Lucintel’s latest market report analyzed that next generation memory technology provides attractive opportunities in the mobile phone, mass storage, industrial, consumer electronic, aerospace & defense, and smart card markets. The next generation memory technology market is expected to reach $22.3 billion by 2028 with a CAGR of 30.1%. In this market, non-volatile next generation memory technologies is the largest segment by type, whereas consumer electronics is largest by application.
Based on type, the next generation memory technology market is segmented into non-volatile next generation memory technologies and volatile next generation memory technologies. The non-volatile next generation memory technologies segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing penetration of internet of things, growing trend of smart nation applications, and rising demand for huge data storage in digital countries so as to enhance society’s lifestyle and businesses.
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The Next Generation Memory Technology Market is marked by the presence of several big and small players. Some of the prominent players offering next generation memory technology include Adesto Technologies, IBM, Samsung Electronics, SK Hynix, Toshiba Corporation, Micron Technology, SanDisk Corporation, Fujitsu, and Infineon Technologies.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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