India, July 3 -- According to a new comprehensive report from The Insight Partners, the global SLC NAND flash memory market is observing significant growth owing to the increasing adoption of consumer electronics, growing penetration of IoT devices, and rising adoption of faster communication protocols.

The SLC NAND flash memory market size was valued at US$ 11.29 billion in 2024 and is expected to reach US$ 16.40 billion by 2031; it is estimated to register a CAGR of 5.3% during 2025-2031. The increasing adoption of consumer electronics, rising penetration of IoT devices, and faster communication protocols are a few driving factors in the SLC NAND flash memory market growth.

However, the high cost of SLC NAND flash memory hinders the g...