Global Phase Change Memory Market 2017-2021

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?