Dynamic Random-Access Memory Market Size

Dynamic Random-Access Memory (DRAM) Market size was valued at USD 5.47 billion in 2024 and is anticipated to exceed USD 9.41 billion by the end of 2037, expanding at over 4.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of dynamic random-access memory is evaluated at USD 5.66 billion.

The growth of the market can be attributed to the increasing demand for dynamic random-access memory over other options owing to faster and more dynamic performance. Dynamic random-access memory is highly utilized in several applications such as smartphones, personal computers, and others which are estimated to hike the production volume of DRAM at a higher scale. For instance, in Taiwan alone, approximately 4 billion dynamic random-access memory were produced in 2021, up from 3 billion in 2018.

In addition to these, a dynamic random-access memory requires only one transistor. It also has a larger storage capacity compared to other options where it can store more data. Hence, increasing data traffic owing to several digital activities in each sector backed by the higher penetration of Internet services is expected to influence the market growth over the forecast period. For instance, in 2019, approximately 20 exabytes of data were generated per month across the globe. Additionally, increasing digitalization worldwide coupled with higher investment by the government and private organizations is also expected to expand the market size over the forecast period. As of 2023, global spending on services to support digitalization is expected to be around USD 2 trillion over the forecast period.