DUBLIN, June 19, 2023 /PRNewswire/ -- The "Phase Change Memory: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Phase Change Memory estimated at US$678.6 Million in the year 2022, is projected to reach a revised size of US$17.9 Billion by 2030, growing at a CAGR of 50.5% over the analysis period 2022-2030.

PCM as DRAM, one of the segments analyzed in the report, is projected to record a 52.7% CAGR and reach US$9.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Pcm As Sram segment is readjusted to a revised 50.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $214.8 Million, While China is Forecast to Grow at 59.9% CAGR

The Phase Change Memory market in the U.S. is estimated at US$214.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.5 Billion by the year 2030 trailing a CAGR of 59.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 40.2% and 44.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 42.7% CAGR.

Select Competitors (Total 11 Featured) -

• IBM Corporation

• Intel Corporation

• Samsung Electronics Co., Ltd.

• STMicroelectronics N.V.

• Taiwan Semiconductor Manufacturing Company Limited

• Western Digital Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?

• Progress on Vaccinations: Why Should Businesses Care?

• With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic

• A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023

• Impact of COVID-19 on the Semiconductor Industry Exposes the Risk of Value Chain Modularity

• Among the Hammered Companies in the Supply Chain is the "Semiconductor Industry"

• Measuring the Impact of COVID-19 on the Semiconductor Industry in Terms of Disruption & Time to Recovery (In Months) as of May 2020

• Supply Chain Disruptions Impact a Large Number of Electronic Manufacturers: % Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of May 2020

• Semiconductor Trends for Specific End-Use Categories

• COVID-19 Pandemic Storm Warrants New Strategies to Help Semiconductor Leaders Secure New Lease of Life

• Falling Consumer Confidence Impacts Sales of Automotive and Consumer Electronics

• Industrial Activity Remain Subdued in 2020

• Global PMI Index Points for the Years 2018, 2019 & 2020

• Competitive Scenario

• Phase Change Memory - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• The Importance of Memory in Computing

• Phase-Change Memory: A Budding Market with Unmatched Growth Potential

• Compelling Applications of Phase-Change Memories

• North American Market Stays Strong with Technological Advances

• Developed Regions Remain the Primary Revenue Contributors for World Welding Machinery Market - Percentage Breakdown of Revenues for Developed Regions & Developing Regions (2020 & 2027P)

• Global Phase Change Memory Market - Geographic Regions Ranked by % CAGR (Revenue) for 2020-2027: China, Asia-Pacific, Rest of World, USA, Canada, Europe, and Japan

• Novel Phase Change Memory with Impressive Efficiency Set to Turn Heads

• Phase Change Memory (PCM): Definition, Scope, Evolution, Importance & Benefits

• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• High-Performance Computing (HPC) Offers Broad-based Opportunities for the Evolution of PCM

• Rise of High Performance Computing Opens Doors for Exploiting Novel Memory Architecture & Solutions: Global High Performance Computing Market (In US$ Billion) for Years 2020, 2022, 2024 and 2026

• Digitalization Wave & Parallel Rise in Demand for Datacenters to Spur Growth of PCM

• Beyond COVID-19 Lies a New Normal with New Opportunities for Datacenters

• This Means Increased Demand for Datacenter Memory & Storage Solutions

• As Data Reservoirs, Datacenters Have Become Information Powerhouses for Modern Day Organizations Needing Novel New Generation Memory Technologies: Global Datacenter IP Traffic (In Petabytes Per Month) for Years 2017 Through 2022

• Global Data Center IP Traffic Breakdown (in %) by Cloud and Traditional Data Centers for the Years 2017, 2019 and 2021

• Rapid Development of Internet of Things Devices to Spur Demand for Phase Change Memory

• The Growing IoT Ecosystem Creates an Urgent Need for Novel Memory Solutions: Global M2M/IoT Connections (In Billion) for Years 2019, 2021, 2023

• Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025

• Big Boost with Rising Uptake of Big Data Storage

• Number of Hyperscale Data Centers Worldwide (in Units) for the Period 2015-2021

• Research Touching Different Aspects to Enable Phase-Change Memory for Data Storage

• Trends in Consumer Electronics Sector Influence the PCM Market

• Post Pandemic Recovery in CE Sector to Augment Prospects

• Worldwide Shipments of Smartphones, Tablets, and Laptops (in Million Units) for the Years 2019, 2021 and 2023

• Phase Change Memory Market Posts Solid Gains with Skyrocketing Smartphone Demand

• Advanced Phase-Change Memory Options for Automotive Applications

• Rise of In-Memory Computing Bodes Well for Growth of PCM

• Growing Demand for Non-Von Neumann Computing to Overcome Memory Bottlenecks in Von Neumann Model Offers Robust Potential for Growth of PCM

• Brain-Inspired Computing: A New Innovation Using Phase-Change Memory

• Expanding Applications to Spur Medium to Long-Term Growth in the Market

• Key Issues Encountered with Phase-Change Memory Options

• Phase-Change Memory Eyes on Wide Horizons with Efforts to Address Limitations

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ga6md8

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