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Global Next-Generation Memory Market is expected to foresee significant growth. APAC to lead the growth!

The introduction of new technologies and improvements in the field of storage devices are next-generation memory. They come with significant hardware and software upgrades for storage devices. Next-generation memories are introduced in response to the growing demand for quicker, more cost-effective memory technology.

The growing adoption of the next-generation memory market is mainly attributed to the growing demand for enterprise storage applications. Furthermore, the growing prominence of low power consumption and a highly scalable memory device for technologies such as AI, IoT, and Big Data. For instance, according to Botco.ai, 40% of businesses increased their budgets for chatbots and intelligent virtual assistants in 2021.

The Next-Generation Memory Market is expected to grow at a steady rate of around 26% owing to the increasing demand for consumer electronics around the world. For instance, according to bankmycell there are around 6.6 billion active smartphones around the world.

 For a detailed analysis of the Global Next-Generation Memory Market browse through- https://univdatos.com/report/next-generation-memory-market/

 On the basis of application, the market is classified into BFSI, consumer electronics, government, telecommunications, information technology, and other application. The consumer electronics segment is expected to grow with a significant CAGR during the forecast period. Consumer electronics include devices such as mobile phones, smartphones, laptops, iPods, tablets, and others. The growing prominence of consumer electronics is expected to drive the market during the forecast period. For instance, according to gsma, in 2021, the global number of active mobile internet subscribers reached 4.2 billion.

On the basis of wafer size, the market is categorized into 200mm, 300mm, and 450mm. The 300 mm wafer size is anticipated to achieve a greater CAGR during the forecast period. 300mm wafer size is the most common wafer size of silicon Ic’s. Bigger wafers have a larger capacity to hold more microchips. That results in ensuring 2% -4% lower cost per/cm. These factors are expected to drive the market during the forecast period.

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For a better understanding of the market adoption of the next- generation memory industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Asia Pacific Region is expected to lead the next-generation memory market during the forecast period. The growing adoption in the region is mainly attributed to the growing prominence of consumer electronics/smart devices in the countries like China and India. Furthermore, the increasing numbers of Chinese semiconductor manufacturers are expected to drive the market during the forecast period. For instance, according to the world’s top exports, China was the world’s largest smartphone exporter in the year 2021. Moreover, the growing investments and technological advancements in countries like Vietnam and South Korea are expected to drive the market in the region.

Some of the major players operating in the market include Avalanche Technology, Crossbar Inc, Infineon Technologies AG, Intel Corporation, Micron Technology Inc, Nantero Inc., SAMSUNG, SK HYNIX INC, and Spin Memory Inc.


Global Next-Generation Memory Market Segmentation


Market Insight, by Type

• Non-Volatile
• Volatile


Market Insight, by Wafer Size

  • 200 MM      
  • 300 MM
  • 450 MM


Market Insight, by Application

• BFSI
• Consumer electronics
• Government
• Telecommunication
• Information technology
• Application


Market Insight, by Region

  • North America
    •  The U.S
    •  Canada
    •  Rest of North America
  • Europe
    • Germany
    • The United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Rest of the World


Top Company Profiles

  • Avalanche Technology
  • Crossbar Inc
  • Fujitsu
  • Infineon Technologies AG
  • Intel Corporation
  • Micron Technology Inc
  • Nantero Inc
  • SAMSUNG
  • SK HYNIX INC
  • Spin Memory Inc

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