The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on USB Devices Market Report. The growth sectors of the USB Devices Market Report are identified with precision for a better growth perspective.
The USB devices’ market share has gained increased ground in the past few decades as the need to transfer media has amplified substantially. The use of USB has grown in recent times than when it was introduced as data needs have evolved considerably. The “Universal Serial Bus” refers to any device that can save data in flash memory with a USB integrated framework. A USB drive is also known with terms such as USB stick, USB flash drive and among other used terms. The USB drives are typically small and weigh less than 35 grams. The USB is primarily used in devices that can be linked via a USB connection are printers, keyboards, digital cameras, mouse, external hard drives, webcams, and scanners.
The USB devices are increasing substantially, primarily due to their use in sending power to devices, such as tablets and smartphones, by charging their batteries. The first USB devices i.e., the Universal Serial Bus (version 1.0), were initially released commercially in January 1996. Following this launch, they were incorporated rather quickly by companies such as Compaq, Intel, and Microsoft. This intense proliferation of USBs has led to their prevalence in just about any electronic that is bought these days comes with several Universal Serial Bus connectors. Furthermore, the USB connectors enable the attachment of a device like printers, mouse, and other accessories to the computer immediately and effortlessly. The operating systems that are available recently support USB as well, so the setting up of the device drivers is speedy and stress-free. In comparison to other connecting devices such as serial ports, parallel ports, and special cards that are usually put inside the computer’s case, the USB devices are particularly simple.
The USB 3.2 standard became official in July 2017 has speeds 10 times faster than USB 3.0. The new USB can be used for applications such as transferring high-definition video footage or backing up a complete hard drive to an exterior drive. With the upsurge in hard drive capacity, the need for a high-speed data transfer method is also developing. The appliances that utilize USB connection have developed over time, but the ones that can be plugged into computers through USB are comparatively new. As computers become more important in daily lives and people work longer hours, the number of time-saving convenience devices that plug into PCs are set to increase. For instance, the use of USB has changed drastically over the years as Samsung has introduced some innovative options. Samsung’s newest battery banks offer 25W fast charging and have dual USB-C ports as well. These two new battery banks from Samsung are 10,000mAh batteries that have the specialty of fast charging. Though the batteries don’t hit the laptop speeds of some other batteries, they are expected to gain a significant user base in the coming period.
As computers are steadily replacing humans in terms of services, USB devices are expected to expand further as almost all devices are equipped with a USB port. The expansion of USB devices currently covers devices such as vacuum cleaners, coffee machines, pregnancy tests, universal USB ports further bank on the need for convenience and “all-in-one” devices that are easy to handle. For example, Belkin launched an 8-Socket surge protector that has 8 sockets which is more than adequate for all the gadgets that are connected to the TV. They also have a 2-meter power cord which is extended enough to connect with a wall socket far near the intended setups. The device is expected to act as a surge protector averting damage to the linked equipment through voltage fluctuations. The device also enables connection to any electronic equipment with 2 or 3 pin plugs. The device is also compatible with international plug formats and can handle the highest spike current of 19,000 Amps.
The USB devices market share is likely to develop at a rapid rate in the future as it can help to achieve factors such as the creation of better bandwidths, restructuring software configurations, and resolving utilization problems for present interfaces. Moreover, increased usage of smartphones is leading to a reduction in battery lifespan, and thus the need for power banks is also rising subsequently. Power banks are reliant on the use of USB port; this segment is estimated to create significant opportunities for the USB devices market in the coming period.
USB Devices Market Share Expected to Grow at a CAGR of 13.9% 2019 to 2025, Emerging Global…
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