London, 30 March 2015 – Technavio has published a new report on the Global NAND Flash Market, which is expected to grow at a CAGR of 10.1 percent from 2015-2019.
The latest report by Technavio draws attention towards the increase in sales of smartphones and tablets that has affected the adoption of NAND flash memory. Big market players like Apple and Samsung are increasingly using NAND flash memory in their smartphones.
“The success of the Apple iPad and significant growth potential has prompted other leading mobile and PC OEMs to enter the tablet market. The increased sales of smartphones and tablets with high-density NAND flash memory is expected to boost the market growth,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes the declining ASP of NAND flash, which is an important factor expected to contribute to positive market projections. The primary factors responsible for this price reduction are lower raw material and manufacturing costs and increasing R&D spending by manufacturers.
“The declining ASP of NAND flash will drive its adoption and will also help smartphone, SSD, computing devices and tablet PC manufacturers to expand their target market,” says Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
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