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Global Next Generation Memory Market Forecast to Reach USD 4875.5 Million by 2030–Consumer Electronics and AI to Drive Growth | Valuates Reports

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BANGALORE, India, Nov. 7, 2024 /PRNewswire/ — Next Generation Memory Market is Segmented by Type (PCM, ReRAM, MRAM, FeRAM), by Application (Consumer Electronics, Enterprise Storage, Telecommunications, Automotive and Transportation, Military and Aerospace): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Next Generation Memory market was valued at USD 1153 Million in 2023 and is anticipated to reach USD 4875.5 Million by 2030, witnessing a CAGR of 22.6% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Next Generation Memory Market:

The Next Generation Memory Market is experiencing considerable growth as industries demand high-speed, reliable, and energy-efficient memory solutions. These advanced memory technologies are crucial in data-intensive applications across sectors like consumer electronics, AI, and IoT. The flexibility and performance benefits offered by next-generation memory make it a vital component for future technological advancements, ensuring its position as a pivotal area of innovation in the electronics industry.

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TRENDS INFLUENCING THE GROWTH OF THE NEXT GENERATION MEMORY MARKET:

Phase-Change Memory (IPCM) is a significant growth driver in the Next Generation Memory Market due to its high speed, non-volatility, and scalability, which make it ideal for modern computing applications. IPCM enables faster data storage and retrieval by altering the phase of materials between amorphous and crystalline states. This unique feature allows it to retain data even when power is off, making it especially attractive for applications requiring reliable, persistent memory. As industries like AI and IoT demand faster data processing with minimal energy consumption, IPCM’s advantages in durability and speed fuel its adoption, further driving the Next Generation Memory Market.

Resistive Random Access Memory (ReRAM) is instrumental in propelling the Next Generation Memory Market forward by offering low power consumption, fast switching speeds, and high storage density. ReRAM operates by changing resistance across a dielectric material, providing a more efficient memory solution compared to traditional flash memory. Its compatibility with existing semiconductor technology makes it adaptable for applications ranging from consumer electronics to cloud computing. As demand for energy-efficient, high-capacity memory increases, particularly in sectors like automotive and mobile devices, ReRAM’s integration strengthens its role in the market, ensuring continued growth.

The consumer electronics sector significantly contributes to the expansion of the Next Generation Memory Market. With the increasing complexity of modern devices such as smartphones, laptops, and gaming consoles, there is a high demand for memory solutions that are both fast and durable. Next-generation memory technologies like IPCM and ReRAM provide the speed and reliability required to handle intensive applications, from HD video streaming to interactive gaming. As consumers increasingly seek devices with improved performance and battery life, these advanced memory solutions cater to market demands, spurring the Next Generation Memory Market’s growth. With the rise of data-driven industries, there’s a pressing need for advanced storage solutions capable of handling massive data volumes. Next-generation memory technologies like ReRAM and IPCM provide the required high-density storage solutions, supporting the rapid data growth seen in sectors such as cloud computing and big data analytics.

AI applications demand rapid data processing and large memory storage, making next-generation memory technologies indispensable. These memory types offer high speed and reliability, essential for supporting AI algorithms and machine learning applications, driving significant interest and investment in this market.

Energy efficiency is a critical factor as industries shift towards sustainable practices. Next-generation memory solutions consume less power, which is beneficial for portable consumer electronics and large data centers alike. This energy efficiency aligns with the global push for sustainable technologies, contributing to market growth. Modern devices are becoming smaller and more complex, necessitating memory solutions that can fit into compact spaces without sacrificing performance. Next-generation memory solutions enable high data density within a small footprint, aligning with industry needs for miniaturized electronic components.

Edge computing, which processes data closer to its source, requires quick and reliable memory to ensure real-time processing. Next-generation memory solutions are crucial in this regard, as they offer the speed and durability needed to support edge computing applications, driving market growth. High-bandwidth memory solutions are essential for data-intensive applications such as 3D rendering and data analytics. Next-generation memory solutions provide the necessary bandwidth to handle these applications efficiently, positioning them as valuable assets across various industries.

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NEXT GENERATION MEMORY MARKET SHARE:

Global Next Generation Memory key players include Intel, Micron Technology, Panasonic, etc. Global top three manufacturers hold a share of about 40%.

The United States is the largest market, with a share over 30%, followed by Europe and Japan, with a share of about 40 percent.

In terms of product, PCM is the largest segment, with a share of about 45%. And in terms of application, the largest application is Consumer Electronics, followed by Enterprise Storage, Automotive and Transportation, Military and Aerospace, Telecommunications, etc.

Key Companies:

Cypress SemiconductorFujitsu LimitedEverSpinROHM SemiconductorAdesto TechnologiesCrossbarMicron TechnologyIntelPanasonic

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Next Generation Volatile Memory Market

–  Next Generation Non Volatile Memory Market

–  Small Language Model market was valued at USD 5180 Million in 2023 and is anticipated to reach USD 17180 Million by 2030, witnessing a CAGR of 17.8% during the forecast period 2024-2030.

–  High Bandwidth Memory (HBM) market is projected to grow from USD 1256.5 Million in 2024 to USD 4902.4 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 25.5% during the forecast period.

–  AI Content Generation market was valued at USD 1108 Million in 2023 and is anticipated to reach USD 5958 Million by 2030, witnessing a CAGR of 27.3% during the forecast period 2024-2030.

–  Next Generation Memory Product Market

–  Next Generation Computing Market

–  Next-Generation Firewall (NGFW) Solutions Market

–  Gallium Arsenide Next Generation Semiconductor market is projected to grow from USD 13630 Million in 2024 to USD 25220 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period.

–  Next Generation In-Vehicle Networking (IVN) Market

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

 

SOURCE Wahed

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Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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“India Global Forum’s mission more relevant than ever,” says Finance Minister Nirmala Sitharaman ahead of IGF Middle East and Africa 2024

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November 24, 2024

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India Global Forum’s flagship event in UAE kicks off in Dubai on 25 November with IGF ForumPolicymakers, politicians, business figures and celebrities from India, UAE, Africa to converge at inaugural session

DUBAI, UAE, Nov. 24, 2024 /PRNewswire/ — Ahead of India Global Forum’s (IGF) flagship Middle East & Africa 2024 (ME&A 2024) in Dubai on Monday, 25 November, Finance Minister Nirmala Sitharaman commended the role of the organisation in fostering global partnerships.

“Through their impactful and outcomes driven work, India Global Form has consistently provided a platform that fosters a better understanding of modern India and its vast opportunities for the global audience. It has also played an important role in building meaningful cross-border connections.

“India Global Forum’s mission to build corridors of technology, talent, investment and trust is more relevant than ever,” she said.

Under the theme of ‘Limitless Horizons’, IGF ME&A 2024 will foster new partnerships and collaborations between India, the Middle East, and Africa, unlocking opportunities in sectors such as technology, finance, sustainability and innovation.

The two-day event will begin with a special address by India’s Commerce Minister Piyush Goyal.

The inaugural session will also witness UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar al Olama, delve into the policies and reforms driving technological innovation in the UAE.

Looking forward to IGF ME&A, Indian Ambassador to the UAE, Sunjay Sudhir said: “The India-UAE relationship has entered an exciting new phase of exponential growth. We are at a moment in history where India-UAE relations are driving the synergy between our regions which has never been greater, and IGF serves as a beacon for harnessing this potential.”

Manoj Ladwa, Founder and Chairman, India Global Forum (IGF), said: “India’s External Affairs Minister, S. Jaishankar, aptly noted during his recent visit to Dubai that the India-UAE ties are in an era of new milestones. These ties are not just about trade figures or agreements – they represent a deeper alignment of values, aspirations, and shared visions for the future. IGF Middle East and Africa is an opportunity to channel this momentum into actionable outcomes that benefit not just our nations but the wider region.”

Featuring over 200 speakers and 1,000 participants across nine streams, IGF ME&A 2024 includes:

IGF Dialogues: An exclusive gathering of industry leaders and policymakers engaging in peer-to-peer roundtable discussions.IGF Forum: A Deep dive into how India, the Middle East, and Africa can embrace limitless horizons in a changing worldLeaders Dinner: An exclusive by-invite only dinner at the BAPS Hindu Mandir in Abu DhabiFounders and Funders Forum: Spotlighting the possibilities and pitfalls of the growing role of AI in India, the Middle East, and Africa.Climate and Business Forum (ClimB) – Exploring how businesses can achieve growth while prioritising sustainability and climate actionIGF Focus Forum – Discussions across diverse event streams, including leadership, entrepreneurship, healthcare, skilling and cultureDisruptors in the Desert – Demystifying emerging trends and technologies across key sectors poised to shape the next decade of the Global South. 

These engagements will tackle pressing global challenges, from climate change and energy transition to the future of AI and digital economies, bringing together a diverse lineup of global leaders, business pioneers, policymakers, and innovators.

Key Speakers across the event include:

H.E. Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work ApplicationsH.E. Sunjay Sudhir, Ambassador of India to UAEMahesh Bhupathi, Indian Tennis LegendYusuf Tambawala, Vice President of Growth & Business Support, DP WorldLeander Paes, Indian Tennis LegendAbhimanyu Munjal, Managing Director and CEO, Hero FincorpHarsh Jain, Co-Founder, Dream11Monish Shah, Founder and CEO, DreamSetGoSanjay Nayyar, Founder and Chairman, Sorin AdvisorsAmnah Ajmal, Executive Vice President, Market Development, Eastern Europe, Middle East and Africa, MastercardNeeraj Makin, Senior Executive Vice President, Group Head – Strategy, Analytics & Venture Capital, Emirates NBDSiddharth Shah, Co-founder, PharmeasyFaizal Kottikollon, Chairman, KEF HoldingsRola Abu Manneh, CEO Middle East, Standard CharteredSiddharth Balachandran, Executive Chairman & CEO, Buimerc CorporationKuppulakshmi Krishnamoorthy, Global Head, Zoho for StartupsMina Liccione, Comedian, Dubomedy

About India Global Forum
India Global Forum tells the story of contemporary India. The pace of change and growth India has set itself is an opportunity for the world. IGF is the gateway for businesses and nations to help seize that opportunity.  To know more, click here

Social Media Handles & Hashtag to Follow
Twitter: @IGFUpdates & @manojladwa
LinkedIn: India Global Forum
#IGFUAE

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