The global phase change memory market is forecast to reach USD 46.52 Billion by 2026, according to a new report by Reports and Data. Phase change memory (PCM) is a type of non-volatile random access memory that accumulates data by altering the state of the material used, which means that it can change back and forth between crystalline and amorphous states on a microscopic level.

PCM is considered an emerging technology. The technology has the potential to provide cost-effective, high-density, high-speed, and high-volume nonvolatile storage on an unprecedented scale. The technology is ideal for both non-volatile dual in-line memory modules, and non-volatile memory expresses solid state drives. The technology is also much more durable than flash, and the concern of wear-out by daily writes is also not an issue.
The proliferation of smartphones in the developing region is the primary driving factor for the PCM market. China registered a sale of approximately 500 Million smartphones in 2016, while India registered a sale of 165 Million in the same year. Moreover, with portability and increased flexibility advantages, there is a significant rise in the preference of smartphones and tablets. The expected increased sale of smart devices in the coming years will increase the need for memory technologies such as phase-change technology.

IBM is working on a three-bit per cell PCM chip, which is expected to provide more storage and stability than its previous research which demonstrated 1 bit per cell options.

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Further key findings from the report suggest
PCM in the amorphous state has high electrical resistance, whereas in the crystalline state has less resistance. The electrical resistance in the machine is allowed to be turned off and on to represent digital low and high states.
The low power consumption of PCM increases the battery life of electronic devices. This allows the device to function for a more extended period of time and also increases its life cycle and overall maintenance cost. It also acts as a hybrid memory that combines flash memory and PCM.
On the standalone front, Intel has been shipping a device called 3D XPoint, which is a next-generation memory based on phase-change. Intel sells this device for solid-state storage drives (SSDs).
The DRAM is a non-volatile type of memory module that is used to store data in an integrated circuit. The advantage of the module is that it acts as a roadmap for increasing the main capacity and density, cost-effectiveness, and a large capacity for power. This leads to an increased demand for using PCM as DRAM in the coming years.
One of the challenging demands of the larger embedded memories is its capacity to hold bigger and more complex firmware. The rising need for more processing power, lower power consumption, and larger memory sizes are pushing the limit of the MCU architectures.
Key participants include IBM, Micron Technology, Samsung Electronics, Hewlett-Packard, Toshiba, BAE Systems, STMicroelectronics, GlobalFoundries, Taiwan Semiconductor Manufacturing Company, United Microelectronics Corporation, Intel, and Western Digital, among others.
Samsung has been working on different iterations of PCM technology for over a decade. The company is mainly focused on is embedded use case within its cellular phones. Moreover, there is a scope for commercial storage devices as well.

The Global Phase Change Memory Market is segmented as follows:

Form Outlook (Revenue: USD Billion; 2016-2026)
Standalone
Embedded

Technology Outlook (Revenue: USD Billion; 2016-2026)
PCM as static RAM (SRAM)
PCM as DRAM
PCM as flash memory
PCM as storage-class memory (SCM)

Application Outlook (Revenue: USD Billion; 2016-2026)
Cell Phones
Enterprise Storage
Smart Cards
Automotive

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Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Answered by the Report:
Which market segment or sub-segment is expected to grow at the highest CAGR during the forecast timeline?
What is the forecast valuation of the Phase Change Memory market?
Who are the leading players in the industry? What are the weaknesses and strengths of these players?
What are the strategic business steps and initiatives taken by the key competitors in the industry?
What region is expected to dominate the market in the forecast period?

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