Global Memory Market Valued at $110.16 Billion in 2022 Set to Soar with a 19.54% CAGR from 2023 to 2028 - ResearchAndMarkets.com
The global memory market, valued at $110.16 billion in 2022, is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 19.54% during the forecast period from 2023 to 2028.
- The global memory market, valued at $110.16 billion in 2022, is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 19.54% during the forecast period from 2023 to 2028.
- The memory market is expected to experience a temporary decline in 2023 due to inflation and weakening demand in end markets, particularly those relying on consumer spending.
- By Demand: The memory market is categorized based on the demand for DRAM and NAND memory.
- Meanwhile, NAND memory demand continues to grow, with SSD NAND memory leading the market due to its high performance and durability.