Ø As of 2021, there were 4.66 billion active internet users worldwide, representing 59.5% of the global population.
Ø The uptake of 5G subscriptions in North America continues to be strong, and at the end of 2023, the region is expected to have the highest 5G subscription penetration globally at 61 percent. In Northeast Asia, penetration is anticipated to be 41 percent, followed by the Gulf Cooperation Council (GCC) countries at 34 percent and Western Europe at 25 percent. 5G subscription growth has also been higher than expected in India, and 5G penetration of 11 percent is expected by the end of 2023. Global 5G subscriptions are forecast to reach 1.6 billion by the end of 2023, accounting for 18 percent of all mobile subscriptions.
Ø The demand for data centers is on the rise, this heightened demand can be attributed to the rapid growth which Artificial Intelligence is witnessing. Furthermore, modern and more advanced technology is experiencing substantial growth. Technologies such as streaming, gaming, and self-driving cars are on the verge of unprecedented growth rates. Factors such as these are significantly influencing the expansion of data centers across the globe. Several favorable headwinds such as higher rates of data generation, expanding high-performance computing demand, and a widespread adoption of cloud-based services by enterprises, will be supporting its growth trajectory throughout the forecast period.
Ø The high demand can also be established from the fact that vacancy rates are at a decadal low across all major markets, evidently exhibiting a high demand and low supply scenario of the industry.
Ø Nvidia, the world’s largest producer of GPUs, presented a forecast of a three-fold increase in its quarterly revenue with boosted demand for data center chips and GPUs amid the AI boom the world is witnessing.
Ø In Jan 2024, Meta CEO announced an investment of a billion dollars in purchasing 350,000 units of Nvidia's H100 graphic chips, for developing its computing infrastructure by the end of 2024.
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According to a new report by Univdatos, the Hybrid Memory Cube Market is expected to reach USD 5,010 Million in 2030 by growing at a CAGR of 26.50%. Furthermore, , the growth can be attributed to the rising proliferation of artificial intelligence. The technology itself is experiencing an unprecedented rate of development and adoption. This shift towards AI increased demand for high-performance GPUs, creating a favorable demand environment for HMCs. For instance, in February 2024, Nvidia, the world’s largest producer of GPUs, presented a forecast of a three-fold increase in its quarterly revenue with boosted demand for data center chips and GPUs amid the AI boom the world is witnessing
The report suggests that the increasing cloud migration of enterprises is also one of the major factors driving the Hybridd Memory Cube Market during the forthcoming years. organizations shifting their operations to the cloud. This inclination towards cloud has increased demand for data centers, consequently driving up the need for HMCs, a more efficient and less power-consuming storage technology. Additionally, the popularity of high-performance computers is also rising due to the increased need for high-power computations to train AI models, further leading to a surge in demand for HMCs in the markets.
The expanding use of GPU in the artificial intelligence Industry is Generating Maximum Traction for Hybrid Memory Cubes in the Market.
. The GPU segment is generating maximum demand for HMCs in the markets. The increasing prevalence of generative AI primarily drives this expansion. Furthermore, the rapid advancement in the development of cloud infrastructure, by large corporations such as Amazon, and Meta, amid the enormous demand for computing power to support AI projects, is creating a favorable environment of growth in demand for GPUs, subsequently benefitting the increasing need for HMCs. For instance, in Jan 2024, Meta CEO announced an investment of a billion dollars in purchasing 350,000 units of Nvidia's H100 graphic chips, for developing its computing infrastructure by the end of 2024.
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Conclusion
In conclusion, the rapid expansion of Hybrid Memory Cube technology is driven by its superior performance, enhanced security features, energy efficiency, and the growing demand for high-speed connectivity in a connected world. With these factors playing a pivotal role in shaping the trajectory of Hybrid Memory Cube technology, we can expect to see significant growth and adoption of this technology.
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