Global Next-Generation Memory Market Outlook 2020-2030

Global Next-Generation Memory Market Analysis 2020-2030

The next-generation memory (NGM) is the most advanced and upgraded memory technology used across multiple industries. The global next-generation memory market is anticipated to grow with a CAGR of 27.85% over the forecast period, i.e., 2021 - 2030. Factors such as the growing need for high-speed memory devices in advanced computing devices, such as, data servers, cloud computers, and even in IoT devices, followed by the increase in adoption of emerging technologies, such as, artificial intelligence (AI), machine learning, big data, and others, are anticipated to drive the growth of the market during the forecast period. The global next-generation memory market is estimated to garner a revenue of close to USD 30070 Million by the end of 2030, up from a revenue of about USD 2890 Million in the year 2020.

The global next-generation memory market is segmented into numerous segments, which include segmentation by technology, storage type, size, end-use industry, and by region. Based on storage type, the market is segmented into mass storage, embedded storage, and others. By the end of 2030, the mass storage segment, out of all the segments, is expected to generate the largest revenue of around USD 18330 Million. Moreover, the market attained a revenue of about USD 1790 Million in the year 2020.

On the basis of region, the global next-generation memory market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in the Asia Pacific, amongst all the other regions, is anticipated to garner the largest revenue of close to USD 17850 Million by the end of 2030. Moreover, the market in the region also registered the largest revenue of over USD 1670 Million in the year 2020.

Some of the prominent industry leaders in the global next-generation memory market that are included in our report are 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.