The global hybrid memory cube market estimated at USD 65.17 million in 2015 is projected to reach USD 475.06 million by 2020, at a CAGR of 48.78% over the forecast period. Hybrid memory cube promises energy efficient, high-bandwidth and high-density memory, which combines stacks of DRAM (Dynamic RAM) with logic.
Moore’s law states that “over the history of computing hardware, the number of transistors in a dense integrated circuit has doubled approximately every two years”. There are only so many transistors you can fit on a small motherboard meant for a mobile device which brings to light the limitations of the DRAM technology. Hence, the need for a new memory technology is driving the market for HMC’s. Due to the rapid proliferation of electronic devices, managing data systems is becoming increasingly complex. A new memory type with X15 times performance speed as compared to traditional DRAM is the need of the hour.
An increasing demand for mobility is putting a lot of emphasis on cloud-based storage solutions, positively impacting the market. Hybrid Memory Cube Consortium (HPCC), an initiative of Micron Technologies and Samsung is fiercely promoting the use and development of these memory systems, creating more awareness about the technology. However, competition from recently announced DDR4 and lack of a body recognizing the standards of HMC, constrain the market. Further, market trends indicate a decrease in average selling price of traditional DRAM memories, limiting the current HMC market.
The market is segmented on the basis of the type of technology used, RAM density, end-industry and by region. Currently, North America is the biggest market in the world, followed by Europe. Future predictions indicate the Asia-Pacific region to become a strong market in the upcoming years.
Key Market Players
Increasing adoption of cloud-based technologies and surge of big data provide ample opportunities for the technology to dominate the market in the future. The companies dominating the market in terms of products and technology development are:
Key Deliverables of the Study