For more information visit: www.verbatim-europe.com
Unedited press release follows:
Significiant improvement in USB flash storage market in Q1
Verbatim maintains optical market leadership for 8th cosecutive year Eschborn, 8th August 2011 – For Verbatim, 2010 and the first quarter of 2011 brought positive results in both the optical and USB flash markets The brand remains an unrivaled market leader in the optical media sector and aims to stabilise the number 3 position in the USB drive storage market.
• Number 1 brand worldwide on the optical storage market for the 8th time in a row*
• Number 3 brand in the overall storage market
• Number 3 in Europe on the USB drive storage market in Q1 2011*
Technology and market leadership in optical storage media
For the eighth time in a row, Verbatim has confirmed its global technological and market leadership in the field of optical storage media. In 2010, the company expanded its market share further with high-quality DVD-Rs, CD-Rs and Blu-rays, according to the Santa Clara Consulting Group.
In view of the high number of optical drives installed, sales remain at a very high level, despite the shrinking market. Total sales of DVD-Rs fell from 1.3 billion in 2009 to 1.07 billion in 2010. Despite this, Verbatim was able to increase its market share by 1.6 percent to 44.6 percent. Consequently, more than four in ten DVDs on the market in Europe are from Verbatim. In Q1 2011, Verbatim’s market share increased significantly by 6 percent to 50.4 percent and the company is aiming to maintain this share throughout 2011.
Similar good results were achieved in the CD-R market, with Verbatim selling three times as many CD-R’s compared to the second biggest-selling brand. A total of 922 million CD-Rs were sold in the European market in 2010 with Verbatim accounting for more than one third of these sales. In Q1 2011, Verbatim’s market share strengthened by 4 percent.
USB drives are the engine of growth
Successful development in the USB drives sector has also contributed to Verbatim’s growth last year. According to the Santa Clara Consulting Group (SCCG), over 65.4 million USB drives were sold in Europe, representig a 13.3 percent year-on-year growth. Verbatim increased its market share from 5.4 percent to 9.3 percent in 2010, reaching fifth place, and an even better jump was achieved in Q1 2011, with the company recording a 5% growth, positioning itself with 14% market share as the third biggest-selling brand. With a wide range of hardware-encrypted USB drives that match companies’ latest security requirements, and with the focus firmly on solid state drive (SSD) technology, the company will continue to strengthen its position in the flash market in 2011 and beyond.
Strenghening position in the market
“Maintaining our clear market leadership in optical storage media and being among the top three for all USB flash drives, is our goal for 2011.
Furthermore a broad portfolio of high-quality, reliable and innovative HDDs strenghtens our market position. Since 2010 Verbatim has also started to participate on the global lighting energy-efficient LED/OLED lighting market, based on core technologies provided by Mitsubishi Chemical Corporation. Meanwhile we have established a European Network for LED and are seling a wide range of high quality LED products. With high levels of stock availability locally, expert and personal retail partner support and the use of state-of-the-art sales systems we provide an excellent service for our partners. Our goal is to expand our range of products even further in the removable storage media and lighting markets,” says Rüdiger Theobald, Marketing Director EUMEA at Verbatim. “The high numbers of objective magazine test awards that have been won by Verbatim products in 2010 and 2011 underline our tagline “Technology you can trust”. In 2011, the premium quality is again the key to our success and the further expansion of our position as the all-rounder of the storage media market.”
*Santa Clara Consulting Group (SCCG)
Since 1969, Verbatim has been shaping the development of data storage technology – from Floppy Disks and Magneto-Optical storage media, CD and DVD formats to the latest High Definition media Blu-ray. Moreover, Verbatim offers high quality products in the field of Portable USB Drives, Flash Memory Cards, SSD and External Hard Drives in 4,57cm (1,8“) Pocket, 6,35cm (2,5“) Portable and 8,89cm (3,5“) Desktop-Format as well as a broad variety of computer Accessories. Verbatim is a subsidiary of Mitsubishi Chemical Group and benefits from the outstanding research and development department. With these innovations Verbatim has played a key role in shaping the storage media market. Ultra-strict quality controls during the manufacturing process ensure the high quality of Verbatim’s products, which have been the winners of numerous international comparative tests. The company is the worldwide market leader for Optical Media. For more information, please visit www.verbatim-europe.com.