The market research industry anticipates the size of the universal flash storage market to reach US$ 4.3 billion by 2023 and US$ 17.8 billion by 2033, and grow at a CAGR of 15.3%.
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Companies can contribute to the development of standards by joining the Universal Flash Storage Association. It is estimated that the UFS market will grow significantly in the next few years. In the future, there are expected to be more players entering the market and competition is expected to increase. Non-volatile flash memory chips are used in universal flash storage as a method of storing and retrieving data. For example, Micron Technology offers SSDs and managed NAND flash memory based on UFS, taking advantage of the growing UFS market.
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With UFS, power consumption is reduced using advanced power management techniques. A JEDEC team that develops standards for both UFS and eMMC, implemented inline encryption in order to prevent eavesdropping and man-in-the-middle attacks. To ensure standardization across hosts and devices, robust encryption mechanisms have been proposed.
Increasing demand for smartphones and high-end tablets commonly use UFS as their storage medium mainly due to its speed and reliability. UFS can improve overall performance by speeding up app loading times, allowing quicker access to data, and boosting performance. The UFS format is often used for storing high-resolution photos and videos in digital cameras and camcorders. Due to the high write speeds of UFS, large files can be saved more quickly, and files can be transferred to a computer more quickly thanks to the high read speeds as well. Due to the high write speeds of UFS, large files can be saved more quickly, and files can be transferred to a computer more quickly with their high read speeds.
Competitive Landscape:
Worldwide, there is stiff competition among players offering universal flash storage. The company will maintain its leadership position in a highly competitive market if it focuses on offering a cost-effective and broader product line.
Market Developments Include:
In June 2023, Micron Technology, Inc. delivered qualification samples of its advanced 232-layer 3D NAND-based Universal Flash Storage (UFS) 4.0 mobile solution. Select global smartphone manufacturers and chipset vendors are receiving UFS 4.0 storage solutions with high capacities of up to 1 terabyte (TB). Featuring the industry’s fastest bootup, app launches, and video downloads1, Micron’s new mobile flash storage outperforms the competition on several crucial NAND benchmarks.
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