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USB Flashdrives Market Trend, Key Players Analysis and Forecast To 2028

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USB Flashdrives Market Trend, Key Players Analysis and Forecast To 2028

August 16
18:04 2021
USB Flashdrives Market Trend, Key Players Analysis and Forecast To 2028
Surging demand for reliable data back-up storage options that retain information without relying on power sources or batteries is a key factor driving USB flash drives market growth

The latest USB Flashdrives market research report is a compilation of the latest growth trends and the emerging market segments. The report adeptly draws reader’s attention to the ever-changing patterns of the USB Flashdrives industry and its prominent facets, infrastructural properties, and highly dynamic environment. The report lists down some critically important parameters that help the market bolster its global foothold and contribute substantially to future revenue generation. Our team of experts has included specific details related to the USB Flashdrives industry, such as product offerings, sales and revenue estimates, leading regions, key market contenders, and technological upgradation in the report.

According to a recent analysis by Emergen Research, the global USB flash drive market size was valued at USD 7.96 Billion in 2020 and is forecast to reach USD 14.20 Billion at a CAGR of 7.4% through 2028. The market growth is driven by rise in work-from-home culture and surging demand for electronic storage devices with flash memory.

USB flash drives are in high demand owing to the advantages associated with the product, including compact size, light-weight, high-speed data transfer & storage capabilities, no reliance on power source or battery for functioning, simplicity of the technology, and ease of use. The product is also less prone to damage or corruption as compared to other storage devices like CDs and floppy disks. The introduction of USB 3.0 flash drives that offer a data transfer rate of 4.8 GB per second will further boost product proliferation in the coming years.

High demand for compact and easy-to-use storage devices with optimum storage capacity will influence USB flash drives industry expansion during the forecast period.

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The report by Emergen Research, titled ‘Global USB Flashdrives Market,’ studies a wide spectrum of factors impacting the performance of the USB Flashdrives market. The report includes a historical analysis of the market from 2017 to 2018 to provide the reader with a deep understanding of the current market scenario. Moreover, it offers accurate market estimations for the forecast period (2019-2028).

The report is the latest document encompassing the profound changes in the market dynamics and trends that followed the COVID-19 outbreak. The global health crisis has led to massive changes in the global economic scenario and, particularly, this business sphere. The pandemic has drastically affected the USB Flashdrives market with disruptions to supply chains and volatility in prices and demands. The remarkable impact of the pandemic on the USB Flashdrives industry and its crucial segments has been depicted in the report. However, the market is expected to regain momentum in the post-COVID scenario, as per market experts.

Competitive Landscape:

The research offers an in-depth survey about the performance of each key player in the USB Flashdrives market. It provides information about their current advancements and key market strategies. The USB Flashdrives report also aims to provide additional information about suppliers, buyers, and manufacturers. The study offers a comprehensive analysis of market share, consumption, growth rate, and product type, and application growth. It further offers comprehensive coverage of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. The company profiles of the established and new players have also been assessed in the USB Flashdrives report through effective analytical tools like SWOT analysis.

Top key Companies in USB Flashdrives Market are:

Toshiba Corp, Sony Corporation, Micron Technology, Verbatim Americas LLC, Hewlett Packard Enterprise, Kingston Technology Corp, SanDisk, Seagate Technology, Samsung Electronics, and Lexar Media Inc. among others. These industry players are engaged in various research and development activities to innovate and offer efficient USB technologies.

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Segmentation Landscape:

The report further segments the USB Flashdrives market on the basis of product types and application spectrum offered in the market. The report also offers insights into the segment expected to show significant growth over the projected period. The study focuses on the growth rate of every segment and is explained through detailed graphs, figures, charts, and tables. These segments are analysed on the basis of present, emerging, and future trends. The regional segmentation provides current and forecast demand estimation for the USB Flashdrives industry in key regions.

Emergen Research has segmented the global USB flash drive market on the basis of product type, application, distribution channel and region:

  • Product Type Outlook (Revenue, USD Billion; 2018-2028)
    • 8GB
    • 16GB
    • 32GB
    • 64GB
    • 128GB
    • Others
  • Application Outlook (Revenue, USD Billion; 2018-2028)
    • Personal
    • Commercial
  • Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
    • Online
    • Offline

Key Findings In the Report:         

  • Based on application, the commercial segment is projected to gain major traction during the analysis period. This can be attributed to high performance and reliability of USB flash drives for data storage applications in transportation, casino gaming, networking & communications, aerospace & military, industrials, healthcare sector, and others.
  • Based on distribution channel, the online segment account for largest market share in the base year and is forecast to register significant growth through 2028. This can be attributed to the availability of wide-range of USB flash drives on online platforms. Buying products online saves times as well as money due to competitive discounts. Rising trend of online shopping among consumers due to wide range of product options, multiple payment options, and discounts will drive the sales of USB flash drives through online distribution channels.
  • Asia Pacific is expected to contribute make major revenue contributions to the global USB flash drive market and register significant growth rate during the forecast period. This can be attributed to factor like steady economic growth, increasing consumer spending on electronic products, and high consumption of computing and data storage devices in the region. In addition, rapid proliferation of smartphones and cameras requiring high-speed storage option will further bolster the demand for USB flash drives in the coming years.

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Regional Landscape:

The report gives a comprehensive analysis of the USB Flashdrives market at the global and regional level, and the forecast has been presented in terms of value and price for the period of 8 years from 2020-2027. The report covers an extensive study of the market drivers and restraints on the global scale and provides an impact analysis of those market drivers and restraints on the demand and supply ratio for the USB Flashdrives market throughout the forecast period.

The complete regional analysis covers:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The Global USB Flashdrives Market is formulated through extensive primary and secondary research, which is further validated and verified by industry experts and professionals. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. Moreover, the report also offers a feasibility study and investment return analysis to assist the readers in making strategic investment plans.

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Key takeaways of the Global USB Flashdrives Market report:

  • The report sheds light on the fundamental USB Flashdrives market drivers, restraints, opportunities, threats, and challenges.
  • It elaborates on the new, promising arenas in the leading USB Flashdrives market regions.
  • It examines the latest research & development projects and technological innovations taking place in the key regional segments.
  • The research report reviews the regulatory framework for creating new opportunities in various regions of the USB Flashdrives market
  • It focuses on the new revenue streams for the players in the emerging USB Flashdrives markets.
  • Furthermore, the report offers vital details about the rising revenue shares and the sizes of the key product segments.

Overview of the TOC of the Report:

  • Introduction, Scope, and Overview
  • Opportunities, Risks, and Drivers
  • Competition landscape analysis with sales, revenue, and price
  • Extensive Profiling of the USB Flashdrives key competitors with the sales figures, revenue, and market share
  • Regional analysis with sales, revenue, and market share for each region for the forecast period
  • Country-wise analysis of the USB Flashdrives market by type, application, and manufacturers
  • USB Flashdrives Market Segmentation based on types
  • USB Flashdrives Market segmentation based on applications
  • Historical and forecast estimation

Media Contact
Company Name: Emergen Research
Contact Person: Eric Lee
Email: Send Email
Phone: +1 (604) 757-9756
Address:14671 110 Avenue Surrey, British Columbia, V3R2A9
City: Surrey
State: British Columbia
Country: Canada

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