growth.

This report also provides the existing competitive scenario of some of the key players of the global next-generation memory market, which includes company profiling of Samsung Electronics Co., Ltd., Micron Technology, Inc., Cypress Semiconductor Corporation, Everspin Technologies Inc., NXP Semiconductors, KIOXIA Corporation, Intel Corporation, Avalanche Technology, IBM Corporation, Fujitsu Limited, Western Digital Corporation, CrossBar, Inc., SK HYNIX INC., and others.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Next-Generation Memory Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global next-generation memory industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global next-generation memory market in the near future.

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