Abstract: A method, electronic device, computer program product and circuit assembly are provided for allocating memory to one or more peripheral devices based on parameters specific to the peripheral device and/or the electronic device to which the peripheral device is being connected. These parameters may be provided to the electronic device upon connection of the peripheral device, or known by the electronic device from the time of manufacture. The parameters may include, for example, the total amount of memory available on the electronic device, the amount of memory already reserved or allocated, the maximum number of peripheral devices that may be connected to the electronic device, the number of peripheral devices currently connected, the estimated size and frequency of a common data transfer associated with the peripheral device, and a likelihood and degree to which an actual data transfer will vary from the estimated size of a common data transfer.