DATA Technology Co. Ltd., Cactus Technologies Ltd., Samsung Electronics Co. Ltd., Sony Corp., Toshiba Corp., Transcend Information Inc., and Western Digital Corp are some of the key market vendors
The Global Memory cards market is projected to grow by $ 236.39 million, decelerating at a CAGR of almost 0.58% till 2025. Growing popularity of photography is a key driver for market growth as it has led to increased requirement for storage devices in cameras and camcorders. Consumers prefer memory cards to meet their storage requirements in cameras as they are easy to handle and have a minimum risk of physical damage in case of unexpected shocks. In addition, proliferation of UHD content is a key trend that is expected to drive market growth. Increasing penetration of the Internet has led to a rise in the number of connected gadgets and applications such as such as WhatsApp, Instagram, and Facebook. This will lead to an exponential growth in the number of data transactions by 2025, which in turn will fuel the need for storage devices with high capacity. Memory card manufacturers are developing models with high storage capacities that are at par with HDD and USB flash drives. The storage capacity of memory cards has increased from 1GB to 512GB to accomodate the growing storage requirements of consumers.
This research report delineates all the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Memory Cards Market: Segments and Geographical Regions
Memory Cards Market: Vendor Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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Memory Cards Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the memory cards market and it is expected to grow by $ 236.39 mn, decelerating at a CAGR of almost 1% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Memory Cards Market: Receive Free Sample Report
Memory Cards Market: Key Trends to impact market growth
The proliferation of UHD content is one of the key memory cards market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Memory Cards Market: Top Drivers to Boost Demand
The requirement for storage devices in cameras and camcorders is one of the primary factors driving the growth of the memory cards market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: ADATA Technology Co. Ltd., Cactus Technologies Ltd. and Delkin Devices Inc. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ADATA Technology Co. Ltd., Cactus Technologies Ltd., Delkin Devices Inc., Kingston Technology Co. Inc., Lexar, Samsung Electronics Co. Ltd., Sony Corp., Toshiba Corp., Transcend Information Inc., and Western Digital Corp. are some of the major market participants. For more insights on this market: Download a Free Sample Report
Memory Cards Market: Key Highlights of the Report for 2021-2025
Memory Cards Market Size to Grow by $ 236.39 mn During 2021-2025
Technavio has been monitoring the memory cards market and it is expected to grow by $ 236.39 mn, decelerating at a CAGR of almost 1% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Memory Cards Market: Receive Free Sample Report
Memory Cards Market: APAC to lead market growth during the forecast period
81% of the market growth will originate from APAC during the forecast period. China is one of the key markets for memory cards in APAC. The growth of social media will facilitate the memory cards market growth in APAC over the forecast period.
For more insights on this market: Download a Free Sample Report
Memory Cards Market: Key Highlights of the Report for 2021-2025
