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The growing demand for memory storage devices that are highly compact with maximum storage capacity represents one of the primary factors driving the USB flash drive market. Additionally, the rising awareness towards the benefits of using USB flash drives for data storage, such as ease of use, no reliance on battery or a power source for functioning, simplicity of the technology, etc., is further bolstering the product demand. Read More: https://www.syndicatedanalytics.com/usb-flash-drive-production-cost-analysis-report

The escalating demand for memory storage devices with maximum storage capacity is primarily augmenting the USB flash drive market. Additionally, the rising consumer awareness towards the several associated benefits of the product, including no reliance on batteries or a power source for functioning, ease of usage, compact size, simplicity of the technology, etc., is further catalyzing the market growth.

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According to a recent analysis by Emergen Research, the global USB flash drive market size was valued at USD 7.96 Billion in 2020 and is forecast to reach USD 14.20 Billion at a CAGR of 7.4% through 2028. The market growth is driven by rise in work-from-home culture and surging demand for electronic storage devices with flash memory. USB flash drives are in high demand owing to the advantages associated with the product, including compact size, light-weight, high-speed data transfer & storage capabilities, no reliance on power source or battery for functioning, simplicity of the technology, and ease of use. The product is also less prone to damage or corruption as compared to other storage devices like CDs and floppy disks. The introduction of USB 3.0 flash drives that offer a data transfer rate of 4.8 GB per second will further boost product proliferation in the coming years.

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