C&M: Global industry for flash memory cards to be driven by demand for highly compact, robust memory cards with maximum storage capacity
Global Flash Memory Cards Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 08:29:02
The Global Flash Memory Cards market is to grow at a CAGR of 1.74 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for highly compact, robust memory cards with maximum storage capacity. The Global Flash Memory Cards market has also been witnessing the increasing adoption of high-density memory cards by flash memory card vendors. However, the increasing number of portable devices with voluminous in-built memory could pose a challenge to the growth of this market.
One of the major trends witnessed in the Global Flash Memory Cards market is the increasing adoption of high-density memory cards. Flash memory card manufacturers are currently developing models that possess high storage capacities, which are on a par with USB flash drives and HDDs. Flash memory cards in the market currently have a maximum storage capacity of about 256 GB. Vendors are offering high storage capacity products to gain and retain new customers. Moreover, there is a trend among customers, especially among youngsters, to own memory cards with high storage capacities. To capitalize on this trend, vendors are providing flash memory cards with high storage capacities.
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