Global OTG Pen Drive Market Overview:
OTG (On-The-Go) Pen Drive is a standardized specification that allows a device to read data from a USB device without requiring a PC. A pen drive that could be plugged into the Micro USB slot of the mobile phone, it is good option for the phones with no memory card slot. OTG Pen Drive allows USB devices such as USB flash drives, digital cameras, mice or keyboards to be attached to Smart Phones.
Growth Drivers
- Growing Demand for Smartphones without Memory Card Slots
- Increasing Adoption of Hybrid Memory Arrays with Reprogrammable
Roadblocks
- Smartphone which do not Support the USB On-The-Go Function
- The Compatibity of Device
Opportunities
- Emergence of Internet of Things
Challenges
- Rising Adoption of Cloud Storage
- It have a Limited Number of Write and Erase Cycles before Failing
Competitive Landscape:
The companies are exploring the market in new regions by expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies
Some of the key players profiled in the report are SanDisk (United States), Kingston (United States), Samsung Electronics Co. Ltd. (South Korea), Toshiba Corporation (Japan), Transcend Information, Inc. (Taiwan), Sony Corporation (Japan), Lexar Media, Inc. (United States), ADATA Technology Co., Ltd. (Taiwan), Verbatim (Japan), Lenovo Group Ltd. (Hong Kong), HP (United States) and Western Digital (United States). Analyst at AMA Research see Taiwan and United States Players to retain maximum share of Global OTG Pen Drive market by 2027. Considering Market by Distribution Channels, the sub-segment i.e. Online will boost the OTG Pen Drive market. Considering Market by Storage Capacity, the sub-segment i.e. 4GB will boost the OTG Pen Drive market.
What Can be Explored with the OTG Pen Drive Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global OTG Pen Drive Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in OTG Pen Drive
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global OTG Pen Drive market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in OTG Pen Drive market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of OTG Pen Drive, Suppliers of OTG Pen Drive, Wholesalers, Distributers and Retailers of OTG Pen Drive, Electronic Industry and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.