Global USB Flash Drive Market Overview:
The USB flash drives market began the high-volume unit shipments, which provides consumers with an alternative solution for the transfer of storage of data-rich content. It provides consumers with a compelling alternative to conventional removable storage media by leveraging the seemingly ubiquitous interface. Technology advancements are expected to broaden the driveís penetration into the new applications as consumer awareness increases. Some of the key players profiled in the study are Hewlett Packard Enterprise (United States), Kingston Technology Corp. (United Kingdom), Lexar Media Inc. (United States), SanDisk (United States), Seagate Technology (United States), Sony Corp. (Japan), Toshiba Corp. (Japan), Verbatim Americas LLC. (Japan), LaCie (France), Kanguru Solutions (United States), Transcend Information (Taiwan), Datalocker (United States), Apricorn (United Kingdom), Integral Memory (England), iStorage (United Kingdom) and Axiom (United States).
On the basis of geography, the market of USB Flash Drive has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. 4GB will boost the USB Flash Drive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Host Type, the sub-segment i.e. IOS will boost the USB Flash Drive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Style Type, the sub-segment i.e. Metal will boost the USB Flash Drive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Trend of Storing Digital Information
- Increasing Demand of Robust and Compact Memory Storage Devices
- Rise in Demand of Technology Enhancement in Storage Devices
- Increase Demand of 64 GB USB Capacity
- Increase in Number of Portable Devices with In-Built Storage Is Become the Major Factor to Limit the Growth of USB Flash Drive
- Itís small in Size, Great Speed, And High Compatibility Results Increasing Demand among End-User, Across the Globe
- Data Leakage
- Information Loss
- Corruption of Data
- Virus Transmission
Major Market Developments:
In Apr 2019, ADATA Technology Announced The Launch Of ADATA UV350 USB Flash Drive. Which Has Excellent Portability, Comes With 64 GB Of Storage Space And USB 3.1 For Hassle Free Storage. Additionally, In Jun 2018, Sandisk Announced The Launch Of Its Latest Ultra Fit USB 3.1 Flash Drive, Which Has 16 GB Storage Model And Goes Up To 256 GB Storage Variant. It Deliver Up To 130 MB/S Read Speed.
Major Players Are Focusing Towards Technology Advancement By Improving Their Offerings And Also Focus Towards Organic And Inorganic Growth Strategies For High Revenue Generations.
Key Consulting Companies & Advisors, Large, Medium-Sized, and Small Enterprises, Venture Capitalists and Value-Added Resellers
Major Objectives Focused through this Study
To define, describe, and forecast the Global USB Flash Drive market on the basis of product [Drive Generation 1.0, Drive Generation 2.0 and Drive Generation 3.0] , application [Personal Data Transport, Secure Storage of Data and Software Files, Computer Forensics, Updating Motherboard Firmware, Audio Player and Media Storage], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the USB Flash Drive market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the USB Flash Drive industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Maxell (Japan), BSN (China) and Netac (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the USB Flash Drive market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.