Global Next Generation Memory Market Size & Outlook
Global next generation memory market, 2017-2030 (US$M)
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Global next generation memory market highlights
- The global next generation memory market generated a revenue of USD 7,826.0 million in 2023 and is expected to reach USD 22,942.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 16.6% by 2030.
- In terms of segment, non-volatile accounted for a revenue of USD 6,143.5 million in 2023.
- Non-Volatile is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,826.0 million |
| Market revenue in 2030 | USD 22,942.2 million |
| Growth rate | 16.6% (CAGR from 2023 to 2030) |
| Largest segment | Non-volatile |
| Fastest growing segment | Non-Volatile |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Volatile, Non-Volatile |
Other key industry trends
- In terms of revenue, the North America accounted for 26.9% of the global next generation memory market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 50.5 million by 2030.
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Next Generation Memory Market Scope
Next Generation Memory Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global next generation memory market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to next generation memory market will help companies and investors design strategic landscapes.
Non-volatile was the largest segment with a revenue share of 78.5% in 2023. Horizon Databook has segmented the Global next generation memory market based on volatile, non-volatile covering the revenue growth of each sub-segment from 2017 to 2030.
- Next generation memories are used across a host of end-use industries, which is expected to fuel market growth over the next few years. Demand in mobile phones is expected to continue increasing through the forecast period.
- They are used for various purposes in the automotive industry such as satellite radio, voice recognition, 3D mapping, and multimedia applications. Increasing luxury and safety features in automobiles require a highly efficient memory solution, which is expected to boost the next generation memory market demand.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global next generation memory market , including forecasts for subscribers. This global databook contains high-level insights into Global next generation memory market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Top 10 countries: Next generation memory market size, 2023 (US$M)
Global next generation memory market share, by technology, 2023 & 2030 (%, US$M)
Next generation memory market: Opportunity assessment by country
Global next generation memory market, by region, 2023 (US$M)
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