Next-Generation Memory Market Share

  • Report ID: 3724
  • Published Date: Oct 09, 2023
  • Report Format: PDF, PPT

Next-Generation Memory Market Share

North American Market Forecast

North America next generation memory market is anticipated to account for 35% of the revenue share during the forecast period. 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 Statistics

The Asia Pacific region is anticipated to hold about 28% share of the global next generation memory market during the forecast period. 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.

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Author Credits:  Abhishek Verma

  • Report ID: 3724
  • Published Date: Oct 09, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising demand for universal memory devices, along with the growing adoption of AI, IoT, BIG DATA and others are the major factors driving the growth of the next generation memory market.

The market size of next generation memory is anticipated to attain a CAGR of 28% over the forecast period, i.e., 2024-2036.

The major players in the market are Honeywell International Inc., Micron Technology, Inc., Samsung Electronics Co., Ltd, SK Hynix, Inc., Everspin Technologies, Inc., Nanya Technology Corporation, Kingston Technology Corporation, and others.

The non-volatile segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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