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Global Next-Generation Memory Market to Grow with a CAGR of 27.85% During 2021-2030; Market to Witness Growth on Account of Growing Demand for Advanced Computing

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Research Nester published a report titled Next-Generation Memory Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global next-generation memory market in terms of market segmentation by technology, storage type, size, end-use industry, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

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 segmented by storage type into mass storage, embedded storage, and others, out of which, the mass storage segment is anticipated to garner the largest revenue of USD 18327.4 Million by the end of 2030. Moreover, in the year 2020, the segment garnered a revenue of USD 1788.7 Million.

The global next-generation memory market is estimated to garner a revenue of USD 30069.1 Million by the end of 2030, up from a revenue of USD 2885.4 Million in the year 2020. Increasing advancements towards the development of advanced storage systems, backed by the surge in computing technologies, and the growing adoption of computers worldwide, followed by the rising demand for universal memory devices, are some of the major factors projected to drive the growth of the market in the coming years.

By region, the global next-generation memory market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Out of these, the market in the Asia Pacific is anticipated to garner the largest revenue of USD 17849.0 Million by the end of 2030, up from a revenue of USD 1674.1 Million in the year 2020. Rising demand for advanced computing devices, especially in countries, such as China, India, and Japan, is one of the major factors anticipated to drive the market growth in the coming years.

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.

Surge in Sales of Computing Devices to Boost the Market Growth

By the year 2025, the shipment of laptops around the globe is expected to touch about 270 Million units, up from over 160 Million units in the year 2016. Moreover, in the year 2020, the yearly unit sales of smartphone globally to the end-users reached close to 1.40 Billion.

With the increasing advancements in computing technology, there is a growing need amongst the manufacturers of computing products, such as laptops, desktop PCs, smartphones, and tablet among others, for memory devices which can help to enhance the user experience of the computer users. The next-generation memory devices are equipped with high data transfer speeds, and hence they are widely used in data servers, cloud computing, and even in cryptocurrency mining. Such factors are therefore anticipated to drive the growth of the market in the coming years.

However, the lack of stability of next-generation memory devices is expected to operate as key restraint to the growth of global next-generation memory market over the forecast period.

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 encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global next-generation memory market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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