Global Phase Change Memory Market 2017-2021
- Published: Apr 2017
- Pages: 70
- SKU: IRTNTR12485
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Technavio’s market research analysts predict that phase change memory market will register a revenue of USD 1,475 million till the end of the forecast period. This industry research report also presents a competitive analysis of the phase change memory market by application (cell phones, enterprise storage, and smart cards), by technology (PCM as SRAM, PCM as DRAM, PCM as flash memory, and PCM as SCM), and by geography (the Americas, APAC, and EMEA). The SMT equipment market research report also presents a competitive analysis of the market and offer information of various phase change manufacturers such as IBM, Micron Technology, and Samsung Electronics.
The infographic below contains key findings from our analysis of the phase change memory market
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Overview of the global phase change memory market
Market research analysts at Technavio predict that the global phase change memory market will grow steadily during the next four years and post an impressive CAGR of almost 84% by 2021. This market research analysis identifies the growing penetration of smartphones in the developing countries as one of the primary growth factors for this market. It has been observed that in the recent years, the developing countries in Asia witnessed a significant increase in the sales of smartphones. For instance, China registered the sales of about 500 million smartphones and India registered the sales of about 165 million smartphones during 2016. Additionally, with advantages such as portability and increased flexibility, there is a significant increase in the preference of customers towards replacing their desktops with mobile devices such as smartphones and tablets. This will further increase the sales of mobile devices in the coming years and will consequently rise the need for memory technologies such as phase change technology.
This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the phase change memory market throughout the predicted period. This is mainly due to the shift in consumer preferences that led to the rise in demand for mobile devices including smartphones, tablets, and laptops that consume less power and can work at lower latency. Additionally, technological advances that led to the emergence of the Internet of Things will also be a major factor fueling the growth of the phase change memory market in this region.
Competitive landscape and key vendors
Phase change memory is an emerging technology and has scope in several application areas such as smartphones, enterprise storage, military, and aerospace industries. The need for the replacement of flash memory and DRAM will be a major factor fueling the demand for phase change memory. High retention power, high endurance, high write capacity, medium read capacity, and low power consumption are some of the parameters that the customers usually focus on. The market is competitive and its growth potential will further intensify the level of competition among the market players.
The leading vendors in the market are -
- IBM
- Micron Technology
- Samsung Electronics
The other prominent vendors in the market are HP and BAE Systems.
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Segmentation by application and analysis of the phase change memory market
- Cell phones
- Enterprise storage
- Smart cards
According to the phase change industry analysis, the enterprise storage segment accounted for the major shares and dominated this market during 2016. Enterprise storage is a centralized repository for business information and facilitates shared data management and protection. With organizations across the world focusing on energy efficiency, there will be a rise in the need for reducing the overall power consumption. This will increase the adoption of next-generation memory technologies such as magnetoresistive RAM (MRAM), phase change memory (PCM), and resistive RAM (ReRAM), subsequently, fueling the growth of the PCM market in the coming years.
Segmentation by technology and analysis of the phase change memory market
- PCM as static RAM (SRAM)
- PCM as DRAM
- PCM as flash memory
- PCM as storage class memory (SCM)
According to the phase change memory market study, the PCM as the DRAM segment accounted for the major shares and dominated the market during 2016. DRAM is a non-volatile type of memory module that is used to store data in an IC. The usage of PCM as DRAM would provide advantages such as a roadmap for increasing the main memory density and capacity, cost-effectiveness, and a large capacity for power. As a result, there will be a rising demand for using PCM as DRAM in the coming years and this segment will continue to dominate the PCM market throughout the predicted period.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global phase change memory market?
- What are the key market trends impacting the growth of the global phase change memory market?
- What are the challenges to market growth?
- Who are the key vendors in the global phase change memory market?
- What are the market opportunities and threats faced by the vendors in the global phase change memory market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global phase change memory market?
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by application
- Global PCM market by enterprise storage
- Global PCM market by cell phones
- Global PCM market by smart cards
PART 07: Market segmentation by technology
- Global PCM market by PCM as SRAM
- Global PCM market by PCM as DRAM
- Global PCM market by PCM as flash memory
- Global PCM market by PCM as SCM
PART 08: Geographical segmentation
- Global PCM market by geography
- PCM market in Americas
- PCM market in APAC
- PCM market in EMEA
PART 09: Decision framework
- PART 10: Drivers and challenges
- Market drivers
- Impact of drivers on key customer segments
- Market challenges
- Impact of challenges on key customer segments
PART 11: Market trends
PART 12: Vendor landscape
- Competitive scenario
PART 13: Key vendor analysis
- Micron Technology
- Samsung Electronics
- IBM
PART 14: Appendix
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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