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The Global Universal Flash Storage Market size is expected to reach $4.4 billion by 2023, rising at a market growth of 18.1% CAGR during the forecast period. Growing demand for electronic devices which have superior performance and improved responsiveness, demand for wearable electronics, and rapid adoption of high-speed data transfer technologies have been the factors driving the growth of the universal flash storage market. Universal flash storage external cards help in power-efficient data transport, better performance levels, and doubling throughput via command queuing. Development of innovative memory solutions have been the priority to the market participants, as the demand for high-resolution movie playback, high-resolution 3D gaming, and high-end DSLR camera for enhanced multimedia experience is growing among the consumers. Due to superior performance and improved responsiveness of the consumer electronic devices, universal flash storage cards would gain tremendous adoption during the forecast period. Removable universal flash storage cards support multiple commands and enable simultaneous reading and writing, doubling throughput. The most power-efficient data transport and highest performance within the consumer electronic devices is therefore achieved due its efficiency.
Based on Capacity, the market report segments the Universal Flash Storage Market Size into 32 & 64 GB, 128 GB, 256 GB, and Others. Based on Configuration, the market report segments the market into Removable and Embedded. Based on Vertical, the market report segments the market into Smartphones, Laptops, Digital Cameras, Gaming Consoles & High-Resolution Displays, Automotive Electronics, and Others. Based on Regions, the Universal Flash Storage market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The Universal Flash Storage Market Analysis report covers the competition analysis of key stake holders of the Universal Flash Storage Market. Key companies profiled in the report include Samsung Electronics Co., Ltd., Toshiba Corporation, SK Group (SK Hynix, Inc.), Micron Technology, Inc., Phison Electronics Corporation, Inc., Silicon Motion Technology Corporation, Synopsys, Inc., Cadence Design Systems, Inc., LTI (GDA Technologies Inc.), and Arasan Chip Systems Inc.