The next-generation memory market is expected to grow at a CAGR 8.50% during the forecast period 2021-2026. Memory solutions based on charge storage are steadily approaching the physical limits of scalability. This has led to the demand for next-generation memory solutions that offer excellent scalability, exhibit low operating voltage, have low power consumption, offer high operational speed, display increased endurance, have long retention time, and possess a simple structure.
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South America, the Middle East, and Africa regions are expected to be the fastest-growing for next-generation memory market during the forecast period. The growth of the NGM market in this regions is attributed to the increasing demand for PCs in the region, which offers growth prospects for the memory market for consumer electronics devices and provides attractive growth opportunities for the NGM market players.

Magneto-resistive random-access memory (MRAM) expected to hold the largest market share. This growth can be attributed to its improved performance, higher endurance, lower power consumption, better scalability with extremely high write endurance, and much higher write speeds than other nonvolatile memory technologies.

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