Dublin, Aug. 20, 2020 (GLOBE NEWSWIRE) — The “Global Semiconductor Memory Market By Type, By End User, By Region, Industry Analysis and Forecast, 2020-2026” report has been added to ResearchAndMarkets.com’s offering.
The Global Semiconductor Memory Market is expected to reach $127.3 billion by 2026, rising at a market growth of 7.5% CAGR during the forecast period.
The rising demand for high-capacity and low-power memory is growing rapidly as modern advanced portable electronic devices boost overall performance with their reduced size. With the growing proliferation of electronic devices and the need for associated capacity, there is, as predicted, a huge demand for semiconductor memory.
Rapid growth in the electronics industry, together with the use of memory-based elements in advanced devices like smart phones, wearable devices and electronic gadgets, is pushing ahead with market growth worldwide. Growing use of automotive and electronic devices, such as Flash ROM and DRAM, fuels the market