Phase Change Memory Market - Trends and Forecasts by Technavio

Technavio has published a new report on the global phase change memory market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest report on the global phase change memory (PCM) market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Navin Rajendra, an industry expert from Technavio, specializing in research on embedded systems sector, says, “The demand for PCM is rapidly increasing with the growing need for fast, low-cost, and energy-efficient memory solutions. Enterprises worldwide deal with huge amounts of data on a daily basis. This creates the need for PCM as the write latency is high compared with other memories.”

The global phase change memory market will grow steadily during the predicted period and post an impressive CAGR of almost 84% by 2021. The increase in Internet penetration is leading to the generation of large amounts of data, which needs to be stored for future use. Companies such as IBM, Samsung Electronics, and Micron Technology are investing heavily in R&D for the development of new technologies to replace PCM. For instance, IBM recently found a replacement for PCM, which is called multicell PCM. Multicell PCM stores 3 bits of data per cell and works efficiently.

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The top three emerging trends driving the global PCM market according to Technavio hardware and semiconductor research analysts are:

Emergence of low power consumption memory modules

Semiconductor technology, which has driven the computer industry, is improving every year. The new computer architecture includes memory and computer elements that merge in a novel way so that the memory and CPU ecosystem are closer physically and operationally.

IBM recently announced that new advanced computers are replacing the old ones. In the new computers, the CPU and memory are connected to help in the better execution of new workloads at a reduced cost and with low power consumption,” according to Navin.

Scalable storage meets enterprise requirement for big data

Big data analytics consists of data that is used to computationally analyze and find patterns and trends that are used in industries, such as the IT and R&D sectors that deal with large volumes of data in many formats. PCM will likely be used in the future to store big data, which is very important to gain insights.

The following are big data storage solutions:

  • Storage approach
  • Mix for storage technology
  • Storage architecture

Adoption of materials for memory cell accelerate manufacturing of PCM modules

The advances in phase change materials will provide an opportunity for the memory cell to change the technology. For instance, PCM consists of materials, such as chalcogenide, that are used in crystalline and amorphous states.

New memory cells such as 3D XPoint, memristor, and spin torque devices will consist of different memory materials that will be denser than DRAM. They will have features such as low power consumption, and no gap between read and write latency.

The key vendors are as follows:

  • IBM
  • Micron Technology
  • Samsung Electronics

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest report on the global phase change memory (PCM) market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com