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The global High Bandwidth Memory market held a market value of USD 206.9 Million in 2020 and is forecasted to reach USD 1,197.0 Million by the year 2027. The market is anticipated to register a CAGR of 31.3% over the projected period. Rising need for better speed and greater bandwidth among industries is anticipated to boost the market growth. Furthermore, increasing proliferation of cloud based solutions is also expected to fuel the market growth. The market is segmented by product and application, with the central processing unit segment anticipated to hold the largest market share.
