The Latin America, Middle East and Africa DRAM Module and Component Market would witness market growth of 4.5% CAGR during the forecast period (2022-2028).
DRAM modules are used in servers to improve memory capacity, in networking applications to increase bandwidth and ensure signal integrity, and in mobile applications to provide memory capacity with low power consumption and a small form factor. Furthermore, the DRAM module market is expected to benefit from an increase in demand for more powerful processing technologies as a result of a greater focus on better storage capacity and reduced power consumption.
With the rise in the culture of gaming, demand for fast DRAMs is increasing. A DDR4 DRAM, for instance, makes loading graphic intensive games an easy and simple task. As the gaming sector has grown, so has the demand for powerful computers and as a consequence the demand for DRAMs. The emergence of 5G technology, growth in usage of DRAM modules and components in the automotive industry, growth in adoption of high-end smartphones, and others are some of the important drivers driving the DRAM module and components market.
The Middle East's IT sector is steadily expanding. Many countries are continuing to increase their technology spending. The Cloud, massive amounts of data processing, developments in social media, new smart mobile phones, and modern technologies such as AI, cognitive systems, robots, virtual reality, 3D printing, and blockchain are all influencing the rise. The so-called Fourth Industrial Revolution is driving up the demand for advanced IT solutions in the workplace. The software industry is one of the most dynamic in the region.
The Brazil market dominated the LAMEA DRAM Module and Component Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,909.6 million by 2028. The Argentina market is anticipated to grow at a CAGR of 5.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 4.2% during (2022 - 2028).
Based on Type, the market is segmented into LPDRAM, DDR2, DDR5, GDDR, HBM, DDR4, DDR3, and Others. Based on Memory, the market is segmented into Above 8 GB, 6-8GB, 3-4GB, 2GB, and Others. Based on Industry, the market is segmented into Servers, Automobiles, Consumer Electronics, Computers, Mobile Devices, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global DRAM Module and Component Market is Predict to reach $104.7 Billion by 2028, at a CAGR of 1.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd., SK hynix, Inc., Super Micro Computer, Inc., Nanya Technology Corporation, Winbond Electronics Corporation, Micron Technology, Inc., Powerchip Technology Corporation, ADATA Technology Co., Ltd., Etron Technology, Inc., and Kingston Technology Company, Inc.
By Type
By Memory
By Industry
By Country
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