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Mark Peters : August 9th 2017 - 08:45 CET

Flash memory market forecast

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Technavio ReportsFlash memory trends and forecasts by Technavio : According to the latest market report released by Technavio, the worldwide flash memory market is expected to grow at a CAGR of more than 11% during the forecast period. The flash memory report from Technavio provides an in-depth analysis of the global market in terms of revenue and emerging market trends. The detailed report also includes up to date analysis and market forecasts for various market segments and all geographical regions. The growth in the global flash memory market is expected to be driven by the increased demand for smartphones, smart wearables and others product segments. Technavio’s sample reports are free of charge and contain multiple sections of the original report.
Memory trends 2017

Memory trends 2017
The end-users are increasingly shifting from traditional computers to relatively more efficient laptops, tablets, and other smart devices, which are equipped with SSD memory. This trend is expected to continue during the forecast period resulting in driving the global flash memory market during the forecast period.

Technavio’s analysts categorize the global flash memory market into eight major segments by application. The top three segments based on application for the global flash memory market are outlined below.

Flash memory for mobile devices
The worldwide flash memory market for mobile devices is growing at a tremendous rate. There has been a vast surge in the total volume of information being stored, sent, and analyzed through the mobile devices.

These new devices require an efficient and effective storage system to store the SMS, call records, multimedia files, and others. The mobile devices employ flash memory as a non-volatile form of memory to store all the essential information in the device.

High-end smartphones

High-end smartphones
According to Chetan Mohan, a lead computing devices research analyst from Technavio, "Smartphones are portable, inexpensive, and have all improved features, leading to their increased adoption. Premium smartphones in the market offer high image quality with greater resolution, which requires higher memory space. In most of the mobile devices, NOR memory is mostly used to store the OS and default applications, while NAND memory is mostly used to store user data."

Flash memory for digital cameras and camcorders
The growing passion for digital photography among end-users, tourism and adventure activities, wildlife adventure activities, home events, and concerts are the primary factors driving the photography worldwide.

With the growing popularity of various social platforms such as Facebook, Instagram, and other platforms, digital cameras are increasingly used to share the videos and images online.

Camcorders used currently are pocket sized and are very portable. They can be carried anywhere without any inconvenience. These pocket-sized camcorders offer varied experiences to the users when compared to traditional camcorders that are mainly used for stable shooting. Camcorder devices also have a high-definition multimedia interface (HDMI), which helps connect the camcorder to an HD Smart TV.

Flash memory market forecast

Flash memory for desktop computers and laptops
The Personal Computer segment includes all forms of laptops and desktops. Growing demand for Solid State Drives (SSD), which is a form of flash memory, and an emerging secondary storage device propel the growth of this segment. The hard disk drive (HDD) is a form of non-volatile storage in a PC, laptop, or game consoles.

"The hard drives are basically the metal platters with a magnetic coating. HDD can store various forms of data like reports or movies and even games. An SSD is also similar in terms of performance when compared to a HDD such as saving data while the system is off or while booting the system," says Chetan Mohan.

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