NEW YORK, March 07, 2018 (GLOBE NEWSWIRE) -- Pen drive or USB drive is a lightweight, compact, portable, micro data storage device. They are useful for transferring large amount of data from one device to another. Currently, the storage capacity of pen drive ranges between 4GB to 32GB. It can be used to store documents, photos, music files, video clips and backup files. Now a days it has become part of life of professionals, students etc. The advantages of pen drive are easy to use, portable, convenient, compatible, durable, ability to store large volumes of data. Also it has higher read and write speed than optical storage devices.
It is interoperable across all platforms. The cost of pen drive is also very low as compared to external hard drives. Data stored in flash drives may get erased due to mechanical shock, magnetic fields, scratches and dust. But this does not happen with pen drive. The only disadvantage of pen drive is it has limited number of read and write cycles. Based on product type, global pen drive market is segmented into ≤8G, 16G, 32G and ≥64G. Manufacturers continuously focus on increasing memory capacity at lower costs and improving transfer speed of pen drives.
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The application areas of pen drive are Enterprises and Personal use. These innovations are driving the global pen drive market. Currently Europe accounts for largest market for pen drive or USB flash drive. Developing countries like India and China are also showing remarkable growth in this market. Economic growth, increasing demand of computing devices, smartphones, tablets and storage devices are the major driving factors of pen drive market in these regions.
Pen Drive Market: Product Type
• ≤8G
• 16G
• 32G
• ≥64G
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Pen Drive Market: End User / Application
• Enterprise
• Personal
Pen Drive Market: Companies Covered
• Kingston
• SanDisk
• Toshiba
• Netac
• Aigo
• TECLAST
• ADATA
• HP
Pen Drive Market report delivers comprehensive analysis of:
• Market Forecast for 2017-25
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis.
• End user/application Analysis
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