SanDisk, has reported double- and triple-digit market growth in the Middle East and Africa (MEA) so far this year, driven by the region’s high mobile phone penetration rates and a growing appetite for flash-based storage devices
“Based on global market research, our most popular product segments are flash memories for smart-phones, tablets and solid-state drives (SSD) for PCs. Our market in the Gulf is very mature and showing excellent growth,” said Tareq Husseini, SanDisk’s regional sales director, Middle East and Africa (MEA).
In South Africa and East Africa, first-quarter sales for 2011 have exceeded the entire year’s sales for 2010, with South Africa, Kenya and Nigeria leading the region. The UAE, the Kingdom of Saudi Arabia and other countries in the GCC have shown double and triple-digit year-on-year growth in the first quarter of 2011.
“The UAE is the most mature market for flash storage for digital devices. As more high-profile concerts and exhibitions are held in the UAE, we have seen a lift in the usage of higher capacity cards, a positive sign for our business,” said Sreedhar Sreekumar, Regional sales manager for SanDisk MEA.
“Our alignments with key retailers and the tech-savvy predominantly young population of the region are our greatest assets. The Gulf Cooperation Council (GCC) countries lead in unit sales, with the UAE and Saudi Arabia setting the trend,” concluded Husseini.
Penetration of smart-phones in the UAE and in Saudi Arabia is 11% and 15% respectively, lagging behind the US where smart-phone penetration is currently at 50%. However, smart-phone penetration in the UAE is expected to increase 11% per year for the next three years.
According to the Gartner Research Group, tablet sales are growing exponentially worldwide with 15 million units sold in 2010 and 70 million units expected to be sold in 2011. Market intelligence firm, IDC predicted the solid-state-drive market is set to become a mainstream storage device, aided by advancements in technology and price reductions.