Storage Class Memory Market Size Drivers and Key Players Strategies Analyzed 2022-2031

The storage class memory market is projected to register a CAGR of 38.2% during the forecast period. The unique performance and reliability gap in the memory hierarchy is addressed by SCM. Being addressable in byte granularity and at the block level extends its use cases from high-performance storage cache to a replacement flash for faster storage media.

– In early 2019, HPE announced a partnership with Intel to bring storage class memory (SCM) technology to its HPE 3PAR and HPE Nimble Storage platforms. With this technology, HPE offered its storage platform users flexibility to upgrade their existing arrays using an Intel Optane solid-state disk-based caching tier. It led the necessary performance to run at most demanding workloads while enabling denser consolidation of workloads.
– Further, the capability to perform at near-memory speeds, along with ultra-high endurance and persistence through power outages, makes SCM appropriate across latency-sensitive applications, such as financial trading applications, analytics, applications leveraging direct-attached storage, and databases.
– According to an MIT survey, nearly 50 percent of the American workforce is currently working remotely due to the coronavirus pandemic. This drastic change has created a significant impact on IT infrastructures and has caused businesses to struggle with maintaining productivity. The market for client SSD is impacted mainly due to an even weaker PC market which is roughly two-thirds of all SSD exabytes shipped.

Click Here to Download Sample Report >>

Key Market Trends

Solid State Drive is Expected to Grow Significantly

– The expanding scope of NVMe, with NVMe Over Fabrics (NVMe-oF), the potential is observed across a wide array of devices and systems by becoming a critical element to storage class memories (SCMs) other than flash. As NVME is also used while transferring data to and from SSD, it is expected to grow during the forecast period.
– In 2019, players, such as SK Hynix, Toshiba, and Micron, were launching allied offerings. For instance, in August 2019, Toshiba launched its XL-FLASH product to be used as storage-class memory and as traditional SSDs. The XL-FLASH offering is based on a high speed, super-dense, single-level cell NAND, and the non-volatile properties, but with access times and write endurance closer to traditional DRAM.
– To cater to the high demand in the market, companies are increasing their storage capacity in solid-state drives. October 2019, Micron Technology Inc. announced the Micron X100 SSD based on non-volatile memory technology with 2.5 million input/output operations per second (IOPs) for SSD. With 9GB/s bandwidth in reading, write, and mixed modes, it superseded NAND offering by being three times faster.
– Moreover, in the United States, the adoption of the SATA interface solid-state drives in data centers aid to deliver faster data transfer with high signaling rates, small cable size, and efficient transfer with I/O queuing protocol. Such developments are expected to boost market growth.

Related Reports:

Storage Class Memory Market Size Drivers and Key Players Strategies Analyzed 2022-2031
Optocouplers Market Size Inclinations & Development Status Highlighted During Forecast Period 2022-2031
Organic Polymer Electronics Market Size Study Reveals Growth Factors and Competitive Outlook for Future 2022-2031
Dashboard Camera Market Size Projected to Deliver Greater Revenues during the Forecast Period 2022-2031
Quartz Crystal Oscillators Market Size Analysis & Growth Opportunities 2022-2031
Display Panel Market Size Insights on Share, Application and Forecast Assumptions 2022-2031
CMOS Image Sensors Market Size: Facts, Figures and Analytical Insights 2022-2031

Leave a Reply

Your email address will not be published.