The universal flash storage market is valued at USD 1.65 Billion in 2017 and is estimated to grow at a CAGR of 18.3% to reach USD 4.50 Billion by 2023. This growth can be attributed to the growing demand for electronic devices with faster performance and improved responsiveness, rising adoption of high-speed data transfer technologies, and increasing demand for wearable electronics.
Request for Sample Pages:
https://www.marketsandmarkets.com/requestsample.asp?id=112970772
https://www.marketsandmarkets.com/requestsample.asp?id=112970772
The objective of the report is to provide a detailed analysis of the universal flash storage market by application, capacity, configuration, end use, and geography. The report provides detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the universal flash storage market. The report also gives a detailed overview of the value chain pertaining to the universal flash storage market and analyzes the market trends.
256 GB universal flash storage solutions play a significant role in the embedded applications wherein processing speed and high bandwidth is of utmost importance. For instance, due to the rising consumer awareness for safety, increasing environmental concerns, growing demand for connectivity, and improved fuel efficiency, the adoption of electronic components in the automobiles is increasing. On account of increasing consumer needs, the automotive manufacturers are steadily improving the overall automobile quality.
The important function of an embedded universal flash storage solution is to provide long-term product support, along with foreseeable performance. This is due to the devices utilizing the embedded universal flash storage configuration such as automotive electronics, gaming consoles, high-resolution displays, and laptops. The adoption of embedded universal flash storage configuration is limited in the initial stages. However, as the technology matures from the nascent stage of its adoption, this configuration is more likely to be gaining momentum in the coming years.
“North America is anticipated to lead the universal flash storage market between 2017 and 2023”
North America holds the dominant position in the universal flash storage market owing to the rapid adoption of advanced technology products by the consumers, such as e-readers, drones, smartphones, tablets, wearable electronics, and AR-VR products.
Major players operating in the universal flash storage market include Arasan Chip Systems Inc. (US), Cadence Design Systems, Inc. (US), GDA Technologies Inc. (US), Micron Technology, Inc. (US), Phison Electronics Corporation, Inc. (Taiwan), Samsung Electronics Co., Ltd. (South Korea), Silicon Motion Technology Corporation (US), SK Hynix, Inc. (South Korea), Synopsys, Inc. (US), and Toshiba Corporation (Japan).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
No comments:
Post a Comment