Methods and systems for dynamic configuration and effective usage for allocating memory in media presentations or like devices

Methods and systems are provided for configuring static memory in a device by analyzing a set of functionalities of a first device based on at least one use case wherein the at least one use case are associated with configuring available static memory in processing at least one functionality of the first device; configuring at least a first profile composed of the first part for memory allocation of the available static memory to a first processor, and a second part for memory allocation of the available static memory to a second processor of the first device; selecting the first profile either automatically or via a graphical user interface (GUI) by identifying a set of performance characteristics related to the functionality, and implementing the memory allocation by the first profile in processing the at least one functionality in the use case by the first device.