Technavio Publishes New Report Detailing Market Drivers, Challenges and Trends in the Global NAND Flash Market 2015-2019
April 2, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the Global NAND Flash Market, which is expected to grow at a CAGR of 10.1 percent from 2015-2019.
The latest report by Technavio draws attention towards the increase in sales of smartphones and tablets that has affected the adoption of NAND flash memory. Big market players like Apple and Samsung are increasingly using NAND flash memory in their smartphones.
“The success of the Apple iPad and significant growth potential has prompted other leading mobile and PC OEMs to enter the tablet market. The increased sales of smartphones and tablets with high-density NAND flash memory is expected to boost the market growth,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes the declining ASP of NAND flash, which is an important factor expected to contribute to positive market projections. The primary factors responsible for this price reduction are lower raw material and manufacturing costs and increasing R&D spending by manufacturers.
“The declining ASP of NAND flash will drive its adoption and will also help smartphone, SSD, computing devices and tablet PC manufacturers to expand their target market,” says Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
About Technavio
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
Technavio Research
Jes Ellacott
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
media@technavio.com
www.technavio.com
