Market research and strategy consulting company, Yole Développement, says that despite the numerous global challenges, the memory market will grow to over USD 260 billion in 2027.
“Amid trade-war tensions and the COVID-19 pandemic, the stand-alone memory market has been expanding throughout the last two years. Revenue was up 15% and 32% in 2020 and 2021, respectively. Such remarkable growth was made possible by a combination of constrained production and strong demand growth across most market segments,” says Simone Bertolazzi, Ph.D., Market & Technology Analyst, in a press release.
Yole expects DRAM to grow to USD 118 billion, up 25%. NAND flash memory will reach USD 83 billion, up 24%, in 2022. These are – as the research company points out – historic records. In the long term, the stand-alone memory market is expected to continue expanding, with a CAGR during 2021-2027 of 8% and is poised to grow to over USD 260 billion in 2027. However, seasonality will remain.
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