Welcome!

News Feed Item

Magneto Resistive RAM (MRAM) Market Racing Towards a value of US$869.7 mn by 2024; Market Estimate, Size, Share Trends & Forecast up to 2024 - TMR

ALBANY, New York, November 30, 2016 /PRNewswire/ --

According to TMR, the global market for MRAM stood at US$41.2 mn in 2015. Expanding at an exponential CAGR of 44.20% during the period from 2016 to 2024, the market is likely to arrive at US$869.7 mn by the end of the forecast period. With a share of nearly 63%, second-generation MRAM (STT-MRAM) surfaced as the most favored product in this market in 2015. Supported by the introduction of new products and the significant rise in adoption across various applications, STT-MRAM is likely to continue to witness a high demand during the forecast period.

With a clear leadership of Everspin Technologies Inc., the global market for magneto resistive RAM (MRAM) demonstrate a highly consolidated structure, finds a report by Transparency market Research (TMR). The company alone occupied a share of more than 64% in the overall market in 2015. Spin Transfer Technologies, Avalanche Technology, Honeywell International, and Toshiba are some of the other leading manufacturers of MRAM across the world.

Hitherto, these companies were focusing on product development and innovation to improve their visibility. However, their focus is likely to shift towards strategic partnerships in the coming years in a bid to strengthen their market presence.

Asia Pacific to Continue as Key Contributor to Global MRAM Market 

Geographically, the global MRAM market is segmented into Europe, the Middle East, Asia Pacific, Latin America, and North America, states the report. Among these, MRAM finds the most prominent demand in Asia Pacific. Researchers project the trend to remain so over the forecast period on account of the advancing data center infrastructure in this region, propelled by the increasing penetration of internet and the growing usage of cloud computing. The regional market is estimated to generate nearly US$483.6 mn in revenues by the end of 2024.

Download exclusive Sample of this report http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15059

North America, which emerged second in this market in 2015, is likely to retain its position during the forecast period. The strong presence of leading vendors and the increase in research and development activities are projected to boost the North America market for MRAM significantly in the coming years. Besides, the augmenting need to curb data consumption and the growing count of computationally intensive applications are also projected to fuel the demand for MRAM devices considerably in the near future, creating lucrative growth opportunities for manufacturers in this region, notes the research study.

Rising Preference for Fast and Scalable Memory Devices to Reflect Positively on Demand for MRAM 

"The global demand for MRAM is heavily influenced by the rising preference for highly scalable, fast, power efficient, and non-volatile memory devices with low cost per bit in the consumer electronics, defense and aerospace, and enterprise storage industries," says the author of this study. Thanks to the ongoing expansion of the enterprise storage industry, the demand for MRAM is likely to augment substantially in the coming years.

Browse Regional PR at http://www.europlat.org/global-magneto-resistive-ram-mram-market.htm

Apart from this, the rise in the flexible and wearable electronics market is also expected to reflect positively on the sales of MRAM devices over the next few years. However, the high cost associated with the designing of these devices, which eventually results in the total cost increment, is projected to limit their application in the near future. The growing concerns over electromagnetic interference are also anticipated to hamper the growth of this market to some extent in the years to come, states the report.

The study presented here is based on a report by Transparency Market Research (TMR) titled "Magneto Resistive RAM (MRAM) Market - Global Industry Analysis, Trend, Size, Share, and Forecast 2016 - 2024."

Related Research Report by TMR: 

  • Non-Volatile Dual In-Line Memory Module Market: 

http://www.transparencymarketresearch.com/nvdimm-market.html

About Us 

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]


Website: http://www.transparencymarketresearch.com
Google+: https://plus.google.com/+Transparencymarketresearch


More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
"We focus on composable infrastructure. Composable infrastructure has been named by companies like Gartner as the evolution of the IT infrastructure where everything is now driven by software," explained Bruno Andrade, CEO and Founder of HTBase, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...