How big is the Next Generation Memory Market?

The Next Generation Memory Market size is expected to reach USD 6.96 billion in 2024 and grow at a CAGR of 28.90% to reach USD 24.76 billion by 2029. Read More

What is the current Next Generation Memory Market size?

In 2024, the Next Generation Memory Market size is expected to reach USD 6.96 billion. Read More

Who are the key players in Next Generation Memory Market?

Intel Corporation, Toshiba Corporation, Fujitsu Ltd, Honeywell International Inc. and Micron Technology Inc. are the major companies operating in the Next Generation Memory Market. Read More

Which is the fastest growing region in Next Generation Memory Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Next Generation Memory Market?

In 2024, the North America accounts for the largest market share in Next Generation Memory Market. Read More

What years does this Next Generation Memory Market cover, and what was the market size in 2023?

In 2023, the Next Generation Memory Market size was estimated at USD 5.40 billion. The report covers the Next Generation Memory Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Next Generation Memory Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Next-Generation Memory Market - Research & Analysis

Next-Generation Memory Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Next Generation Memory Market Size & Trends. The market is segmented by Technology (Volatile and Non-Volatile), Application (BFSI, Consumer Electronics, Government, Telecommunications, and Information Technology), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Next Generation Memory Industry Overview

The Next-Generation Memory Market is fragmented, as the market is highly competitive and consists of several major players. The competitive rivalry in this industry primarily depends on sustainable competitive advantage through innovation, levels of market penetration, and the power of competitive strategy. Since the market is capital-intensive, the barriers to exit are also high. Some of the key players in the market are Intel Corporation, Toshiba Corporation, Fujitsu Ltd., etc.

July 2023: Samsung Electronics has announced the successful development of the groundbreaking Graphics Double Data Rate 7 (GDDR7) DRAM. This remarkable achievement will primarily focus on validating its effectiveness in next-generation systems for selected customers this year. Such a development is expected to contribute significantly to the growth of the graphics market and further establish Samsung's position as a leading innovator in this field. Notably, Samsung's GDDR7 exhibits an impressive bandwidth of 1.5 terabytes per second (TBps), surpassing the performance of GDDR6 by 1.4 times, and offers an enhanced speed per pin of up to 32 Gbps.
May 2023: Micron Technology has announced its intention to invest up to JPY 500 billion (USD 3.6 billion) in Japan over the next few years, with the support of the Japanese government to rise its business in next-generation memory chips. This strategic move reflects the Japanese government's determination to revitalize its semiconductor industry and enhance the country's chip supply chain. It also aligns with their efforts to introduce advanced chip technology to Japan, particularly in light of the growing tensions between the United States and China.