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Friday, August 18, 2023

Lucintel Forecasts Semiconductor Memory IP Market to Reach $7.3 Billion by 2028

According to the recent study the semiconductor memory IP market is projected to reach an estimated $7.3 billion by 2028 from $5.6 billion in 2023, at a CAGR of 5% from 2023 to 2028. Growth in this market is primarily driven by growing demand for modern SOCs and multicore technologies and increasing application of various design IPs in consumer electronics and automotive industries.

A more than 150–page report is developed to understand trends, opportunities and forecast in semiconductor memory IP market by product (volatile memory, non-volatile memory, and others), end use industry (consumer electronics, industrial, automotive, networking, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link 

https://www.lucintel.com/semiconductor-memory-ip-market.aspx

“Volatile memory market is expected to remain the largest segment during the forecast period.”

Based on product, the semiconductor memory IP market is segmented into volatile memory, non-volatile memory, and others. Lucintel forecasts that the volatile memory market is expected to remain the largest segment because it is considered faster than other forms of mass storage and also helps in protecting sensitive information.

“Within the semiconductor memory IP market, the consumer electronics segment is expected to remain the largest end use industry.”

Based on end use industry the consumer electronics segment is expected to witness the highest growth over the forecast period due to the increasing usage for semiconductor memory IP in laptops, computers, workstations and video game consoles.

“Asia pacific will dominate the semiconductor memory IP market in near future.”

Asia Pacific will remain the largest region due to the increasing demand for smart wearable, laptops, and other electronic devices in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/semiconductor-memory-ip-market.aspx.

Major players of semiconductor memory IP market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ARM Limited, Rambus Inc, Cadence Design Systems, Synopsys, and Mentor Graphics Corporation are among the major semiconductor memory IP providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/semiconductor-memory-ip-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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