Global Phase Change Memory Market worth US$12,450.978 billion by 2026

Global Phase Change Memory Market worth US$12,450.978 billion by 2026

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence launches the publication of a new report on “Global Phase Change Memory Market - Forecasts from 2019 to 2026” to their giving.

The prime factor driving the growth of the global phase change memory market is the surging adoption of advanced and novel storage technologies and the increasing number of smartphone shipments.

As per the report, the market for Global Phase Change Memory Market is expected to grow at a steady pace.   

Phase-change memory is a type of computer non-volatile random-access memory that takes advantage of chalcogenide glass's unique ability to flip between two stable physical phases, amorphous and crystalline, when heated. As a result, the growing trend of combining new memory technologies bodes well for next-generation memory technologies, with phase change memory taking the lead. The growing need for advanced memory technologies that can meet HPC memory needs bodes well for the phase change memory market increased possibilities and growth. When compared to other flash memory, this form of storage is quicker and lasts longer. For their clients, major corporations have been attempting to build improved phase storage memory devices and solutions. For example, Intel, one of the market's key competitors, has been delivering and marketing 3D XPoint, a phase change-based next-generation data storage device. This gadget is sold by the firm for Solid State Storage Devices and other related items.

Based on application, the global phase change memory market is fragmented as automotive, smart cards, cell phones and others. The cell phone segment will show prominent growth owing to an increase in the number of smartphone units shipped, as well as the introduction of creative, sophisticated, and unique solutions which in turn will boost the demand of phase change memory market during the forecast period.

By technology, the global phase change memory market is segmented into PCM as DRAM, PCM as static RAM (SRAM), PCM as storage-class-memory and PCM as flash memory. During the forecast period, the PCM as flash memory segment shows prominent growth. Random access time and write/read throughput are sped up by phase-change memory, which also provides additional benefits including bit granularity, increased endurance, and direct writing. DRAM and flash memory combined can provide greater functionality that can replace flash memory and some DRAM functionalities.

Based on geography, the global phase change memory market is segmented into the South American region, North American region, the Middle East and African region, the European region, and the Asia Pacific region. North America dominated the phase change memory industry, owing to a shift in consumer preferences that resulted in a surge in demand for low-power, low-latency mobile devices such as laptops, tablets, and smartphones. Furthermore, technological advancements have resulted in the rise of the Internet of Things, which will be a major driving force for the market in the area. The increasing smartphone penetration in the Asia Pacific region will further surge the demand of phase change memory market in the region. Also, the increasing research and development in the phase change memory sector will boost its demand in the region.

As a part of the report, the major players operating in the iris recognition market, that have been covered are Micron Technology, IBM, Intel, Taiwan Semiconductor Manufacturing, GlobalFoundries and STMicroelectronics.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-phase-change-memory-market

This analytics report segments the iris recognition market on the following basis

  • By Technology
    • PCM as DRAM
    • PCM as Static RAM (SRAM)
    • PCM as Storage-Class Memory
    • PCM as Flash Memory
  •  By Application
    • Automotive
    • Smart Cards
    • Cell Phones
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Japan
      • Others