Global Next Generation Memory Market Size & Outlook
The next generation memory industry worldwide is expected to reach a projected revenue of US$ 22,942.2 million by 2030. A compound annual growth rate of 16.6% is expected of the worldwide next generation memory industry from 2024 to 2030.
Revenue, 2023 (US$M)
$7,826.0
Forecast, 2030 (US$M)
$22,942.2
CAGR, 2024 - 2030
16.6%
Report Coverage
Worldwide
Global next generation memory market, 2017-2030 (US$M)
Related Markets
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 segmentation & 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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Global next generation memory market statistics, by region, 2017-2030 (US$M)
Top 10 countries by Next Generation Memory Market revenue, 2023 (USD Million)
Top 10 countries by Next Generation Memory Market revenue, 2023 (USD Million)
Global next generation memory market, by region, 2023 (US$M)
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