Hybrid Memory Cube Market Is Expected To Rise At A CAGR Of 23.6% During 2021-2028

The Global Hybrid Memory Cube Market was valued at USD 753.6 Million in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 23.6% between 2021 to 2028. Hybrid memory is used for redefining memory, with advancements it is creating new standards in the market of memory that matches the computational speed of existing systems. Moreover, the architecture is much better, reliable more efficient in comparison to the existing memory systems.

Rapid Innovations And Infrastructure Improvements To Spur The Market Growth For Hybrid Memory Cube Market

The use of hybrid memory cube is more focused on the high-performance computing, and it can be said that it performs tasks with higher complexities at much faster rate. Moreover, rapid technological advancements and innovations in switching, transmitting, processing and retrieval of data and advancements in telecommunication industry will indirectly contribute to the growth of hybrid memory cube market.

Whereas the major factor that is obstructing the market growth for hybrid memory cube is due to manufacturing challenges associated with products as thermal issues occur due to high level of integration and is challenging for manufacturers. In addition to this placements and routing of integrated circuits creates more complications.

Due to COVID-19 pandemic the production and supply chain disruptions have occurred. It has impacted various sectors and countries all over the world and had significant impact on the hybrid memory cube market.

The hybrid memory cube market in segmented on the basis of product type is bifurcated into accelerated processing unit (APU), graphics processing unit (GPU), field-programmable gate array (FPGA), central processing unit (CPU) and application-specific integrated circuit (ASIC). The market can be divided on the basis of applications into high-performance computing, data centers, networking and graphics.

Asia-Pacific region is expected to grow at a high rate over the coming years and is the dominating region. This is attributable as the use of IoT devices and cloud-based services has increased in this region. Moreover, many different industries such as healthcare, retail, manufacturing, IT, telecommunications, and others in this region have experienced the need for rapid data processing system and this is caused due to increased data traffic. Hence, this is expected to boost the market growth for hybrid memory cube.

Some of the major players operating in the global hybrid memory cube market includes Fujitsu, Samsung, Open-Silicon, Inc., Micron, SK Hynix, Advanced Micro Devices (AMD), Intel, Xilinx, NVIDIA, IBM, among others.