London, 15 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global flash memory card market 2015-2019, which is estimated to grow at a CAGR of 4.4% during the forecast period of 2014-2019.
The need for storing high-quality content requires large memory space, which acts as a major driving force for the global flash memory card market. Optimization in technology along with enhanced durability, reduced size, low cost, and superior performance has led to the adoption of flash memory cards in numerous markets, industries, and applications, thereby supporting market growth.
“The adoption of microSD cards and its varieties, including microSDHC and microSDXC, is a major trend in the market. Smart devices are major revenue generators of this market. Moreover, chip manufacturers are developing and designing microSD cards, along with microSDHC and microSDXC,” says Faisal Ghaus, Vice President of Technavio.
Key Market Drivers
- Increased sales and adoption of smart devices
- Fast read-and-write cycles
- Demand for storage devices in cameras and camcorders
- Demand for smaller storage devices with high capacity and reliability
Key Market Trends
- Adoption of high-density memory cards
- Increased adoption of microSD cards
- Emergence of 3D NAND
Key Market Vendors
- Kingston
- Samsung Semiconductor
- SanDisk
- Toshiba Semiconductor
- Transcend
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
