PUBLISHER: The Business Research Company | PRODUCT CODE: 1873105
PUBLISHER: The Business Research Company | PRODUCT CODE: 1873105
Storage class memory SCM is a type of non volatile memory that bridges the gap between high speed DRAM and traditional NAND flash storage, offering both fast access times and persistent data retention. It combines the low latency and high endurance of memory with the persistence of storage, making it ideal for accelerating data intensive applications, enabling faster caching, tiered storage, and memory expansion in modern computing environments.
The main product types in storage class memory are persistent memory, non volatile memory, and hybrid memory. Persistent memory is a type of computer memory that retains data even when power is lost, combining the speed of traditional RAM with the durability of storage. It includes various memory types such as dynamic random access memory DRAM, flash memory, ferroelectric random access memory FRAM, magnetoresistive random access memory MRAM, and phase change memory PCM, and storage capacities include low capacity storage class memory, medium capacity storage class memory, and high capacity storage class memory. It is used in applications such as big data analytics, cloud computing, artificial intelligence AI, Internet of Things IoT applications, and virtualization, serving end users including information technology and telecommunications, consumer electronics, automotive, healthcare, aerospace and defense, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the information technology sector, particularly in hardware manufacturing, data infrastructure, and software deployment. Higher duties on imported semiconductors, circuit boards, and networking equipment have raised production and operational costs for tech firms, cloud service providers, and data centers. Companies relying on globally sourced components for laptops, servers, and consumer electronics are facing longer lead times and increased pricing pressures. In parallel, tariffs on specialized software tools and retaliatory measures from key international markets have disrupted global IT supply chains and reduced overseas demand for U.S.-developed technologies. To navigate these challenges, the sector is accelerating investments in domestic chip fabrication, diversifying supplier bases, and adopting AI-driven automation to enhance operational resilience and cost efficiency.
The storage class memory market research report is one of a series of new reports from The Business Research Company that provides storage class memory market statistics, including storage class memory industry global market size, regional shares, competitors with a storage class memory market share, detailed storage class memory market segments, market trends and opportunities, and any further data you may need to thrive in the storage class memory industry. This storage class memory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The storage class memory market size has grown exponentially in recent years. It will grow from $4.17 billion in 2024 to $5.30 billion in 2025 at a compound annual growth rate (CAGR) of 27.0%. The growth during the historic period can be attributed to growing demand for high speed memory, increasing adoption of data intensive applications, rising limitations of traditional DRAM and SSDs, growing need for low latency computing, and increasing enterprise digital transformation.
The storage class memory market size is expected to see exponential growth in the next few years. It will grow to $13.65 billion in 2029 at a compound annual growth rate (CAGR) of 26.7%. The growth during the forecast period can be attributed to growing adoption of artificial intelligence and machine learning workloads, rising demand for high performance computing, increasing expansion of cloud and edge computing, growing need for persistent memory solutions, and increasing enterprise investment in memory optimization. Major trends in the forecast period include technological advancements in non volatile memory technologies, innovations in persistent and hybrid memory designs, developments in high speed memory interconnects, research and development in memory class storage solutions, and advancements in interoperability and system level integration.
The growing demand for data centers is expected to drive the growth of the storage class memory market going forward. A data center is a facility equipped with servers, storage, networking, and power systems that organizations use to store, manage, and process large volumes of data. Demand for data centers is rising as more businesses adopt cloud computing to enhance scalability, ensure secure data management, and support the increasing need for seamless digital services across industries. Storage class memory supports data centers by providing high speed, persistent storage that bridges the gap between DRAM and traditional storage, improving performance, reducing latency, and supporting demanding workloads. For example, in September 2024, according to the National Telecommunications and Information Administration, a US based government department, the United States has over 5,000 data centers, with demand expected to grow at an annual rate of 9 percent through 2030. Therefore, the growing demand for data centers is driving the growth of the storage class memory market.
Major companies in the storage class memory market are focusing on developing innovations in memory technology products, such as persistent storage class memory chips, to enhance data access speeds, reduce latency, and increase system efficiency. Persistent storage class memory chips are a type of memory that combines the speed of RAM with the ability to retain data such as storage, enabling fast, low latency, and non volatile data access. For example, in October 2024, Xincun Technology, a China based semiconductor start up, launched a storage class memory chip called NM102, designed to combine the speed of DRAM with the persistence of NAND flash. This Optane such as memory uses phase change technology and a standard NAND interface to achieve microsecond level response times, offering performance that bridges the gap between traditional DRAM and NAND storage. By launching this chip, Numemory aims to fill the void left by Intel's Optane exit, targeting the high end storage market with a scalable and high speed solution. This advancement represents a significant step toward China's semiconductor self reliance.
In March 2022, NVIDIA Corporation, a US based provider of GPUs, AI computing platforms, and high performance computing solutions, acquired Excelero for $35 million. Through this acquisition, NVIDIA aims to strengthen and expand its enterprise software portfolio by integrating advanced high performance storage technologies, enabling faster and more efficient data handling, and optimizing communications across GPUs and Data Processing Units DPUs to better support demanding artificial intelligence and high performance computing workloads. Excelero is an Israel based provider of high performance software defined storage solutions, including storage class memory SCM and other high performance storage components.
Major players in the storage class memory market are Samsung Electronics Co. Ltd., Sony Corporation, International Business Machines Corporation, Hewlett Packard Enterprise, Fujitsu Ltd., SK hynix Inc., Toshiba Memory Corporation, Micron Technology Inc., Kioxia Holdings Corporation, Western Digital Corporation, Winbond Electronics Corporation, SMART Modular Technologies Inc., Rambus Inc., Xincun Technology, Everspin Technologies Inc., Macronix International Co. Ltd., Avalanche Technology Inc., FLexxon Pte Ltd., ChangXin Memory Technologies Inc., Crossbar Inc., Smart IOPS Inc., Adesto Technologies Corporation, and Weebit Nano Ltd.
North America was the largest region in the storage class memory market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in storage class memory report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the storage class memory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The storage class memory market consists of sales of persistent memory modules, memory expansion cards, caching and tiered storage solutions, byte-addressable SCM devices, and block-addressable devices. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Storage Class Memory Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on storage class memory market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for storage class memory ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The storage class memory market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.