Dynamic Random Access Memory Market: Overview
The dynamic random access memory (DRAM) market is predicted to continue to rise at a notable pace over the 2020 -2030 forecast period. DRAMs find wide use across a number of end users including computing, infocom, infrastructure, and entertainment, thereby fuelling the DRAM market.
Surging demand for high-memory handheld devices such as smartphones and tablets for high performance is a key factor fuelling the DRAM market. Mobile phones are expected to account for large share in the DRAM market owing to their growing penetration and declining prices. Furthermore, the demand for high performance and low power consuming DRAM solutions in mobile devices is expected to boost growth in the dynamic RAM market.
Key parameters based on which the dynamic random access memory market is divided are application and region.
The report on dynamic access memory market provides an in-depth analysis of demand drivers, growth indicators, and opportunities in the said market over the 2020-2030 forecast period. Furthermore, the report sheds light on key regions in the dynamic random access memory market and revenue projections of these regions over the stated forecast period.
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Dynamic Random Access Memory Market: Competitive Landscape
The dynamic RAM market is oligopolistic with few large players, and a high degree of price competition. Key players in the dynamic RAM market are vying to gain competitive advantage by leveraging advanced processing technology and reduce per unit cost. For example, in March 2014, Samsung Electronics started mass production of dynamic RAM using 20nm process technology. Using the technology, the company is able to produce dynamic random access memory at reduced production costs and better energy efficiency.
In addition, collaborations and business alliances with major mobile device manufacturers is another key strategy adopted by large players in the dynamic random access memory market to outperform competitors.
Prominent players in the dynamic RAM market include Micron Technology Inc., Nanya Technology Corp., Intel, Etron Technology Inc., Texas Instruments, Samsung Electronics Co. Ltd., Kingston Technology, Elpida Memory Inc., and Advanced Micro Device.
Dynamic Random Access Memory Market: Key Trends
Continual development of avant-garde personal computing devices fuelling demand for DRAM products underscores growth in DRAM market. Development of ultra-thin notebooks that offer long battery life, high performance, and sturdy physical profile are backed by dynamic RAM technology.
Wide use of DRAM across a number of end users is another key factor fuelling the dynamic random access memory market. Mobile phones, workstations, personal computers, gaming devices, and tablets are some computing devices that use dynamic random access memory to expedite operational speed.
Key entertainment applications of DRAM include camcorders, DVD players, game consoles, projectors, set-top box, and e-books.
Furthermore, rising demand for cloud computing and the need for high speed communication are anticipated to boost demand for dynamic random access memory, especially for data centers. Cloud computing services require high-speed data transmission, cooling, and back-up facilities, which are handled by high-density memory and low-power consumption technologies such as dynamic RAM.
However, on the downside, emergence of substitutes such as NAND flash is expected to hamper the dynamic random access memory market in the years ahead.
Dynamic Random Access Memory Market: Regional Outlook
Key regions into which the dynamic random access memory market is divided are North America, Eastern Europe, Western Europe, Latin America, Asia Pacific, and the Middle East & Africa.
North America is expected to witness growth strong growth in the DRAM market over the forecast period mainly because of high technological advancements in the region.
Asia Pacific is another key region in the dynamic random access memory market. Rapid penetration of mobile devices in emerging economies is indirectly fuelling the dynamic random access memory market in the region.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.