October 19, 2018
WELLESLEY, Mass., October 19, 2018 – Due to the growth of transactional data, cloud computing and data analytics, next-generation workloads will require higher-performance storage, thus contributing to global market growth for dynamic random access memory (DRAM), according to a new report from BCC Research.
In 2018, the global market for DRAM was worth $94.5 billion. BCC Research estimates that it will reach a value of $136.9 billion by 2022, indicating a compound annual growth rate (CAGR) of 9.7%, according to Dynamic Random Access Memory (DRAM): Global Markets to 2022.
The industry has seen significant diversification of demand in the last few years, and a higher portion of DRAM demand now comes from various applications, including mobile handsets and automotive, industrial and networking applications. Requirements for more complicated features, including dual cameras, artificial intelligence applications for smartphones and robust demand for data center servers, are the key driving factors for DRAM industry growth in next five years.
“DRAM suppliers are mostly investing in technology transition and process optimization, as opposed to the expansion of production capacity,” said report author, Arpita Mukherjee. “This is likely to keep the 2018 prices similar to those of the second half of 2017. In 2018, DRAM manufacturers will mainly focus on continuing their flexibility in product mix strategy and strengthening cost competitiveness through the expansion of 1X-nanometer process migration.”
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Dynamic Random Access Memory (DRAM): Global Markets to 2022( SMC111A )
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