IC Memory Market is Red-Hot! Jan31 By Webmaster • Posted in Industry News January 31, 2017 This is a great year to be in the memory business! Look what the semiconductor industry mavens are saying: Total memory market forecast to increase 10% in 2017 For 2017, IC Insights forecasts a strong increase in Dram average selling prices, which is expected to lift the Dram market to 11% growth. Memory makers heading into an ultra-super-cycle Chipmakers and analysts predict the price rally — the average price of benchmark memory chips rose 26 to 31 percent last year — will continue this year as supplies remain tight. IoT Chip Market worth 14.81 Billion USD by 2022 The IoT chip market for memory devices is expected to grow at the highest rate during the forecast period. Memory, analog markets to lead IC growth for five years The memory portion of the global chip market – for many years a drag on the industry growth – is set to turn-around and show the strongest annual growth of all the major sectors through 2021 Memory Market Poised for Strongest Annual Growth Through 2021 The strong memory CAGR is driven by surging low-power memory requirements for DRAM and NAND flash in portable wireless devices like smartphones and by growing demand for solid-state drives (SSD) used in big-data storage applications and increasingly in notebook computers. Moreover, year-over-year DRAM bit volume growth is expected to increase throughout the forecast to support virtualization, graphics, and other complex, real-time workload applications.