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Universal Flash Storage Market - Forecast to Reach $9.9 Billion by 2023

DUBLIN, October 13, 2017 /PRNewswire/ --

The "Universal Flash Storage Market - Global Forecast to 2023" report has been added to Research and Markets' offering.

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The universal flash storage market is estimated at USD 3.59 Billion in 2017 and is estimated to grow at a CAGR of 18.6% to reach USD 9.97 Billion by 2023. This growth is attributed to the increasing demand for electronic devices with faster performance and improved responsiveness, growing demand for wearable electronics, and rising adoption of high-speed data transfer technologies. Leading enterprises such as CIOs and CTOs are having a positive outlook of the market.

External cards are expected to lead the universal flash storage market based on application in 2017. Universal flash storage external cards aid in achieving power-efficient data transport, enhanced performance, and doubling throughput via command queuing. Key players are focusing on developing innovative memory solutions to cater to the growing requirements of consumers, such as high-resolution movie playback, high-resolution 3D gaming, and high-end DSLR camera for enhanced multimedia experience. For instance, Samsung Electronics Co., Ltd., in July 2016, launched the removable memory card line-up, with a capacity up to 256 GB. These removable memory cards are based on the JEDEC universal flash storage 1.0 card extension standard. These cards are meant for high-resolution mobile shooting devices, such as 3D VR cameras, DSLR cameras, drones, and action cams.

Based on capacity, the 512 GB segment is anticipated to register the highest CAGR between 2017 and 2023. Implementation of high-capacity universal flash storage solutions, such as 512 GB, is likely to transform the memory arena in the near future. Universal flash storage solutions with higher capacity, such as 512 GBI and greater than 256 GB, are anticipated to be implemented in the embedded applications. This is due to their extremely phenomenal performance, along with ultra-high data transfer rates. The ultra-high random read/write performance of up to 50,000/40,000 IOPS can be achieved with 512 GB universal flash storage solutions.

The market for removable universal flash storage cards is estimated to witness the fastest growth in the coming years. Owing to the faster performance and improved responsiveness of the consumer electronic devices, universal flash storage cards are anticipated to gain popularity in the near future. Removable universal flash storage cards support multiple commands and enable simultaneous reading and writing, doubling throughput. Due to this, most power-efficient data transport and highest performance in the consumer electronic devices is achieved.

Companies Mentioned

  • Arasan
  • Avery
  • Cadence
  • GDA IP Technologies
  • Micron
  • Phison
  • Samsung
  • Silicon Motion
  • Sk Hynix
  • Synopsys
  • Toshiba
  • Tuxera

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Universal Flash Storage Market, By Configuration

7 Universal Flash Storage Market, By Capacity

8 Universal Flash Storage Market, By Application

9 Universal Flash Storage Market, By End Use

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/9s8d3w/universal_flash

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Research and Markets
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View original content:http://www.prnewswire.com/news-releases/universal-flash-storage-market---forecast-to-reach-99-billion-by-2023-300536384.html

SOURCE Research and Markets

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