What is Phase Change Memory Market?
Phase change memory is a type of nonvolatile random access memory. It is developing technology and has scope in numerous application areas such as smartphones, enterprise storage, military, and aerospace industries. Increasing demand for data centers and cloud database and adoption of material for memory cells accelerate manufacturing of PCM modules will help to boost global phase change memory market.
The market study is being classified by Type (PCM as static RAM (SRAM), PCM as DRAM, PCM as flash memory and PCM as storage class memory (SCM)), by Application (Cell Phones, Enterprise Storage, Smart Cards and Others) and major geographies with country level break-up.
IBM (United States), Micron Technology (United States), Samsung Electronics (United States), HP (United States), BAE Systems (United Kingdom), Intel (United States), STMicroelectronics (Switzerland), SK Hynix (South Korea), NXP (Netherlands) and Western Digital (United Staes) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are TSMC (Taiwan) and MediaTek (Taiwan).
Global phase change memory market is fragmented due to the presence of several key players. To gain the market share players needs to focus on merger and acquisitions, a product launched and developed. The market is competitive and its growth potential will further intensify the level of competition among the market players. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Phase Change Memory market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Phase Change Memory market by Type, Application and Region.
On the basis of geography, the market of Phase Change Memory has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Penetration of Smart Phones in Developing Countries
- High Adoption Due To Enterprise Storage
- Rising Necessity For The Replacement Of Flash Memory And DRAM
Market Trend
- Increasing Demand for Data Centers and Cloud Database
- Adoption of Material for Memory Cells accelerate Manufacturing of PCM Modules
Restraints
- Multiple Bit Storage per Cell of Flash
Opportunities
- Emergence of the Internet of Things
- Technological Advancement in Phase Change Memory
Challenges
- Need of High Programming Current Density
Key Target Audience
Phase Change Memory Manufactures, Importers and Exporters, Traders and Distributors, Government Regulatory Bodies, Government and Private Research Organizations and Others