Impact of COVID-19 on the ECC Memory Market
Error-correction code memory (ECC memory) is a type of computer data storage which detects and corrects the internal data corruption. It is used in the majority of the computers wherever data corruption is not acceptable under any circumstances, such as in financial or scientific computing. It differentiates and corrects errors in a single-bit memory. The growing demand for big data, which puts stress on memory for data compression, is fueling the need for ECC memory. Besides, the global proliferation of data centers and servers is also responsible for the growth of the market. During the COVID-19 pandemic, people have been staying within their homes, which has led to increased Internet usage. The heavy use of social media platforms has resulted in the generation of vast volumes of data, resulting in an upsurge in the construction of various data center facilities worldwide. Data centers are processing large volumes of information due to increased Internet usage for remote working, e-learning, streaming of online content, and other activities, which is driving the growth of the market.
During the current crisis, the increasing number of people working from home has raised concerns regarding data security. With the continually evolving data center environments, IT professionals may have to deal with various issues ranging from managing a diverse array of complex workloads to maintaining security from hackers. ECC memory helps in preventing the loss of data due to data writing errors or physical errors. On the flip side, the delays caused in the construction of various data centers across the world due to the global lockdown have hindered the market growth. Due to the COVID-19 pandemic, there are expected to be disruptions in the IT operations at the data centers. Companies have incurred more than 10% of revenue losses during the COVID-19 pandemic. Besides, the slowdown in the production of new smartphones is also hindering the growth of the ECC memory market marginally.
Number of Data Centers Worldwide (Units in Million)