High Bandwidth Memory Market worth USD 8.7 billion by 2033

The Market Statsville Group (MSG) publishes the new report on the "High Bandwidth Memory Market by Product, by Application (Networking and Client Space, High-Performance Computing (HPC), Data Centers and Others), By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global High Bandwidth Memory market size is expected to grow at a CAGR of 26.1% from 2023 to 2033.

The growing demand for graphics in various applications and the rising trend of everything online demands high and speedy network and storage space, fostering the high bandwidth memory market growth over the forecast period. The adaption of the cloud-based solution has been growing rapidly in businesses, and the advent of IoT and Big Data drives more computing needs. According to research published by 451 research institutions and even Cisco estimated that roughly 90% of enterprises are using cloud technology in their business functioning during 2019. By 2021, around 94% of all computing will be performed in the cloud data center. This accelerating demand for cloud technology on the back of the digital age has insisted enterprises deploy cloud-based solutions by replacing traditional hardware systems of the data center management process. With the growing convergence of cloud infrastructure, companies often revealed a substantial prospect for leveraging data centers, including the hardware for managing the data center functions. Thus, cloud-based solutions act as a key value-added function for several large and small- and mid-sized enterprises (SMEs). In addition, the cloud-based solution often connects and allows improved storage between the process, things, and people; therefore, it could play a crucial role in generating high visibility in data centers. Besides, most organizations are shifting from managing their own infrastructures to leveraging a service provider data center for shared and dedicated cloud offerings. This is further expected to result in high bandwidth memory market demand.

Global High Bandwidth Memory Market Segmentation

The overall high bandwidth memory market has been segmented into type, application, and region.

• By Product (Central Processing Unit, Field-programmable Gate Array, Graphics Processing Unit, Application-specific Integrated Circuit, and Others)
• By Application (High-Performance Computing (HPC), Networking and Client Space, Data Centers, and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Data Center segment is at the highest CAGR during the forecast period

Data center segment is expected to grow at the highest CAGR during the forthcoming. CPUs for data centers now have up to 32 cores. Traditionally used for graphics applications, GPUs were built with a parallel architecture from the start and can have over 5,000 simpler (more specialized) cores. GPUs have emerged as major players in AI applications owing to their high speed at matrix multiplication, a key component of machine learning. The shift to more cores highlights the growing demand for data to be fed into these cores to keep them active, necessitating much higher memory bandwidth.

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Asia Pacific accounts for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. Rapidly changing technologies and increased data generation across industries necessitate the development of more efficient processing systems. Further, the increasing investment for data centers across emerging economies such as China and India is another factor that creates lucrative growth for the high bandwidth memory market in the region. The growing demand for high-performance graphics applications enables the widespread use of high-bandwidth memory technology in supercomputers, robotics, and gaming, creating significant opportunities for the industry in emerging economies.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the high bandwidth memory market. It also consists of the profiles of leading companies such as  Advanced Micro Devices, Inc., SK Hynix Inc., Micron Technology, Inc., Rambus Inc., Xilinx, Inc., Open-Silicon, Inc. (SiFive), NEC Corporation, Cadence Design Systems, Inc., Intel Corporation, and Samsung Electronics Co., Ltd. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

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