|By Business Wire||
|January 10, 2014 05:49 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/8nmhq2/global_flash) has announced the addition of the "Global Flash Memory Cards Market 2014-2018" report to their offering.
The analysts forecast the Global Flash Memory Cards market 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.
The key vendors dominating this market space are Kingston Technology Corp., Samsung Semiconductor Inc., SanDisk Corp., Toshiba Electronics Europe GmbH, and Transcend Information Inc.
Other vendors mentioned in the report are Apple Inc., ADATA Technology Co. Ltd., Canon Inc., LG Electronics Inc., Micron Technology Inc., Nikon Corp., Nokia Corp., and Sony Corp.
Commenting on the report, an analyst from the team said: 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.
According to the report, one of the major drivers is the increasing demand for highly compact, robust memory cards with maximum storage capacity. The accessibility and awareness about this technology among a large number of customers has led to an increase in the demand for storage devices.
For more information visit http://www.researchandmarkets.com/research/8nmhq2/global_flash
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