Next Generation Memory Market Regional Analysis:
North American Market Insights
North America is estimated to capture over 35% next generation memory market share by 2035. Early adoption of the next generation technologies and infrastructure has been led by the Northern America region. In the United States, IT is an important driver of economic growth. More effective processing systems need to be developed in order to cope with the rapid evolution of technologies and a growing volume of data across sectors in the North America region. The US technology market makes up 35% of the world's overall economy. In 2023, the USA’s tech sector is projected to grow by 5.4%. The US has more than 585,000 tech companies.
APAC Market Insights
Asia Pacific region is anticipated to capture around 28% next generation memory market share by the end of 2035. The region is expected to grow strongly as a result of major consumer electronics adoption in this area, especially smartphones, tablets, and laptops. According to a report, by 2021, mobile phone usage in Asia Pacific will be 74% and is expected to increase to 84% over the next decade. Moreover, in the same year, it is expected that 62% of mobile subscribers will be present.
