Secure Digital Card Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
17 Jul, 2023
The global secure digital card market size is expected to grow from $8.62 billion in 2022 to $9.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global secure digital card market size is expected to reach $11.38 billion in 2027 at a CAGR of 5.5%.
Global Secure Digital Card Market Key Driver
The increased use of digital devices is projected to drive the growth of the secure digital card market in the coming years. Digital devices, such as laptops, smartphones, and tablets, are electrical devices that can receive, process, and transfer digital information electronically. To expand their storage capacity and store more digital data, such as images, videos, music, and documents, digital devices require secure digital cards. As mobile phone usage grows, customers rely on external storage solutions such as secure digital cards to boost storage space, driving up demand for secure digital cards.
Get a sample of the global secure digital card market reportGlobal Secure Digital Card Market Segments
The global secure digital card market is segmented:
1) By Size: Micro SD Card, SD Card, Mini SD Card
2) By Storage Capacity: 2 GB, 4 GB, 8 GB, 16 GB, Other Storage Capacities
3) By Application: Digital Cameras, Tablets, Mobile Phones, Other Applications
4) By Geography: The regions covered in the secure digital card market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global secure digital card market.
Major Secure Digital Card Industry Players
Western Digital Corporation, ADATA Technology Co. Ltd., Kingston Technology Company Inc., Micron Technology Inc., Panasonic Holdings Corporation, PNY Technologies, Samsung Electronics Co. Ltd. (Samsung Group), Sony Corporation, Toshiba Corporation, Transcend Information Inc., SanDisk Corporation, Lexar, Verbatim Australia Pty Ltd., Patriot Memory LLC, Silicon Power Computer And Communications Inc., Strontium Technology Pte Ltd.
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Secure Digital Card Market Overview
An SD Card (Secure Digital Card) is an ultra-compact flash memory card designed to offer large amounts of memory in a compact size. These cards provide simple embedded storage for devices requiring high-capacity, reliable multiple-data storage.
Secure Digital Card Global Market Report 2023 provides data on the global secure digital card market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The secure digital card market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.