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Global OTG Pen Drive Market 2018-2022| Increasing Digitization to Boost Growth| Technavio

June 11, 2018

Technavio has published a new market research report on the Global OTG Pen Drive Market from 2018-2022. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Jun 11, 2018-- projects the global OTG pen drive market to register a revenue of over USD 1 billion by 2022, according to their latest market research report 2018.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180611006132/en/

Technavio has published a new market research report on the Global OTG Pen Drive Market from 2018-2022. (Graphic: Business Wire)

The rise in demand for digital data storage is a significant driver that will impact market growth during the forecast period. The growth of the is driven by the increasing digitization of projects across organizations and the momentum in the adoption of hybrid memory arrays with reprogrammable and erasable memory. OTG pen drives offer fast data transfer between various devices on which the digital data is being processed or stored.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the introduction of rugged OTG pen drives as one of the key emerging trends to drive the global OTG pen drive market:

Global OTG pen drive market driver: Introduction of rugged OTG pen drives

The portability of digital devices helps in staying connected professionally and personally. There is high demand for waterproof and rugged flash drives which are resistant to physical damage and a security against data loss. In the rugged series, USB flash drives have been launched with a rubberized design that makes them suitable for outdoor use.

According to a senior analyst at Technavio for computing devices research , “The trend of making OTG pen drives durable against water, dust, and scratches are expected to propel the market during the forecast period. With the increasing penetration of OTG pen drives, vendors are anticipated to include extra features such as encryption coding or password protection, multi-language translation support, and antivirus protection.”

Global OTG pen drive market: Segmentation analysis and forecast through 2022

This market research report segments the global OTG pen drive market by type (iOS OTG pen drives, Android OTG pen drives, and Type C OTG pen drives), and key regions (the Americas, APAC, and EMEA).

In 2017, the global OTG pen drive market was dominated by APAC with a revenue share of close to 53% followed by the Americas and EMEA respectively. The market share of APAC and EMEA is expected to increase during the forecast period while the Americas will see a decline in its market share.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180611006132/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE INTERNET SOFTWARE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 06/11/2018 04:04 PM/DISC: 06/11/2018 04:03 PM

http://www.businesswire.com/news/home/20180611006132/en

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