Global Next Generation Memory Market Forecast to Reach USD 4875.5 Million by 2030–Consumer Electronics and AI to Drive Growth | Valuates Reports | PR Newswire [Video]

, /PRNewswire/ — Next Generation Memory Market is Segmented by Type (PCM, ReRAM, MRAM, FeRAM), by Application (Consumer Electronics, Enterprise Storage, Telecommunications, Automotive and Transportation, Military and Aerospace): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Next Generation Memory market was valued at USD 1153 Million in 2023 and is anticipated to reach USD 4875.5 Million by 2030, witnessing a CAGR of 22.6% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Next Generation Memory Market:

The Next Generation Memory Market is experiencing considerable growth as industries demand high-speed, reliable, and energy-efficient memory solutions. These advanced memory technologies are crucial in data-intensive applications across sectors like consumer electronics, AI, and IoT. The flexibility and performance benefits offered by next-generation memory make it a vital component for future technological advancements, ensuring its position as a pivotal area of innovation in the electronics industry.

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TRENDS INFLUENCING THE GROWTH OF THE NEXT GENERATION MEMORY MARKET:

Phase-Change Memory (IPCM) is a significant …