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Global NAND Flash Market to grow at a CAGR of 8.7 percent CAGR over the period 2012-2016. One of the key factors contributing to this market growth is the high adoption of smartphones and tablet PCs. The Global NAND Flash market has also been witnessing reducing average selling prices of NAND flash. However, the low adoption rate of ultrabooks could pose a challenge to the growth of this market.