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Engagement Rings
Magneto Resistive RAM market to represent a significant expansion at 44.20% CAGR by 2024
by harsh143 · October 21, 2018
In a highly consolidated vendor landscape Black Mike Shannon Jersey , Everspin Technologies Inc. displays clear leadership in the global magneto resistive RAM market, finds Research Report Insights (RRI) in a latest report. The company held a share of more than 64% in the overall market in 2015. Some other key players in the聽magneto resistive RAM market聽are Spin Transfer Technologies, Honeywell International, Avalanche Technology Black Mike Matheny Jersey , and Toshiba.
Report For Sample with Table of Contents@聽
Product development and innovation are some of the key growth strategies that leading players were focused on so far. However, these companies are increasingly shifting focus towards strategic alliances and business partnerships to strengthen their position in this market.
As per the RRI report, the global magneto resistive RAM market was valued at US$41.2 mn in 2015. Escalating at a CAGR of 44.20% between 2016 and 2024, the market is likely to be valued at US$869.7 mn by the end of 2024. Depending upon product Black Michael Wacha Jersey , second-generation MRAM (STT-MRAM) with a share of close to 63% led the overall market in 2015. With the introduction of new product variants and significant demand for a host of applications, STT-MRAM segment is likely to continue to remain at the fore over the forecast period.
In terms of application, key segments into which the magneto resistive RAM market include enterprise storage, automotive Black Matt Holliday Jersey , defense sectors, consumer electronics, and robotics. Among these, magneto resistive RAM finds most prominent application in the enterprise storage sector. Magneto resistive RAM helps improve networking and data center fault recovery systems in enterprise storage solutions. This helps reduce downtime Black Matt Carpenter Jersey , which in turn translates into increased productivity. This factor is likely to boost the adoption of magneto resistive RAM in the enterprise storage sector.
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