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Short Take: Market for flash memory cards to balloon

A new study predicts that flash memory cards, a popular form of storage in digital cameras and Internet audio players, will become a $5.3 billion market by 2004. Market researcher IDC predicted that an overall shortage of flash memory won't stop the flash card market from growing at more than 50 percent per year over the next few years. IDC says CompactFlash and SmartMedia will continue to dominate the digital camera market, while smaller flash cards will show up in new mobile devices. "The trend toward the Internet will not only bring Internet access to PC peripherals like digital cameras, music players and handhelds, but will also drive new applications and products," IDC analyst Xavier Pucel said in a statement.

A new study predicts that flash memory cards, a popular form of storage in digital cameras and Internet audio players, will become a $5.3 billion market by 2004. Market researcher IDC predicted that an overall shortage of flash memory won't stop the flash card market from growing at more than 50 percent per year over the next few years. IDC says CompactFlash and SmartMedia will continue to dominate the digital camera market, while smaller flash cards will show up in new mobile devices. "The trend toward the Internet will not only bring Internet access to PC peripherals like digital cameras, music players and handhelds, but will also drive new applications and products," IDC analyst Xavier Pucel said in a statement.