San Jose, California (PRWEB) September 17, 2013
Follow us on LinkedIn – Over the next 5 weeks, GIA will complete an extensive secondary and primary research program involving some of the industry’s leading players and experts. The study will examine key drivers and trends impacting the market such as growing sales of MP3 players and Digital Still Cameras (DSC) which require removable storage solutions; broad market penetration as a result of USB flash drive standardization on all personal computing devices; increasing standardization of micro-USB flash drives on Android smartphones and tablets; emergence of USB 3.0 and 3.1 standard for high-speed data transfer; rising demand for customized USB flash drives; growing popularity of pre-loading of data files as a standard practice; and increasing demand for engraved or printed USB flash drives.
Defined as a removable flash memory storage device, USB flash drives have become an indispensable part of modern life. Key benefits of USB flash drives that have encouraged its mass adoption over the years include ease of use, portability, ability to store large volumes of data, higher read and write speed as compared to other optical storage devices, interoperability across all platforms, improvements in security in the form of password protection or encryption/decryption, and launch of the USB 3.0 standard in the year 2008. The coming years are forecast to witness strong demand for dual connector USB flash drives capable of connecting to a standard Type A-USB port and to a Micro-USB port. With most Android smartphones, tablets, and other portable OTG (On-the-Go) devices currently being manufactured with a micro-USB port as a standard feature, demand is set to grow further.
The market is also expected to receive a boost from the year 2013 launch of the USB 3.1 standard featuring SuperSpeed USB 10 Gbps transfer rates. The desire to lower costs and increase data transfer speeds will continue to drive the efforts towards increasing the memory capacity of USB drives. Manufacturers are focusing on continuously stretching the maximum memory capacity of flash drives. Flash memory capacities have been increasing over the years from 1GB to 256GB to 1TB. Development of pen drives with high memory densities, like the recent launch of Kingston Technology’s DataTraveler® HyperX® Predator 3.0 featuring 512GB capacity and a planned TB capacity variant, will help drive the migration towards USB 3.0 and 3.1.
In the coming years, R&D investments will be channelized towards developing flash memory devices with integrated female and male USB ports to enable file sharing capabilities without the use of computers or laptops. The ability to connect the male USB port to the female USB port of another flash drive to directly transfer files without bridge devices will elevate USB flash drives to the next level in portable data transfer, retrieval and storage.
The study estimates USB Flash Drives to be a multi-billion dollar market worldwide, while more precise market-size and growth projections for a 14-year period will be made available during the 2nd stage of report update, and data analysis.
The research and analyses will be released in the next 5 weeks in the form of a comprehensively updated research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modelled to offer precise and unbiased, actionable market insights including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
Developed for Manufacturers/Vendors, Strategic Planners, Business Development Executives, Management Consultants, Consulting Firms, Marketing & Sales Executives, C-Level Decision Makers, Market Strategists and Technology Domain Experts, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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