Market for memory cards in 2023-2027: A descriptive market analysis, market dynamics, segmentation, and five forces model

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NEW YORK, Dec. 16, 2022 /PRNewswire/ — Technavio claims that the following: global memory cards market The size of the market is expected to increase by USD 565.28 Million from 2022 to 2027. The market is forecast to grow at a CAGR rate of 1.19% over the forecast period. The market’s growth momentum will also accelerate. The market will grow by 31% in the APAC region during the forecast period.

Technavio’s latest market research report, Global Memory Cards Market 2023-2027 has been released

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Market analysis of the parent market for global memory cards

Technavio has categorized the global memory cards market as a part of the Global technology hardware, storage and peripherals market which covers manufacturers of cellular phones, personal computers, servers, electronic computer components, and peripherals. It also covers data storage components, motherboards audio and video card, monitors keyboards printers and other peripherals.

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Global memory card market – Five forces
The global memory cards market is fragmented, and the five forces analysis covers–

  • Buyers have the ability to bargain

  • The threat from new entrants

  • Threat of rivalry

  • Suppliers have the ability to bargain

  • Threat of Substitutes

  • For interpretation of Porter’s five forces model – buy the report!

Global memory cards market – Customer landscape 

The market adoption lifecycle is covered in the report, starting at the innovator’s level and ending at the laggard. It examines adoption rates by different regions, based on their penetration. It also contains key purchase criteria and drivers for price sensitivity, which can be used to aid companies in developing and evaluating their growth strategies.

Segmentation of global memory card market

Segment overview

Technavio has segmented the market based on type (SD card, compact flash, memory stick, and multimedia card) and application (mobile phones, cameras, and computers and laptops).

  • The SD card segment will account for a significant share of the market’s growth during the forecast period. SD cards are widely used in smartphones and other devices such as cameras and camcorders, tablets, media players, and gaming consoles.SD cards have a large internal memory and fast read/write speed for storing UHD content. It is expected that its use in camcorders and cameras will increase. These factors will fuel the segment’s growth over the forecast period.

Overview of Geography

The global memory card market can be divided into APAC and APAC based on geography. North America, Europe, South America?, and Middle East And Africa. The report gives actionable insights as well as estimates the contribution of each region to the growth and development of the global memory cards industry.

  • APAC will account for 31% of the growth of the global market during the forecast period. Mobile phones with a price tag below $1000 per unit will be shipped. USD 100 Emerging economies such as India, China, Pakistan, Indonesia?, and Bangladesh. These phones have lower storage capacities than higher-end smartphones. These phones can take memory cards to increase their storage capacity. In addition, the demand for memory cards will further increase due to the growth of social media platforms such as Facebook, Twitter, and Instagram, as end-users tend to download more content from these platforms. These factors will be driving regional market growth in the forecast period.

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Global memory card market Market dynamics

Key factor driving market growth

  • Global memory cards market growth is driven by the increasing demand for storage devices in camcorders and cameras.

  • As high-quality images are captured, the demand for digital cameras and camcorders with high pixels is on the rise. You will need more storage space to store these pictures.

  • While digital cameras and camcorders come with built-in memory, they are limited in their ability to store high-quality photos. This makes it necessary to use memory cards.

  • The popularity of photography has led to a rise in demand for camcorders and cameras, which in turn has led to a greater demand for memory cards.

The market is influenced by the leading trends 

  • A key trend in the market is the increasing demand for high-capacity solutions.

  • The demand for storage devices of high capacity has increased with the rise in data transactions.

  • SD Association has set higher bandwidth specifications in order to support data growth. End-users will be able to choose from different memory cards.

  • Manufacturers of memory cards are creating products that have high storage capacities. These are comparable to HDD and USB flash drive. The market’s storage capacity has increased from 1GB up to 512GB.

  • Vendors offer memory cards that have high storage capacities to support the market’s growth over the forecast period.

Major obstacles to market growth

  • Global memory card market growth is being hampered by the rise of cloud storage.

  • Cloud storage technology allows data to be stored online and can be accessed from many connections. This has resulted in a greater demand for cloud-based services. Cloud storage can be used to archive and retrieve data in the event of data-related problems.

  • Besides, cloud storage is offered free of charge by companies like Google, Amazon Web Services and Microsoft Azure.

  • These factors will pose a challenge to the global memory card market over the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find some insights from a sample report!

What key data is covered in the memory cards market report?

  • The market’s CAGR for the forecast period

  • Below is detailed information about the factors that will drive growth of the memory card market between 2023-2027

  • Precise estimation of the size of the memory cards market and its contribution to the parent market

  • Exact predictions of future trends and changes in consumer behaviour

  • Growth of the memory cards market across APAC, North America, Europe, South AmericaAnd Middle East And Africa

  • Market analysis and details about vendors

  • Comprehensive analysis of factors that will challenge the growth of memory cards market vendors

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Memory Cards Market Scope

Report coverage

More Details

Page number

173

Base year

2022

Historical period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at an annual CAGR of 1.19%

Market growth 2023-2027

USD 565.28 Million

Market structure

Fragmented

YoY growth 2022-2023 (%)

1.02

Analyse regional

APAC, North America. Europe. South America. Middle East. Africa

Contributing to the market

APAC at 31%

Key countries

US, Canada China, Japan, UK and Canada

Competitive landscape

Market Positioning, Competitive Strategies and Industry Risks: Leading Vendors

Key companies profiled

ADATA Technology Co. Ltd. Apacer Technology Inc. ATP Electronics Inc. Cactus Technologies Ltd. Delkin Devices Inc. Innodisk Corp. Integral Memory Plc., Innodisk Corp. Integral Memory Plc., KINGMAX Technology Inc. Lexar Co. Ltd. Magic Ram Inc. Micron Technology Inc. Panasonic Holdings Corp. PNY Technologies Inc. Samsung Electronics Co. Ltd. Sony Group Corp. SUNROBOTICS Technologies Toshiba Corp.

Market dynamics

Analyse of parent market, Market growth inhibitors and obstacles, Analysis of fast-growing and slow growing segments, COVID-19 recovery analysis and future consumer dynamics. Market condition analysis for forecast period

The customization process

You can contact our analysts to request segments custom-made if the report does not contain the data you need.

The customization process

You can contact our analysts to request segments custom-made if the report does not contain the data you need.

Browse for Techanvio’s information technology market Reports

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

Analysis of the Five Forces

6 Market Segmentation by Type

7 Market Segmentation By Application

8 Customer Landscapes

9 Geographic Landscapes

Ten Trends, Challenges, And Drivers

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio, a global leader in technology research and consultancy, is an example of this. Their analysis and research focus on emerging market trends. This provides actionable insights for businesses to identify market opportunities and help them develop strategies to optimize their market positions. Technavio has over 500 analysts who specialize in 800 technologies. Their report library covers more than 17,000 topics and is growing. They have clients of all sizes, with more than 100 Fortune 500 companies. Technavio’s extensive coverage, extensive research and actionable market insights are key to this growing client base. This allows them to identify potential opportunities in markets, assess their market position within changing market situations, and evaluate their competitive positions.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Memory Cards Market 2023-2027

Global Memory Cards Market, 2023-2027

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