CAM provide high-speed search function in single clock cycle.CAM can be used to accelerate any applications ranging from local area networks, database management, file storage management, pattern recognition, artificial intelligence. Networking applications requires low power and increased speed. In this paper, the authors proposed a high speed low power CAM for data compression. CAMs can be used in data compression techniques as a translation table. Since a good portion of a compression algorithms time is spent searching and maintaining these data structures, replacing them with a hardware search engine can greatly increase the throughput of the algorithm.