On Nov 14, the latest report “Global Enterprise Storage and Internet of Things MRAM Market 2025 by Manufacturers, Regions, Types and Applications, Forecast to 2031” from Global Info Research provides a detailed and comprehensive analysis of the global Enterprise Storage and Internet of Things MRAM market. The report provides both quantitative and qualitative analysis by manufacturers, regions and countries, types and applications. As the market is constantly changing, this report explores market competition, supply and demand trends, and key factors that are causing many market demand changes. The report also provides company profiles and product examples of some of the competitors, as well as market share estimates for some of the leading players in 2025.
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According to our latest research, the global Enterprise Storage and Internet of Things MRAM market size will reach USD 320 million in 2031, growing at a CAGR of 24.0% over the analysis period.
MRAM for enterprise storage is a non-volatile random access memory (MRAM) based on the magnetoresistive effect, designed specifically for enterprise-level data storage needs. It utilizes the changes in the magnetization direction of magnetic materials to store data. It offers high-speed read/write capabilities, high integration, and non-volatility. It can be used in enterprise data centers, server storage, and other scenarios, providing enterprises with efficient and reliable data storage solutions. MRAM for IoT is a MRAM optimized for the characteristics and needs of IoT devices. Its low power consumption, high-speed read/write speeds, high endurance, and non-volatility enable efficient data storage and fast access in IoT devices, supporting stable operation and data processing. In 2024, global enterprise storage and IoT MRAM production reached 8.54 million units, with an average selling price of US.20 per unit.
Market Drivers
Data Center Performance Upgrade Demand: Enterprise data centers face the challenges of rapidly growing data volumes and increasing data read/write speed requirements from applications. MRAM’s high-speed read/write capabilities meet data centers’ demand for high-performance storage and improve data processing efficiency.
Non-volatility Advantages: Data security and persistence are crucial in enterprise storage. MRAM’s non-volatility ensures data integrity during power outages or system failures, reducing the risk of data loss and meeting enterprises’ stringent data reliability requirements. The need for increased storage density: As enterprise data continues to accumulate, the density requirements for storage devices are increasing. MRAM, with its high integration density, can store more data within a limited space, helping enterprises reduce storage costs and space usage.
Large-scale deployment of IoT devices: With the rapid development of IoT technology, the number of IoT devices has exploded. These devices need to store large amounts of sensor data, device configuration information, and other information. The characteristics of MRAM make it an ideal choice for IoT device storage, meeting the storage performance and reliability requirements of IoT devices.
The rise of edge computing: Edge computing requires data processing and storage to be performed on devices close to the data source to reduce data transmission latency and bandwidth consumption. MRAM’s high read and write speeds and low power consumption enable edge computing devices to quickly process and store data, improving the real-time performance and efficiency of IoT systems.
Low power requirements: IoT devices are mostly battery-powered, with strict power requirements. MRAM’s low power consumption enables devices to operate for extended periods without frequent battery replacements, meeting the low-power design requirements of IoT devices. Market Challenges
High Cost: Currently, MRAM production costs are relatively high, making its products more expensive than traditional storage technologies such as DRAM and NAND Flash. This, to a certain extent, has limited the large-scale adoption of MRAM as the primary storage medium.
Technology Maturity: Although MRAM technology has made significant progress, its maturity still needs to improve compared to traditional storage technologies. Large-scale production and application may encounter technical challenges, such as yield control and process stability.
Incomplete Ecosystem: The enterprise storage sector already has a relatively mature ecosystem for traditional storage technologies, including hardware devices, software systems, and development tools. As an emerging technology, MRAM’s ecosystem is less mature, and compatibility with existing enterprise storage architectures may be problematic, requiring companies to invest more resources in technology integration and application development.
Memory Density Limitations: MRAM’s relatively large magnetic storage cells result in relatively low memory density. IoT devices that need to store large amounts of data may require more chip area to achieve the required storage capacity, which may impact device miniaturization and cost control. Intense market competition: The IoT storage market is highly competitive, with a variety of storage technologies available, such as Flash and EEPROM. These traditional storage technologies each have their own advantages in terms of cost and performance. MRAM needs further optimization in performance and cost to capture a larger share of the market.
This report is a detailed and comprehensive analysis for global Enterprise Storage and Internet of Things MRAM market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approval.
Enterprise Storage and Internet of Things MRAM market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type: Toggle MRAM、 STT-MRAM
Market segment by Application: Enterprise Storage、 Internet of Things
Major players covered: Everspin Technologies、 Avalanche Technology、 Honeywell、 Renesas、 Crocus Nano Electronics、 Samsung Electronics、 Cobham、 NVE Corporation
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Enterprise Storage and Internet of Things MRAM product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Enterprise Storage and Internet of Things MRAM, with price, sales quantity, revenue, and global market share of Enterprise Storage and Internet of Things MRAM from 2020 to 2025.
Chapter 3, the Enterprise Storage and Internet of Things MRAM competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Enterprise Storage and Internet of Things MRAM breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment Enterprise Storage and Internet of Things MRAM the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the Enterprise Storage and Internet of Things MRAM sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2024.and Enterprise Storage and Internet of Things MRAM market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Enterprise Storage and Internet of Things MRAM.
Chapter 14 and 15, to describe Enterprise Storage and Internet of Things MRAM sales channel, distributors, customers, research findings and conclusion.
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Enterprise Storage and Internet of Things MRAM
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
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