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According to our latest market study, titled “USB Device Market” is in the developing phase and is compatible with many devices such as smartphones, tablet PCs, digital cameras, and smart TVs. With the growing penetration of tablets and smartphones globally, the USB device technology is also witnessing substantial growth. The mounting demand for better connectivity performance between electronic devices is a significant factor contributing to the market growth. However, the growing security issues hinder the market growth. Besides, the growing complexities related to the replacement of old USB standards with new ones are posing challenges for the market vendors. Moreover, the continuous development of high bandwidth storage devices, technological innovations, and growing markets in APAC is likely to offer numerous opportunities for the growth of the market players.

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List Of TOP KEY PLAYERS in USB Devices Market Report are –

ADATA Technology Co., Ltd., Corsair, Hewlett-Packard Development Company, Imation Corporation, and Kingston Technology Corporation – Prominent Market Participants in USB Devices Market

The global USB Devices market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. APAC holds the dominant share in the USB Devices market, whereas North America is expected to be the fastest-growing region in the global market. The growth of new enterprise is also fueling the demand for USB devices used in video conferencing applications. Strategic government initiatives in India such as, Digital India, Make in India, as well as Startup India, are providing favorable business condition to the SME sector in the country. Further, the Chinese government has always been helpful in creating its tech startup ecosystem by implementing technology-friendly national strategies and policies, as well as significantly investing in tech businesses. The Singapore government has also established government agencies for supporting its tech startups, which includes Info-communications Media Development Authority, the Economic Development Board, as well as the Standards, Productivity, and Innovation Board. Additionally, the region has secured robust IT infrastructure and strong positions in areas of development. Moreover, the rise in smartphone and internet penetration in countries in APAC, along with BYOD (Bring-Your-Own-Device) trend is acting as a significant opportunity for the players operating in the USB device market.

The top five companies in the USB Devices market include ADATA Technology Co., Ltd., Corsair, Hewlett-Packard Development Company, Imation Corporation, and Kingston Technology Corporation. The above listing of key players is derived by considering multiple factors such as overall revenue, current USB Devices product portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global USB Devices market ecosystem, such as Samsung Corporation, SanDisk Corporation, Toshiba Corporation, Transcend Information, Inc., and Verbatim Americas LLC.

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The growing technological advancements in USB Type-C are likely to increase its scope in the medical industry. Prominent players are highly designing next-generation USB devices to stay ahead in the competitive market. For instance, TE Connectivity launched its onboard USB Type-C receptacle connector; it is a waterproof device that protects systems in severe environments with IPX8 (waterproof rating) dust and water ingression performance. With the given waterproof rating, the USB Type-C connector maintains a continuous connection at a water depth of 1.5 m for a minimum of 30 minutes. Further, the growing aging demographics, combined with increasing demand for early-stage diagnosis of chronic diseases, is boosting the demand for medical imaging equipment worldwide, thereby boosting the demand for next-generation USB Type-C devices. Thus, such a rise in the use of USB Type-C systems, especially in the medical device manufacturing industry, is likely to provide growth opportunities to the USB device market players in the coming years.

The USB device market is segmented into device standard type, product, connector type, application, and geography. Based on the device standard type, the market is segmented into USB 2.0, USB 3.0, and USB 4.0. In 2021, the USB 3.0 segment is likely to hold the largest market share. Based on the product, the USB device market is segmented into webcams, flash drives, memory card readers, digital audio players, computer peripherals, and others. In 2021, the computer peripherals segment is likely to hold the largest market share. Based on connector type, the USB device market is segmented into Type A, Type B, Type C, and lightning connector. In 2021, the type B segment is likely to hold the largest market share. Based on application, the market is segmented into consumer electronics, IT and telecommunications, automotive, healthcare and medical devices, and others. In 2021, the IT & telecom segment is likely to hold the largest market share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share of the global market.

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With tables and figures, helping analyze worldwide Global USB Devices Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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