What is the current Storage Class Memory Market size?

The Storage Class Memory Market is projected to register a CAGR of 35.60% during the forecast period (2024-2029) Read More

Who are the key players in Storage Class Memory Market?

Hewlett Packard Enterprise, Everspin Technologies Inc., Crossbar Inc. , Micron Technology Inc. and Samsung Electronics Co. Ltd are the major companies operating in the Storage Class Memory Market. Read More

Which is the fastest growing region in Storage Class Memory Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Storage Class Memory Market?

In 2024, the North America accounts for the largest market share in Storage Class Memory Market. Read More

What years does this Storage Class Memory Market cover?

The report covers the Storage Class Memory Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Storage Class Memory Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Storage Class Memory Market - Share, Size & Trends

Storage Class Memory Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Storage Class Memory Manufacturers and the Market is Segmented By Application (SSD (Client SSD and Enterprise SSD), Persistent Memory (Data Center and Workstation)), and Geography (North America, Europe, Asia Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Storage Class Memory Industry Overview

The market for storage-class memory is consolidated due to the presence of major players like Samsung and Panasonic, who dominate the market with their offerings. Also, as the manufacturing cost is high for SCM, the entry for new entrants and gaining market share is challenging. Hence, the trend is expected to continue in the forecast period.

August 2022 - Kioxia announced a number of developments, including a new software-defined interface for the Linux Foundation's Software-Enabled Flash technology. The open source project departs from legacy HDD protocols by introducing customizable flash storage that uses the technology better. Kioxia also introduced a new PCIe Gen 5 SSD family and an update to its FL6 storage class memory (SCM).
March 2022 - Micron Technology, Inc. announced the release of the first 176-layer NAND SSD for data centers to be vertically integrated. The Micron 7450 SSD with NVMeTM satisfies the requirements of the most demanding data center workloads with a quality-of-service (QoS) latency of fewer than two milliseconds (ms), a wide capacity range, and the most form factors. Other storage-class memory (SCM), including 3D Xpoint.