Maximizing Performance with React Memo

React Memo is a performance optimization technique in React where a higher-order component is used to wrap a functional component. The purpose of React Memo is to avoid re-rendering of a component when its props haven't changed. This helps to improve the overall performance of the application by reducing the number of unnecessary re-renders, making the user interface more responsive and providing a better user experience. React Memo is easy to implement and can be used with functional components and class components.