About Memory Cards
Memory card is a storage device which is generally used to store data on portable or remote computing devices. The most common data includes pictures, audio, text and video. The increasing requirement for storage devices in cameras, smartphones and other electronic gadgets are one of the major driving agents of the memory card market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Memory Cards market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Memory Cards Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States, Taiwanese Players will contribute the maximum growth to Global Memory Cards market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SanDisk (United States), Kingston Technology (United States), Lexar (United States), ADATA Technology (Taiwan), Transcend Information (Taiwan), Samsung Group (South Korea), Sony (Japan), Toshiba (Japan), Cactus Technologies (Hong Kong), Delkin Devices (United States) and Eye-Fi (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are KINGMAX Technology (Taiwan), PNY Technologies (United States), Team Group (Taiwan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Memory Cards market by Type (Micro SD Card, SD Card and Mini SD Card), Application (Communications Device, Cameras and camcorders and Other) and Region.
On the basis of geography, the market of Memory Cards has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Memory Cards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Memory Type, the sub-segment i.e. 4GB will boost the Memory Cards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of high density memory cards and Manufacturers are launching fastest and largest capacity SD memory cards
Market Growth Drivers:
Increased sales and adoption of smart devices, Top players are focusing on the smart SD memory cards with advanced features and safety and Increasing sales and services of electronic gadgets in developing economies
Challenges:
Easy corruption of memory cards
Restraints:
Increasing presence of counterfeit SD cards in the market with fake capacity and Soaring in deployment of cloud technology in various industries
Opportunities:
Surging popularity of gaming presents a huge opportunity for the micro SD card manufacturers and Rise of IoT to Increase the application of SD memory card in various devices
In August 2023, Lexar, a global brand in flash memory solutions, has launched the Lexar professional 1800x Secure Digital High Capacity/Secure Digital Extended Capacity (SDHC/SDXC) Ultra High Speed Class II (UHS-II) card GOLD series in the Indian market.
Key Target Audience
Memory Cards Manufacturers, Distributors/Suppliers and Service Providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.