The product is also less prone to damage or corruption as compared to other storage devices like CDs and floppy disks. 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 market growth is driven by rise in work-from-home culture and surging demand for electronic storage devices with flash memory.The USB flash drive market report focuses on the economic developments and consumer spending trends across different countries for the forecast period 2020 to 2028. The research further reveals which countries and regions will have a better standing in the years to come. Besides, the special mention of major market players adds importance to the overall market study.
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Key Findings In the Report:
Research Methodology
A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis.
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.
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.
Major market player in the USB flash drive market include 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.
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
Regional Outlook (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (U.K.) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (India) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
Middle East Africa (Saudi Arabia) (U.A.E.) (Rest of MEA)
period.
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Table of Content
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. USB Flashdrives Market Segmentation Impact Analysis
4.1. USB Flashdrives Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rapid penetration of USB 3.0
4.2.2.2. Increasing need to store data
4.2.3. Market restraints analysis
4.2.3.1. Development of alternative product
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. USB Flashdrives Market By Product Type Insights Trends, Revenue (USD Billion)
Chapter 6. USB Flashdrives Market By Application Insights Trends, Revenue (USD Billion)
Chapter 7. USB Flashdrives Market By Distribution Channel Insights Trends Revenue (USD Billion)
Chapter 8. USB Flashdrives Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Continue…
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