Portland, OR, Feb. 22, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global secure digital card market was estimated at $8.8 billion in 2021 and is expected to hit $13 billion by 2031, registering a CAGR of 4.3% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $8.8 Billion |
| Market Size in 2031 | $13 Billion |
| CAGR | 4.3% |
| No. of Pages in Report | 193 |
| Segments Covered | Size, Application, and Region. |
| Drivers | Increase in technological advancements |
| Rise in need for surveillance video cameras | |
| Restraints | Widespread use of SD memory cards is the declining average selling prices (ASP) of NAND-based flash memory goods. |
| Opportunities | Surge in adoption of IoT devices |
Covid-19 Scenario-
- Several restrictions on construction activities during the pandemic impacted the global secure digital card market negatively.
- The disrupted supply chain across the world hampered the electronics and consumer electronics sectors negatively, which had a negative impact on the global secure digital card market, especially during the initial phase. Also, lack of availability of skilled professionals to develop secure digital card solutions worsened the scenario even more.
- However, as the global situation has recovered, the market has now got back on track.
The global secure digital card market is analyzed across size, application, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By size, the micro-SD card segment contributed nearly half of the global secure digital card market share in 2021 and is projected to rule the roost by 2031. The same segment, simultaneously, would display the fastest CAGR of 4.85% throughout the forecast period.
By application, the digital camera segment accounted for the highest share in 2021, generating nearly half of the global secure digital card market revenue. The same segment, simultaneously, would portray the fastest CAGR of 4.83% during the forecast period.
By region, the market across Asia-Pacific held the major share in 2021, garnering nearly half of the global secure digital card market. On the other hand, would showcase the fastest CAGR of 5.16% from 2022 to 2031.
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The key market players analyzed in the global secure digital card market report include Sandisk Corporation, Transcend Information, ADATA Technology Co., Ltd, Toshiba Corporation, Samsung Electronics Co Ltd, Sony Corporation, Panasonic Corporation, Micron Technology Inc, Kingston Technology and PNY Technology Inc. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
Key Benefits for Stakeholders
- This study comprises analytical depiction of the secure digital card market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall secure digital card market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The secure digital card market forecast is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
- The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the secure digital multimedia card market.
- The report includes the share of key vendors and market trends.
Secure Digital Card Market Report Highlights:
Size
- Micro SD Card
- SD Card
- Mini SD Card
Application
- Digital Cameras
- Tablets
- Mobile Phones
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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