A research report created by ReportsnReports, Trends in Memory Modules Market Reviewed with 2022 Opportunities in New Research, indicates that the latest trend gaining momentum in the memory modules market is Integration of MRAM in smartphones. MRAM is an emerging memory module technology. The analysts forecast global memory modules market to grow at a CAGR of 5.86% during the period 2018-2022.
According to the report, one major driver for this market is increasing demand rom data centers. For example, applications, including data mining, data extracting, and data processing, work on multiple discrete data items, such as quantitative data, in a single operation. To handle complex data, alternative storage devices, modules, or systems are required that can provide high performance. Memory modules such as DRAM and MRAM offer future scalability, higher capacities, and consume low power. Memory modules have become an essential requirement in some networking and storage products.
The report covers the present scenario and the growth prospects of the global memory modules market for 2018-2022. To calculate the market size, the report considers the unit shipments of memory modules. The overall market size by revenue has been calculated by adding up the market sizes of the different types of memory modules.
Companies are HP Development Company, Netlist, Kingston Technology, Kingmax Semiconductor, ADATA Technology, Micron Technology, SK HYNIX. Further, the memory module market report states that one of the major factors hindering the growth of this market is High production costs. Memory modules are still new and emerging technologies. Thus, highly sophisticated design equipment (semiconductor manufacturing and test equipment) is required during their manufacturing process. Different next-generation memory modules need to be designed and developed depending on end-user requirements. This requires significant amounts of investments in R&D processes.