USB Flash Drive Market
English Public
Market Snapshot.
The USB flash drive market size and share is projected to reach approximately USD 17.02 billion by 2035 from approximately USD 7.6 billion in 2022. According to our USB flash drive market analysis, the USB flash drive market is growing at a CAGR of around 12% from 2023 to 2035.
Market overview.
USB flash drives are plug-in removable compact portable storage devices based on flash memory technology with an integrated USB interface One of the key advantages of USB flash drives is that they can be used with any operating system, including Windows, MacOS, Linux and other operating systems, and is that they are compatible with all operating systems.
Growth factors for the USB flash drive market
High data transfer rates - USB flash drives are now mainly used for storage and backup due to their secure and fast transfers and excellent storage options USB flash drives are non-volatile memory storage options that do not erase data when powered off Uses flash technology. Transfer speeds range from 12 MBPS to 10 GBPS. The growing need for high-speed data transfer, especially in data centres, is expected to drive market growth. The increasing number of data centres across the globe is also expected to further boost the demand for USB flash drives market during the forecast period. There are around 8,000 data centres worldwide, with more than 2,700 data centres in the US alone.
Rising demand for efficient storage devices is also a major reason for the growth of the USB flash drive market.
Cheaper than other traditional storage devices, affordability and easy accessibility are among the main factors contributing to the mass adoption of USB flash drives USB flash drives have become popular in the market because they are ubiquitous and inexpensive compared to other storage devices. The average cost of a USB flash drive is about USD 18, while the average cost of a hard disk drive is about USD 260-300.
Multiple advantages over traditional storage mechanisms - USB flash drives offer significant advantages over traditional storage devices such as floppy disks, hard disk drives and CDs. They are less prone to breakage and corruption, do not require a power supply or battery to function, and do not require additional drivers depending on the application. Due to their many advantages, the sales volume of USB flash drives is increasing day by day. For example, in 2021, the global USB flash drive sales volume will reach approximately 54 million units.
Key trends in the USB flash drive market
In March 2023, KIOXIA Europe and Western Digital Corporation will launch their latest 3D flash memory technology based on scaling and wafer bonding technology.
In July 2020, Kingston Technologies Corporation, a leading USB flash drive manufacturer, launches three USB flash drive products with 128 GB storage capacity (DataTraveler Locker+ G3, DataTraveler Vault Privacy 3.0 and DataTraveler 4000 G2).
Regional overview of the USB flash drive market
According to our research, the USB flash drive market is analysed across North America, Asia Pacific, Latin America, Europe, Middle East and Africa. Of these, North America occupies an important position in the market. This growth is mainly due to stringent privacy laws and standards such as the Advanced Encryption Standard (AES), as well as heavy spending on R&D activities to enhance technology, which is further fuelling market growth in the region. For example, USB Drive 3.1 has a data transfer rate of 5 GB/s. Furthermore, there are market giants such as Western Digital Corporation and Kanguru Solutions, and significant investments by these companies are expected to further boost market growth in the region. For instance, Kanguru Solutions launched an AES 256-BIT hardware encrypted USB drive to protect critical information during the COVID-19 pandemic.
For more information on the market research report, visit: https://www.sdki.jp/reports/usb-flash-drives-market/60943
The USB flash drive market size and share is projected to reach approximately USD 17.02 billion by 2035 from approximately USD 7.6 billion in 2022. According to our USB flash drive market analysis, the USB flash drive market is growing at a CAGR of around 12% from 2023 to 2035.
Market overview.
USB flash drives are plug-in removable compact portable storage devices based on flash memory technology with an integrated USB interface One of the key advantages of USB flash drives is that they can be used with any operating system, including Windows, MacOS, Linux and other operating systems, and is that they are compatible with all operating systems.
Growth factors for the USB flash drive market
High data transfer rates - USB flash drives are now mainly used for storage and backup due to their secure and fast transfers and excellent storage options USB flash drives are non-volatile memory storage options that do not erase data when powered off Uses flash technology. Transfer speeds range from 12 MBPS to 10 GBPS. The growing need for high-speed data transfer, especially in data centres, is expected to drive market growth. The increasing number of data centres across the globe is also expected to further boost the demand for USB flash drives market during the forecast period. There are around 8,000 data centres worldwide, with more than 2,700 data centres in the US alone.
Rising demand for efficient storage devices is also a major reason for the growth of the USB flash drive market.
Cheaper than other traditional storage devices, affordability and easy accessibility are among the main factors contributing to the mass adoption of USB flash drives USB flash drives have become popular in the market because they are ubiquitous and inexpensive compared to other storage devices. The average cost of a USB flash drive is about USD 18, while the average cost of a hard disk drive is about USD 260-300.
Multiple advantages over traditional storage mechanisms - USB flash drives offer significant advantages over traditional storage devices such as floppy disks, hard disk drives and CDs. They are less prone to breakage and corruption, do not require a power supply or battery to function, and do not require additional drivers depending on the application. Due to their many advantages, the sales volume of USB flash drives is increasing day by day. For example, in 2021, the global USB flash drive sales volume will reach approximately 54 million units.
Key trends in the USB flash drive market
In March 2023, KIOXIA Europe and Western Digital Corporation will launch their latest 3D flash memory technology based on scaling and wafer bonding technology.
In July 2020, Kingston Technologies Corporation, a leading USB flash drive manufacturer, launches three USB flash drive products with 128 GB storage capacity (DataTraveler Locker+ G3, DataTraveler Vault Privacy 3.0 and DataTraveler 4000 G2).
Regional overview of the USB flash drive market
According to our research, the USB flash drive market is analysed across North America, Asia Pacific, Latin America, Europe, Middle East and Africa. Of these, North America occupies an important position in the market. This growth is mainly due to stringent privacy laws and standards such as the Advanced Encryption Standard (AES), as well as heavy spending on R&D activities to enhance technology, which is further fuelling market growth in the region. For example, USB Drive 3.1 has a data transfer rate of 5 GB/s. Furthermore, there are market giants such as Western Digital Corporation and Kanguru Solutions, and significant investments by these companies are expected to further boost market growth in the region. For instance, Kanguru Solutions launched an AES 256-BIT hardware encrypted USB drive to protect critical information during the COVID-19 pandemic.
For more information on the market research report, visit: https://www.sdki.jp/reports/usb-flash-drives-market/60943
by akiariku
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