Bloomberg: Next Gen Memory Market Expected To Reach $25B by 2030. Are You Spending On The Right Emerging Tech?

Rising demand for enterprise storage with high performance and extreme scalability are huge factors driving the Next-Generation Memory Market. Read some key takeaways below:

(Bloomberg Press Release, August 23, 2022)

Next-Generation Memory Market size worth $ 25.38 Billion, Globally, by 2030 at 26.19% CAGR: Verified Market Research®

• Rising demand for business storage applications, the necessity for low power consumption, and high bandwidth and highly accessible memory devices are some important factors driving the Next-Generation Memory Market.
  
• The Next-Generation Memory Market size was valued at USD 4.37 Billion in 2021 and is projected to reach USD 25.38 Billion by 2030, growing at a CAGR of 26.19% from 2022 to 2030.
  
• Data centers are now required to analyze and store more information than ever, owing to emerging technologies such as artificial intelligence (AI), big data, and the internet of things (IoT). These data centers require a large amount of next-generation memory devices to perform at better speed with high efficiency to yield better results. To fulfill the demand of this data-driven digital world, the need for these kinds of memory devices has grown immensely.

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Read the full report here.