WiseGuyReports.Com Publish a New Market Research Report On –“ OTG Pen Drive Market 2019 Global Rapid Growth, Competitive Analysis, Industrial Landscape and Forecasts To 2022”.
OTG Pen Drive Industry 2019
On-the-go (OTG) pen drive refers to an interface between the USB devices and mobile devices like smartphones and tablets. It allows the connection of the USB flash drives, computer keyboards and mouse, and cameras to the host devices. It helps in making the direct connection of devices possible. The advancement in the field of technology is enabling the making of the OTG pen drive smaller to ensure its easy portability.
The OTG pen drive finds wide application in the transfer of important data to and from the computer as well as other devices more quickly and easily. The OTG pen drive market is anticipated to witness growth by a prominent CAGR during the forecast period.
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• Kingston Technology
• Transcend Information
• Western Digital
Market Influencers and Restraints
The increase in the use of smartphones with micro-USB port is one of the major driving factors for the market growth of the OTG pen drive. The increase in the popularity of the USB flash drives fuels the market growth further. The use of OTG pen drives for storing, organizing, and transferring the digital contents like personal emails, word documents presentations, and sound files will further increase the demand of the market. The growing demand for high-speed data transfers and memory enhancements are some other potential factors that contribute to the growth of the OTG pen drive market.
The inability to support the functions of the OTG pen drive in the premium smartphones is a major barrier that limits the market growth. Device compatibility is another factor that negatively affects the growth of the global market. An increase in the adoption of cloud storage also poses a challenge to the growth of the OTG pen drive market.
The global OTG pen drive market is segmented based on storage capacity, type, application, and region.
Depending on the storage capacity, the OTG pen drive market includes 4GB, 8GB, 16GB, 32GB, 64GB, and above 64GB. The OTG pen drives with the storage capacity of 16GB and 64GB are anticipated to witness growth during the forecast period due to the growing preference of customers for the specific storage capacities.
Based on the type, the global market is divided into Micro USB Type B, lightning connector, iOS OTG pen drives, and USB Type C.
Based on the application, the global market of the OTG pen drive is fragmented into enterprise applications and personal applications.
Depending on the regions, the global market includes the Asia Pacific region, the American region, the Europe region, and the Middle East and Africa region. The Asia Pacific region holds the highest share in the global market.
The key players of the OTG pen drive market are Kingston Technology, HP, Strontium, Western Digital, Sony, and Transcend Information.
Latest Industry News
The data encryption feature is the latest trend of the OTG pen drive industry. Top players like Transcend and HP are focusing on incorporating this feature to the OTG pen drive to ensure their reliability by the customers. The growing need for speed and efficiency of the data transfer will increase the market demand in the coming years.
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