Global OTG Pen Drive Market 2018-2022

Technavio’s market research analysts have predicted that the OTG pen drive market will witness considerable growth during the period 2018-2022 and will register a revenue of more than USD 1 billion by 2022. This market research report provides a detailed analysis of the market’s growth by mobile phone connector type (micro USB Type B, USB Type C, and lightning connectors) and geography (the Americas, APAC, and EMEA). Additionally, the report also provides an analysis of the market’s growth based on the computer port type as well.

Global OTG Pen Drive Industry Overview

The need for digitization of data storage among both individual customers and organizations is increasing owing to the elimination of physical boundaries, information retrieval/conservation features, round-the-clock multiple access, and easy accessibility of data. The increasing digitization of projects across organizations and growing adoption of hybrid memory arrays with reprogrammable and erasable memory are positively influencing the market. Our analysts have identified this as one of the major factors that will positively influence the market’s growth as OTG pen drives are increasingly used to store, transfer, and organize digital content such as word documents, PowerPoint presentations, sound files, personal emails, excel spreadsheets, and other applications.

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Companies covered

The OTG pen drive market is fragmented since the market has a number of companies who offer various iOS OTG pen drives, Android OTG pen drives, and Type C OTG pen drives. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this OTG pen drive industry analysis report will aid clients identify new growth opportunities and design new growth strategies. 

The report offers a complete analysis of a number of companies including –

• HP
• Kingston Technology
• Sony
• Strontium
• Transcend Information
• Western Digital

OTG pen drive market growth based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the upcoming growth opportunities for companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in APAC will contribute to the maximum growth of the OTG (on-the-go) pen drive market throughout the predicted period.

Key highlights of the global OTG pen drive market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the OTG pen drive market during the next five years
• Precise estimation of the global OTG pen drive market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the OTG pen drive market across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of OTG pen drive market companies

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global OTG pen drive market and its stakeholders over the forecast years.

Technavio’s market research analysts have also considered how the performance of other related markets in the vertical will impact the size of this market till 2022. According to our researchers, one of the markets that is most likely to influence the growth of the OTG pen drive market over the coming years is the PoS mobile card reader market.

Technavio’s collection of market research reports offer insights into the growth of markets across various industries. Additionally, we also provide customized reports based on the specific requirement of our clients.