The total value of the DRAM module and component market was USD 99.4 billion in 2022, and it will rise at a growth rate of above 1.40% shortly, reaching USD 111.1 billion by 2030, according to P&S Intelligence.
This growth can be credited to the fostering acceptance of the Internet of Things and 5G technologies, the growing count of data centers, and the growing usage of DRAM modules and mechanisms in several industries.
The arrival of 5G technologies is being experienced in recent years. It is one of the newest standards launched for network technologies, to offer improved and quicker connectivity. Cellular businesses have previously initiated arraying the same in some regions of the globe, particularly the U.S. High speed, constancy of the connection, network dependability, and a high pace of information transmission are some of the advantages that operators witness with 5G.
The blend of modern technologies, including AI and 5G, with DRAM has a huge potential to advance the operator experience mainly for smartphones.
There are over 8,000 data centers throughout the globe. The uppermost count of them around 2,600 is in the U.S. itself, shadowed by the nations in the European continent, specifically the U.K. and Germany.
Because of the growing sizes of data being produced, the requirement for such amenities would increase, which would, then, boost the need for DRAM components and modules. The utilization of DRAMs in servers has been growing credited to the increasing need to store and process the huge sizes of information maintained by data centers.
In the coming few years, the above 8 GB category in the memory section is projected to attain the largest DRAM module and component market share and rise at a compound annual growth rate of 1.6%. This can be credited to the eternal need for a high memory potential for the transmission, storage, and processing of high-size data.
In recent years, APAC held the largest revenue share, and the region is projected to be dominant throughout the forecast period. Furthermore, it is projected to grow at a compound annual growth rate of 1.6% in the coming years, credited to the growth of the semiconductor sector and the development in the demand for smart electronic devices from extremely crowded nations, such as India and China.
Hence, the fostering acceptance of the Internet of Things and 5G technologies, the growing count of data centers, and the growing usage of DRAM modules and mechanisms in several industries are the major factors contributing to the growth of the DRAM module and component market.
