Global Resistive RAM Market - Segmented by Type (Resistive Random-Access Memory, Magneto-Resistive Random-Access Memory (MRAM)), Type of Memory (Discrete Memory, Embedded Memory), Type of Solution (NVMe SSD, NVDIMM), End-user Application (Consumer Electronics, Automotive, Enterprise Storage), and Region - Growth, Trends, and Forecast (2018 - 2023)
The resistive RAM market is expected to register a CAGR of 29.9%, during the forecast period (2018 - 2023). The scope of the report is limited to the type of RAM, memory, solution, and its various end-user application. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Resistive RAM is a type of non-volatile RAM. On power failure, Dynamic RAM loses all its unsaved content, where it is not the case with Resistive RAM.
Increase in connected devices and growing demand for enterprise storage are a few factors driving the growth of the market, where as high manufacturing costs is inhibiting its growth rate.
Increasing Demand of Connected Devices
Over the past few years, a significant increase in demand of connected devices, such as smart phones and wearables was seen. Resistive RAMs are used in these devices to increase the storage capacities. Moreover, with the upcoming of smart cities and smart homes, the connected devices are bound to increase, which, in turn, will increase the demand for resistive RAMs. Resistive RAMs have faster computing power as compared to ordinary RAMs, which will also increase its usage in devices, which requires faster computing, such as mobiles, tables, and many more.
Non-Volatile Dual In-line Memory Module (NVDIMM)
NVDIMM is a non-volatile solution that combines resistive RAM memory chips with controller and firmware. It delivers superior performance along with instant data recovery in case of power failure. NVDIMMs are most suited for cloud computing, mobile computing, data center, and many more.
Asia Pacific to Register the Highest Growth Rate
Asia Pacific is poised to register highest growth rate during the forecasted owing to growing connected devices and cloud computing market. Moreover, many organizations are establishing data centers in this region, which will also grow the demand of resistive RAM market. Developing nations, such as India, China, and Japan will drive the growth of the market in this region owing to increasing number of smart cities and growing infrastructure.
Key Developments in the Market