New york, Nov. 13, 2019 (GLOBE NEWSWIRE) -- The growing need for fast, low-cost, and energy-efficient memory solutions is driving the market for phase change memory rapidly.
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.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/2180
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.
Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/phase-change-memory-market
Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this report, Reports and Data have segmented into the global Phase Change Memory market on the basis of form, technology, application, and region:
Form Outlook (Revenue: USD Billion; 2016-2026)
Technology Outlook (Revenue: USD Billion; 2016-2026)
Application Outlook (Revenue: USD Billion; 2016-2026)
Order Now: https://www.reportsanddata.com/checkout-form/2180
Regional Outlook (Revenue, USD Billion; 2016-2026)
Browse more similar reports on Internet and E-Commerce category by Reports And Data
Blockchain in Media, Entertainment, and Advertising Market - https://www.reportsanddata.com/report-detail/blockchain-in-media-entertainment-and-advertising-market
Application Platform Market - https://www.reportsanddata.com/report-detail/application-platform-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.