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DRAM Market Sales, Trend, Revenue, Region, Application and Forecast to 2027
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DRAM Market Scenario:
The global dynamic random access memory (DRAM) market is expected to demonstrate a CAGR of 8.1% and reach USD 76.4 Bn by the end of the forecast period of 2018-2023, reveals Market Research Future (MRFR) in a comprehensive research report.
Rapid technological advancements have prompted the adoption of DRAM Market across servers and various devices to ensure smooth operational execution. Digitization in various sectors has been responsible for the diversification of the DRAM market since they accelerate the performance of personal computers, servers, and others.
The proliferation of smartphones and mobile devices is accounted to be one of the primary drivers for the growth of the global DRAM market. High penetration of smartphones, tablets, and smart wearable which invariably make use of DRAM to accommodate advanced features generate high demand for DRAM among manufacturers.
The emergence of augmented reality, virtual reality, artificial intelligence, and machine learning has also been beneficial for the growth of the global DRAM market.
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Emergence cloud computing has been instrumental in the growth of the global DRAM market. Cloud requires higher-performance storage which coupled with high demand from data center servers boost the growth of the market.
Growth in key end-user industries is also expected to reflect positively. Other driving factors include demand for technologically sound gadgets and development in DRAM technology. However, the market constraints include the high initial cost of investment, sharp decline ion the number of personal computers, and technical difficulties in scaling process. The market is also at threat from substitutes and emerging memory innovations.
Winbond (Taiwan), Qimonda (Germany), Kingston (U.S.), Transcend Information (Taiwan), Micron Technology Inc. (U.S.), Samsung (South Korea), Nanya (Taiwan), SK Hynix (South Korea), Elpida Memory, Inc. (Japan), Powerchip Semiconductor (Taiwan) are some of the leading players in the global DRAM market.
The global DRAM market has been segmented based on type, memory, application, and category.
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