The growth of memory card market has been attributed to the need for storage devices in cameras and camcorders. However, the increase in cloud storage usage could hinder market growth. On the other hand, the growth of social media will bring new opportunities in the years to come.
Photography is very popular all over the world. The higher the pixels in cameras, the higher the image quality. The higher the image quality, the more space is needed for storage. The use of memory cards allows the designer to shoot cheaper. The rise in photography has driven demand for cameras and camcorders, which is increasing the demand for memory cards. Memory cards, such as multimedia and SD cards, use metal connectors and not traditional pins and plugs. The increase in demand for such storage devices is one of the key drivers for the global memory card market.
“The proliferation of UHD content and the high demand for compact storage devices will further grow the market during the forecast period,” said a senior analyst at Technavio.
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Key recommendations from the report:
- By type, SD card share accounted for the largest proportion of total revenue in 2020.
- APAC took control of the market in 2020 and is expected to continue over the expected period.
- 81% of market growth will come from APAC in the forecast period.
- China one of the major markets for memory cards in APAC. Market growth in this sector will be slower than market growth South America.
Top three memory card companies:
ADATA Technology Limited.
ADATA Technology Co. Ltd. offers memory cards under the logos, ADATA and XPG.
Cactus Technologies Ltd.
Tha Cactus Technologies Ltd. offers commercial grade SD cards based on MLC NAND that have life cycles in the range of 18 to 24 months.
Delkin Tools Inc.
Delkin Devices Inc. offering industrial SD cards and SLC business micro sd cards.
Read the 120 – page TOC report on “Memory Cards market analysis report by type (SD card, flash drive, memory stick, and multimedia card) and geography (APAC, Europe, North America, South America, and MEA), and segment projections during 2021-2025 “. Get competitive information about market leaders. Monitor key business opportunities, trends and threats.
Further details: https://www.technavio.com/report/memory-cards-market-industry-analysis
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About Technavio
Technavio is a leading global technology research and consulting firm. Their research and analysis focuses on emerging market trends and provides workable insights to help businesses identify market opportunities and develop effective strategies to improve the market situation. more.
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