Albany, NY -- (SBWIRE) -- 11/14/2016 -- A research report by Transparency Market Research (TMR) offers a comprehensive assessment of the global market for resistive random access memory (RAM). The report is titled "Resistive RAM Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024" and it examines the current and the historical performance of this market to determine its future status.

According to the research study, the global market for resistive RAMs will expand tremendously in the near future. The inherent benefits such as the improved system speed and simplified memory management offered by resistive RAMs is likely to bolster its demand across the world. The increasing demand for advanced mobile memory chips is also projected to contribute substantially to the growth of this market over the next few years.

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On the other hand, the design cost associated with resistive RAMs may pose a threat to the otherwise steadily growing market. With the shortage of all-inclusive production techniques, the design and process costs are expected to increase a bit, which may hamper the market's growth to some extent in the coming years. Besides, several issues, such as incompatibility and inconstancy may limit the demand for these devices over the forthcoming years, states the research report.

Further, the research report talks about the applications of resistive RAMs. Predominantly, these memory devices are deployed into smartphones to boost their storage capacities. These devices also find a widespread application in industrial processes and mixed workload usage, owing to their mass storage feature.

Another prominent application area of resistive RAMs is smartcards, where these devices are used for performing tasks such as application processing and data storage. Since a huge amount of data is needed to be stored and accessed at compact space and low power in enterprises, they have also emerged as a key application area for resistive RAMs. Enterprises find it particularly challenging to manage data with traditional disk drive technologies. Resistive RAMs, in such cases, prove to be an effective and convenient data management device, notes the market study.

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The research report also presents an analysis of the competitive landscape of the global market for resistive RAMs by evaluating the profiles of key participants in order identify the existing market hierarchy. Avalanche Technology Inc., Adesto Technologies Corp. Inc., Everspin Technologies, Crossbar Inc., Fujitsu Ltd., Samsung Electronics Co. Ltd., Winbond Electronics Corp., Panasonic Corp., Micron Technology Inc., Cypress Semiconductor Corp., and SK Hynix Inc. are some of the leading market participants mentioned in this research study.