The global phase change memory market is expected to grow at a compound annual growth rate of 66.71% over the forecast period to reach a market size of US$12,450.978 million in 2026 from US$347.914 million in 2019. The development in the number of cell phone units' shipments, with the dispatch of innovative, progressed, and new solutions, is relied upon to drive the phase change memory market development, during the estimated time frame.