Press release
Flash Memory Market Trends and Opportunities by 2023; Key Players - IM Flash, Macronix, Samsung Electronics, Microchip Technology Inc., Toshiba Corporation, SanDisk®, Renesas Electronics and Sharp Electronics Corporation USA
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Flash memory is a non-volatile, electronic computer storage medium that can be erased electrically and re-programmed. It is used in universal serial bus (USB) drives, solid state drives (SSDs), computer random access memory (RAM), hybrid drives, handsets, digital camera, graphics cards, memory cards), and pagers.
The need to improve the NAND capacity in smartphones is expected to provide enormous growth opportunities to the global flash memory market in the future. Devices equipped with flash, retain data for a longer time whether the device is turned on or off.
The rotating disk technology based on magnetic storage dominates the flash memory storage industry. The advancements in semiconductor technology (such as the rotating disc technology) and reducing prices of flash memory are also expected to give a major boost to the global flash memory market in the near future.
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The market is characterized by intense competition. Increasing competition is expected to drive the flash memory market in the forecast period, as new manufacturers are continuously entering the market and existing manufacturers are introducing new products that meet the increasing demand for greater and efficient flash memory.
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