Industry Background:
The global USB Memory Sticks market is expected to witness high demand due to the increasing demand for robust and compact memory storage devices that have the maximum storage capacity. A USB Memory Sticks is a device used for data storage that includes a flash memory and an integrated Universal Serial Bus (USB) interface. Most USB Memory Sticks are removable and rewritable. Physically, they are small, durable and reliable. The larger their storage space, the faster they tend to operate.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Kingston (United States), SanDisk (United States), Keyscaper (United States), Verbatim (United States), Transcend (Taiwan), Centon (United States), Lexar (United States), Corsair (United States), Kanguru Solutions (United States) and Patriot (United States) |
This growth is primarily driven by Rising Demand for Robust Memory Storage Devices and Growing Adoption of High-Density Cards Used for Data Storage.
Globally, a noticeable market trend is evident The Growing Demand for Faster Functioning Technology
The Computer Storage & Peripherals sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Kingston (United States), SanDisk (United States), Keyscaper (United States), Verbatim (United States), Transcend (Taiwan), Centon (United States), Lexar (United States), Corsair (United States), Kanguru Solutions (United States) and Patriot (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The trend is observed among the customers especially teenage and middle-aged groups, to possess storage devices with the highest storage capacities. To take advantage of this trend, manufacturers are offering flash cards and USB flash drives with high storage capacities.
Key Developments in the Market:
On 21st October 2019, Kingston Digital Europe Co LLP, the Flash memory affiliate of Kingston Technology Company, Inc., a world leader in memory products and technology solutions, today announced it is shipping the KC600 SATA SSD. Designed for use in desktop and notebook workloads, KC600 is a full-capacity SSD that provides remarkable performance. It comes in a 2.5″ form factor using the SATA Rev 3.0 interface with backward compatibility.
5th August 2019, Kingston Digital, Inc., the Flash memory affiliate of Kingston Technology Company, Inc., a world leader in memory products and technology solutions, today announced it is shipping the A2000 NVMe™ PCIe SSD. The single-sided M.2 drive is Kingston’s next-gen entry-level, consumer NVMe PCIe SSD utilizing 3D NAND. A2000 delivers efficient performance, lower power, and lower heat all at a lower price, making it the perfect storage upgrade solution for Ultrabook™ and notebook users.
Influencing Trend:
The Growing Demand for Faster Functioning Technology and Increasing Demand due to Quality Enhancement
Market Growth Drivers:
Rising Demand for Robust Memory Storage Devices and Growing Adoption of High-Density Cards Used for Data Storage
Restraints:
The Rising Concern Regarding Substitutes of the USB Memory Sticks
Opportunities:
Technological Advancement in the USB Memory Sticks and Rising Demand due to Online Distribution Channel
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in USB Memory Sticks Market
- Analysis about New Entrants in USB Memory Sticks Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, USB Memory Sticks Study Sheds Light on
The USB Memory Sticks Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the USB Memory Sticks industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where USB Memory Sticks industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.