The global phase change memory market to grow at a CAGR of 83.98% during the period 2017-2021.
The report, Global Phase Change Memory Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in market is 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.
According to the report, one driver in market is high scalability and low power consumption. PCM memory modules are more scalable and non-volatile compared with memory modules such as DRAM and MRAM. PCM scalability implies greater write endurance. Non-volatile memories fundamentally change the landscape of computing as they are able to change the physical state from amorphous to crystalline. Another feature of PCM is its low power consumption. These modules use phase change material such as germanium-antimony-tellurium (Ge2Sb2Te5) to change the state from amorphous to crystalline.
The low power consumption of PCMs increases the battery life of electronic devices. This allows electronic devices to function for a longer period. It also increases their operating life cycles and reduces their overall maintenance costs. PCM also acts as a hybrid memory module, which combines PCM and flash memory. PCM has a fast cache memory module so that it can retain data. System boot using PCM will be instantaneous, application checkpoint will be inexpensive, and the system will provide stronger safety guarantees. This is expected to lead to the increase in the demand for PCM.