According to a new report by Vantage Market Research, the hybrid memory cube market is expected to reach USD 2036.65 Million by 2028, growing at a CAGR of 23.6% from 2021 to 2028. The advantage over the conventional DRAM technologies like DDDR4, DR3, and GDDR5. It provides various applications for communication and network technology, these are key factors for driving the market.
- The 4GB segment in the Product segment is projected to dominate the product segment owing to the increasing adoption and large base of population.
- The application segment for the hybrid memory cube market is anticipated to be the dominating segment of the market owing to the increasing number of end-users. The networking & Telecommunication segment in the application segment is anticipated to be the dominating segment for the application segment.
- North America is expected to expand at a CAGR of over 32.38% from 2021 to 2028. This surge is attributed to the increasing investments and adoption along with a large pool of users.
Some of the key players in the Hybrid Memory Cube Market include Intel Corporation, Nvidia Corporation, Open-Silicon Inc., Xilinx Inc., Fujitsu Ltd., SK Hynix Inc., Arora, Advanced Micro Devices Inc., IBM Corporation, Micron Technology Inc., Samsung Electronics Co. Ltd., among others.
The market growth is attributed to, owing to the increasing pace of industrialization, infrastructure improvements to broadband and mobile technologies continue, the global telecommunication sector is continuously transitioning. Hybrid memory cubes are being progressively more used for (HPC) high-performance computing. Also, with the increasing technological advancements, the investment from several private organizations and governments is also increasing which is further anticipated to propel the growth of the hybrid memory cube market. Swift developments in switching, transmitting, analyzing, processing, and retrieving information are essential for the success of various emerging telecommunication technologies, and this is likely to indirectly increase the growth of the hybrid memory cube market over the forecast period. Furthermore, the advancements in the 5G sector are anticipated to fuel the hybrid memory cube market growth in the near future over the forecast period.
The North American region is expected to hold the largest share of the hybrid memory cube market and growth at the fastest CAGR over the forecast period. The growth is attributed to the presence of major key players and high technological advancements.