Latest News- Memory Cards Market: Mobile phones is expected to lead the Application segment during 2025-2029

The Memory Cards Market is being driven by Requirement for storage devices in cameras and camcorders

The Memory Cards Market is expected to grow at a CAGR of 1.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 571.8 million. The global photography market is experiencing significant growth due to the increasing popularity of social media platforms such as Snapchat, Instagram, Facebook, and Twitter. As more individuals seek to enhance their photography skills to capture high-quality images for social sharing, there is a subsequent surge in demand for advanced digital cameras and camcorders with high pixel counts. The superiority of images is contingent upon the number of pixels in the camera, making high-pixel devices the preferred choice for discerning photographers. Consequently, the need for expansive storage solutions becomes imperative to accommodate the larger file sizes associated with these high-definition images. While digital cameras and camcorders offer built-in memory devices, the ever-increasing demand for superior image quality necessitates the exploration of external memory card solutions to accommodate the growing storage requirements. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Mobile phones
  • Camera
  • Computer and laptops
• Type
  • SD card
  • Compact flash
  • Memory stick
  • Multimedia card
• Capacity
  • 16 GB
  • 8 GB
  • 4 GB
  • 2 GB
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Requirement for storage devices in cameras and camcorders
• Proliferation of UHD content
• Increasing number of memory card launches

However, the market also witnesses some limitations, which are as follows:

• Rise in use of cloud storage
• Increasing in-built storage capacity in portable devices
• Easy corruption and inability to install mobile applications in memory cards

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Market Scope in Memory Cards Market Research Report

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Research Analysis Overview

The Memory Cards Market encompasses various storage solutions for devices such as cameras, camcorders, and UHD content players. Compact, high-capacity Micro-SD, Micro SDHC, and Micro SDXC cards are popular choices for these devices. Leading vendors like ADATA Technology, Apacer Technology, ATP Electronics, Cactus Technologies, Delkin Devices, Integral Memory, and others offer smart technology solutions. These cards are used in in-flight entertainment systems, connectivity solutions, electrical inserts for aerospace manufacturers, and more. Customer satisfaction is ensured through safety innovations such as fire-resistant materials and intelligent monitoring systems. Ultra High-Speed and high-resolution content require these micro SD cards, making them essential for digital storage.

Market Research Overview

The Memory Cards Market is a segment of the larger Global Technology Hardware, Storage and Peripherals Market, which encompasses manufacturers of various technology products, including cellular phones, personal computers, servers, and peripherals. This market is further categorized into data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. Technavio, a leading technology research firm, sizes this market based on the revenue generated from the sales of these hardware devices, equipment, and components. The Global Technology Hardware, Storage and Peripherals Market growth is fueled by the increasing 4Vs (Volume, Velocity, Veracity, and Variety) of data, primarily driven by the expanding number of data centers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/