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The NAND flash memory technology allows the power-free storage of data, and its development has prioritized reducing the cost per bit and increasing the maximum chip capacity. The Smartphone segment commands the market and is anticipated to grow at a CAGR of 6.57%. The NAND flash memory market is predicted to increase in response to the increased demand for memory devices, which data centers fuel. The rapid transmission of massive amounts of telecommunications data that 5G is predicted to enable would raise the demand for device storage. The Asia-Pacific region dominates the NAND flash memory market, expanding at a CAGR of 7.12%.