Techno World Resistive-Random-Access-Memory-Market | Page 2

has led to increasing demand for resistive random access memory. In addition to this, the
increasing installation of internet of things devices globally also provides scope for the growth of
the resistive random access memory market at global level. According to Coherent Market
Insights, approx. 17.7 billion internet of things devices were installed globally in 2016, and is
estimated to reach up to 30.7 billion by 2020.
The high costs of resistive random access memory has become one of the major challenges
hindering growth of this market. The innovation and implementation of new materials, over the
coming years, is expected to reduce costs and increase the demand for resistive random access
memory in various verticals.
Resistive Random Access memory Market Outlook – Asia Pacific holds the largest
market of the global resistive random access memory.
Asia Pacific held a dominant position in the global resistive random access memory market in
2016 and is estimated to retain its dominance throughout the forecast period. China and India
are some of the major countries that drive growth for the market in Asia Pacific. The increasing
consumer electronics and automotive industry fuels the demand for resistive random access
memory in Asia Pacific countries. In India, the production of the electronic market has generated
a revenue of US$36.2 billion in 2016, from US$31.6 billion in 2015 and is predicted to reach up to
$104 billion by 2020. The consumer electronic holds 8.3% of the total production of electronic
goods. Moreover, the resistive random access memory market in North America also plays a
major role in growth of the market. The increasing internet of things device market and rising
trend of body wearable devices, provides immense opportunity for growth of the resistive
random
access
memory
market
in
the
North
American
region.
Read detail market study @
https://www.coherentmarketinsights.com/ongoing-insight/resistive-random-access-memory-market-656
Key Companies of the Global Resistive Random-Access Memory Market
Crocus Nano Electronics LLC, Toshiba Corporation, Spin Transfer Technologies, Everspin
Technologies Inc., and Avalanche Technology Inc. are some of the key companies of the global
resistive
random-access
memory
market.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-
ready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.