Secure Digital Card Market size is Projected to Reach $13 Billion by 2031 | Growing at a CAGR of 4.3%.
Secure Digital Card Market: Global Opportunity Analysis and Industry Forecast, 2022-2031
PORTLAND, OREGON, UNITED STATES, September 13, 2023/EINPresswire.com/ — Allied Market Research published a report on the Secure Digital Card Market by Size (Micro SD Card, SD Card, Mini SD Card), by Application (Digital Cameras, Tablets, Mobile Phones, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031. The global secure digital card market was valued at $8.8 billion in 2021, and is projected to reach $13 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.
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Secure Digital (SD) cards are storage devices that can be used in car navigation systems, cell phones, e-books, PDAs, smartphones, digital cameras, music players, digital video cameras, personal computers, and other devices to increase storage capacity. SD cards come in different sizes such as mini SD card and micro SD card. Additionally, SD cards are non-volatile memory cards whose size and performance make them a popular choice over standard flash storage devices.
Secure Digital (SD) memory cards are widely used in portable devices. 2D SLC NAND (SLC is the fastest and most reliable 2D planar technology) has long been considered the perfect foundation for robust, high-quality storage solutions, but 3D NAND technology is now a real breakthrough has achieved. 3D NAND flash technology, which stacks flash memory cells vertically, has emerged as the best solution for memory cards for robust and secure industrial applications. Advances in NAND technology may drive the application of SD memory cards. In addition, the increasing use of mobile phones worldwide also contributes to the secure digital card market growth.
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The research report presents a complete judgment of the secure digital card market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. Also, these research report provides accurate economic, global, and country-level predictions and analysis, size and share analysis, market dynamics, segmental analysis, top investment pockets, competition landscape, market drivers, restraints, and opportunities
Competitive Analysis:
The secure digital card industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market’s strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the global secure digital card market include,
SanDisk Corporation
Transcend Information
ADATA Technology Co., Ltd.
Toshiba Corporation
Samsung Electronics Co Ltd.
Sony Corporation
Panasonic Corporation
Micron Technology Inc.
Kingston Technology
PNY Technologies Inc.
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international secure digital card market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
Top Impacting Factors
The major factors driving the secure digital card market growth are the increasing technological advancements; for instance, the new camera modules allow users to capture images or videos in high-resolution formats, which require large storage space. In addition, the increase in the need for surveillance video cameras, because in contrast to (CCTV) and security cameras, video surveillance cameras allow users to monitor the feed from any location, these are the factors propelling the SD card market growth. On the other hand, declining prices of NAND flash memory and expanding in-built memory space in smartphones, quick acceptance of cloud technology, and rising online streaming usage are all predicted to hinder the market growth. Furthermore, the rise of IoT is increasing the use of SD memory cards in various devices providing lucrative growth opportunities for the SD card market.
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Key Benefits for Stakeholders:
1) The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
2) This study comprises an analytical depiction of the market size along with the current trends and future estimations to depict the imminent investment pockets.
3) Major countries in each region are mapped according to their revenue contribution to the global market.
4) Porter’s five forces analysis illustrates the potency of the buyers and the secure digital card market share of key vendors.
5) The report includes major secure digital card suppliers along with the company overview, business segments, product portfolio, and key strategic moves and development in the market.
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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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