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Dynamic Random Access Memory Market size was valued at USD 118.5 billion in 2019 and is poised to grow from USD 136.32 billion in 2023 to USD 360.22 billion by 2031, growing at a CAGR of 14.9% in the forecast period (2024-2031).

Dynamic Random Access Memory Market is extremely competitive with the presence of many well-known international players around the globe. The key players of the market are mainly focusing on some business strategies including new product launches, acquisitions, mergers, partnerships, and increasing investment in research & development sector for the expansion of their geographical presence and product portfolio. 'Samsung Electronics Co., Ltd.', 'SK Hynix Inc.', 'Micron Technology, Inc.', 'Nanya Technology Corporation', 'Winbond Electronics Corporation', 'Kingston Technology Corporation', 'ADATA Technology Co., Ltd.', 'Transcend Information, Inc.', 'Ramaxel Technology (Shenzhen) Limited', 'Intel Corporation', 'Toshiba Corporation', 'Fujitsu Limited', 'NEC Corporation', 'Elpida Memory, Inc.', 'Powerchip Technology Corporation', 'Inotera Memories, Inc.', 'Smart Modular Technologies, Inc.', 'Silicon Power Corporation', 'Team Group Inc.', 'Apacer Technology Inc.'

The continuously increasing demand for mobile phones, laptops and other consumer devices across the globe is expected to drive the dynamic random access memory market over the forecast period. 

Demand for Low Power Consumption Technology: The emerging technologies in the memory industry have enhanced a lot of potential of memory by enabling the storage of extra data at lower power consumption along with the lesser cost than the expensive to create silicon chips used in several popular consumer electronic gadgets including smartphones and tablets. 

Globally, North America dominated the DRAM market and held the largest dynamic random access memory market share in 2022. The rapid growth in the technology, innovations, increased consumer disposable income, and rising awareness regarding the benefits of DRAM are expected to drive the growth of the market over the forecast period in the region. According to our findings, there are around 2752 data centres in the United States in 2022, and this number is projected to have a boost in the coming years.Furthermore, Asia Pacific is expected to witness fastest CAGR during the forecast period owing to the rise in electronics, automotive, and consumer goods manufacturing sectors in developing nations such as India, China, and South Korea. In addition, increasing adoption of advanced technology coupled with the rising investments by key market players in these emerging economies are also likely to be the key factor driving the growth of the market in the region.

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Global Dynamic Random Access Memory Market

Product ID: SQMIG45N2085