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NAND and DRAM are set to hit new revenue records

May 12, 2022

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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