Market Overview:
The global pen drives market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for data storage and portability, rising trend of Bring Your Own Device (BYOD), and growing penetration of cloud-based storage solutions. In terms of type, the market is segmented into below 8G, 16G, 32G, 64G, and above 64GB pen drives. Among these segments, the below 8GB segment is expected to witness highest growth during the forecast period owing to its low cost and high portability. In terms of application, the market is divided into enterprise and personal use cases.
Product Definition:
A pen drive is a small, portable storage device that uses flash memory to store data. It is typically used to transfer files between computers and can also be used to store documents, music, photos and videos.
Below 8G:
Below 8G is a technology that enables the use of smaller and cheaper flash memory chips in mobile devices. The technology was initially developed for tablets, however it has now been adopted by smartphones as well. It also helps in improving power efficiency and performance of tablets, which is one of the key factors driving its adoption in this market.
16G:
16G is the capacity of flash memory in a pen drive. It can store around 3 to 4 GB of data and it's enough for storing many thousands of e-books. 16G Pen Drive is used as an external storage device by most digital cameras, MP3 players, tablets and laptops among others which makes it very popular among consumers globally.
Application Insights:
The enterprise segment dominated the global pen drives market in 2017 and is expected to maintain its dominance over the forecast period. Enterprise-class devices are designed for managing large storage spaces and providing high I/O performance to meet the requirements of a diverse set of applications. The use of pen drives in enterprise applications has been growing significantly owing to their increased data storage capacity, improved performance, and compatibility with existing systems.
The personal segment is projected register notable growth over the forecast period owing to increasing demand for cloud-based services across various end-use industries such as media & entertainment, e-commerce, banking & financial services, healthcare etc. Cloud service providers offer a wide range of products including office productivity software along with internet access that enables consumers secure access from remote locations or workgroups via wireless connections at an affordable cost per Mbps bandwidth leased from third party network operators (Internet Service Providers or ISPs).
Regional Analysis:
North America dominated the global pen drives market in 2017. The growth can be attributed to the presence of prominent players such as SanDisk Corporation; Toshiba Corporation; and Western Digital Technologies, Inc. Furthermore, high usage of cloud storage services and rapid technological advancements are also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing demand for advanced technology products from developing countries such as China and India. In addition, rising number of data center colocation facilities in this region is further expected boost product demand during forecast period to 2030.
Growth Factors:
- Increasing demand for data storage: The Pen Drives market is witnessing a surge in demand for data storage, owing to the increasing use of digital devices and the need for backup and recovery solutions.
- Rising trend of Bring Your Own Device (BYOD): The BYOD trend is fueling the growth of the Pen Drives market, as employees are increasingly using their personal devices for work purposes. This is resulting in an increase in the demand for portable storage devices such as Pen Drives.
- Proliferation of cloud-based services: The proliferation of cloud-based services is leading to a shift from local storage to cloud-based storage, which is benefiting the Pen Drives market. Cloud-based services offer users easy access to their data from any device or location, thereby driving its adoption among consumers and businesses alike.
- Growing popularity of USB Type C connectors: With laptops and other portable devices moving towards USB Type C connectors, there has been an increase in demand for USB Type C compatible Pen Drives products in recent times. This new standard offers faster data transfer speeds than traditional USB ports, making it more popular among consumers and manufacturers alike . 5) Technological advancements: Rapid advancements in technology are enabling manufacturers to develop innovative products that cater to specific needs such as security features or high capacity drives
Scope Of The Report
Report Attributes
Report Details
Report Title
Pen Drives Market Research Report
By Type
Below 8G, 16G, 32G, 64G, Above 64G
By Application
Enterprise, Personal
By Companies
Kingston, SanDisk, Toshiba, Netac, Aigo, TECLAST, ADATA, HP
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Pen Drives Market Report Segments:
The global Pen Drives market is segmented on the basis of:
Types
Below 8G, 16G, 32G, 64G, Above 64G
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Enterprise, Personal
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kingston
- SanDisk
- Toshiba
- Netac
- Aigo
- TECLAST
- ADATA
- HP
Highlights of The Pen Drives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 8G
- 16G
- 32G
- 64G
- Above 64G
- By Application:
- Enterprise
- Personal
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pen Drives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A pen drive is a removable storage device that can be used to store digital files. Pen drives typically have a USB port and can be plugged into a computer to access the files.
Some of the major companies in the pen drives market are Kingston, SanDisk, Toshiba, Netac, Aigo, TECLAST, ADATA, HP.
The pen drives market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pen Drives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pen Drives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pen Drives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pen Drives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pen Drives Market Size & Forecast, 2018-2028
4.5.1 Pen Drives Market Size and Y-o-Y Growth
4.5.2 Pen Drives Market Absolute $ Opportunity
Chapter 5 Global Pen Drives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Pen Drives Market Size Forecast by Type
5.2.1 Below 8G
5.2.2 16G
5.2.3 32G
5.2.4 64G
5.2.5 Above 64G
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pen Drives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Pen Drives Market Size Forecast by Applications
6.2.1 Enterprise
6.2.2 Personal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pen Drives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pen Drives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Pen Drives Analysis and Forecast
9.1 Introduction
9.2 North America Pen Drives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Pen Drives Market Size Forecast by Type
9.6.1 Below 8G
9.6.2 16G
9.6.3 32G
9.6.4 64G
9.6.5 Above 64G
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Pen Drives Market Size Forecast by Applications
9.10.1 Enterprise
9.10.2 Personal
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Pen Drives Analysis and Forecast
10.1 Introduction
10.2 Europe Pen Drives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Pen Drives Market Size Forecast by Type
10.6.1 Below 8G
10.6.2 16G
10.6.3 32G
10.6.4 64G
10.6.5 Above 64G
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Pen Drives Market Size Forecast by Applications
10.10.1 Enterprise
10.10.2 Personal
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Pen Drives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pen Drives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Pen Drives Market Size Forecast by Type
11.6.1 Below 8G
11.6.2 16G
11.6.3 32G
11.6.4 64G
11.6.5 Above 64G
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Pen Drives Market Size Forecast by Applications
11.10.1 Enterprise
11.10.2 Personal
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Pen Drives Analysis and Forecast
12.1 Introduction
12.2 Latin America Pen Drives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Pen Drives Market Size Forecast by Type
12.6.1 Below 8G
12.6.2 16G
12.6.3 32G
12.6.4 64G
12.6.5 Above 64G
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Pen Drives Market Size Forecast by Applications
12.10.1 Enterprise
12.10.2 Personal
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Pen Drives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pen Drives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Pen Drives Market Size Forecast by Type
13.6.1 Below 8G
13.6.2 16G
13.6.3 32G
13.6.4 64G
13.6.5 Above 64G
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Pen Drives Market Size Forecast by Applications
13.10.1 Enterprise
13.10.2 Personal
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pen Drives Market: Competitive Dashboard
14.2 Global Pen Drives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kingston
14.3.2 SanDisk
14.3.3 Toshiba
14.3.4 Netac
14.3.5 Aigo
14.3.6 TECLAST
14.3.7 ADATA
14.3.8 HP
