USB Sales Expected to Peak Half Trillion By 2015
Global USB Flash Drives Market to Reach 568.98 Million Units by 2015, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on USB Flash Drives. The world market for USB Flash Drives, by volume sales is projected to reach 568.98 million units by 2015. The market currently witnesses challenges manifested in the form of the ongoing recession and resulting erosion in consumer confidence.
San Jose, CA (PRWEB) February 17, 2010 — With data storage needs evolving from “dumb” storage models, such as, compact flash cards, SD cards, floppy drives, CDs, smart media, and other removable storage devices, to more intelligent self-computing portable storage solutions, its USB flash drives’ time in the sun. With a long list of benefits stacked in its favor, USB flash drives are outshining other types of storage devices in the marketplace. The market over the last couple of years witnessed heady growth patterns. The ongoing global economic recession has, however, put the USB Flash Drives market on a “high alert” after forcing a retarded growth in the volume sales, as seen in 2008 and early 2009. Given the intense competition and deceleration in growth in USB flash drives market, innovation will be the name of the game for industry players. Continuous, and effervescent innovation remains critical in ensuring sustained kindling of customer enthusiasm. In short, incorporation of new value-added features and services into USB flash drives, such as, creative industrial designs and form factors will help keep customer interests sufficiently ignited.
As stated by the new market research report on USB Flash Drives market, Europe and Asia-Pacific collectively account for a major share of the global USB Flash Drives market. The sluggish growth in the market can primarily be attributed to tightened budgetary conditions and reduced spending triggered by the financial crisis, the impact of which continues to diffuse in the marketplace. The economic slowdown and the resulting erosion in consumer confidence, steadily deteriorating consumer sentiment as a result of falling incomes, and reduction in household wealth, is forcing individual consumers the largest consumer cluster for USB drives, to curtail their discretionary spends. The unfriendly retail conditions, primarily induced by the recession are forcing small-time manufacturers to cease operating in this segment thereby hampering production of USB drives. The market however can take heart from the positive trends such as the growing popularity of Secure USB Flash Drives and introduction of several customized USB models into the market.
USB Flash Drives: A Global Strategic Business Report
Key players in the marketplace include Add On Technology Co., Ltd, Buffalo Technology, Corsair Memory, Inc, Edge Tech Corporation, Fabrik, Inc, Kingston Technology Company, Inc, Lexar Media, Inc, Memorex Products, Inc, MXI Security, PNY Technologies, Inc, SanDisk Corporation, Sony Corporation, and Transcend Information, Inc.
The report titled “USB Flash Drives: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a review of noteworthy market trends, growth drivers and issues. The report in addition also enumerates recent mergers, acquisitions, and other strategic industry activities. The study provides market estimates and projections in value for global market, and in volume for the US, Japan, Europe, Asia-Pacific and Rest of World.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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Tags: custom flash drive
Rich Gates
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