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Nonvolatile Random Access Memory Market Pegged for Robust Expansion During 2017 -2025
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Today, with the increasing need of power the time has come for alternative technologies. As compared to NVRAM, other technologies such as DRAM and SRAM can hold data only when power is available. However, NVRAM using a 24-pin (DIP) integrated circuit chip, helps it to gain the power required to function from a small and more reliable battery called CMOS on the motherboard. Moreover, very less power is required in case of NVRAM. It also very fast than volatile memory for both reading and writing. Apart from being very fast and denser than other RAMS, it is highly resistant to environmental forces.
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The demand for high performance with reliability and endurance in mobile devices promises significant growth opportunity for Nonvolatile Random Access Memory Market. The growing demand of smartphones in developing countries such as India and China is expected to drive the growth of non-volatile random access memory market. Moreover, it provide excellent performance when compared to other non-volatile memory products is one of the major driver of NVRAM.
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Asia Pacific is expected to be the largest market of global NVRAM market, due to increasing popularity of mobile devices across the developing countries, followed by North America as majority of NVRAM companies such as Cypress Semiconductor Corporation, Maxim Integrated and Everspin Technologies Inc are based in North America region and they are also investing in the field of NVRAM of local market. Further, the market is expected to witness higher growth in regions such Europe and Middle East.
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