With global artificial intelligence (AI) infrastructure investment surging, the size of the world memory market this year is expected to soar to more than four times last year's level.
According to the Memory Tracker by market research firm Counterpoint Research on the 19th, the global memory market is forecast to reach about 1,500 trillion won this year, 4.2 times larger than the previous year's 360 trillion won.
This is due to a sharp increase in demand for server memory, including DRAM and NAND, driven by large-scale AI infrastructure build-outs centered on the North American market.
The share of server products in total memory revenue is projected to expand from 37% last year to 56% this year, reaching a majority.
Counterpoint analyzed that the structural shift in which server products account for more than half of revenue is acting as a key driver propelling the growth of the memory market.
In particular, the widening supply-demand imbalance stemming from increased server memory demand is pushing up memory prices, and this upward trend is expected to continue through the first half of next year.
Counterpoint said, "With the surge in demand for server products, the mix improvement centered on higher value-added products combined with supply constraints is even leading to a phenomenon where the price per gigabit of commodity DRAM exceeds that of high bandwidth memory (HBM)," adding, "HBM, which has more complex processes and higher manufacturing costs, also has a greater potential for additional price increases going forward, so the memory market appears to have ample room for further growth."