Secure Digital Card Size Worth $13 Billion By 2030: IndustryARC
Research Reports
Aug 15, 2024
Global Secure Digital Card size is predicted to reach $13 billion by 2030, growing at a CAGR of 4.3% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Increase in demand for high resolution video recording and the growing need for larger storage solutions propels market growth, finds IndustryARC, titled, “Secure Digital Card – By Card Type (Secure Digital Card, MicroSD Card, MiniSD Card, SDX, SDHC, Others), By Storage Capacity (Low Capacity (below 16GB), Medium Capacity(16GB-128GB), High Capacity (above 128GB)), By Speed Class (Class 2, Class 4, Class 6, Class 10, UHS-I, UHS-II, UHS-III), By Distribution Channel (Online Retailers, Offline Retailers, Direct Sales), By Application (Photography and Videography, Mobile Devices, Computers and Laptops, Gaming Consoles, Industrial Applications, Consumer Electronics, Others), By End Users (Individual Consumers, Professional Users, Enterprises, OEMs, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”.
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Asia-Pacific to Register Highest Growth:
In 2023, Asia-Pacific held the third-largest market share for Secure Digital Card market, with 36%, followed by North America and Europe. The large and mobile-dependent population in the Asia-Pacific region relies heavily on their devices for communication, entertainment, and work, as smartphones don’t come with expandable storage by default, SD cards offer a vital solution for users who need to store increasing amounts of data, such as high-resolution photos and videos. Additionally, rapid urbanization and rising disposable incomes across the region are creating a growing consumer base with a demand for digital content, this includes mobile gaming, e-commerce purchases, and high-definition entertainment streaming. These factors, generate and consume significant amounts of data, further fueling the need for additional storage solutions like SD cards in the Asia-Pacific region.
Secure Digital Card 2024-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
4.3% |
|
Market Size in 2030 |
$13 Billion |
|
Segments Covered |
By Card Type, By Storage Capacity, By Speed Class, By Distribution Channel, By Application, By End User, and By Region |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, Malaysia, Indonesia and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
SanDisk (Western Digital) Samsung Electronics Kingston Technology Sony Corporation Lexar (Micron Technology) Toshiba Memory Corporation PNY Technologies Transcend Information, Inc. ADATA Technology Delkin Devices |
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Secure Digital Card Report – Key Takeaways:
- Increasing demand for High-Resolution Content
Increasing demand for High-Resolution Content are a major market driver propelling the Secure Digital Card market forward. The rise of high-megapixel cameras, particularly in smartphones, is fueling the need for larger storage capacities, consumers are increasingly opting for high-resolution content creation, pushing the boundaries of storage limitations on built-in device memory, SD cards offer a convenient and expandable solution to store this ever-growing library of high-resolution media. Additionally, these high-definition formats capture incredible detail and vibrant colors, but require substantial storage space. SD cards with faster read/write speeds are crucial for handling the heavy data transfer associated with 4K/8K recording, ensuring smooth recording and playback experiences, which propels the overall Secure digital card market growth.
- MicroSD Cards hold the largest share
The MicroSD Cards segment is the fastest-growing segment and is expected to grow at a CAGR of nearly 5% in the forecast period. MicroSD cards are incredibly small and lightweight, making them ideal for sleek and portable devices like smartphones, drones, and action cameras, this compact size allows manufacturers to equip even the most space-constrained devices with expandable storage capabilities. Additionally, MicroSD cards aren’t limited to smartphones, their versatility extends to tablets, e-readers, gaming consoles, digital cameras, and various wearables. This widespread compatibility makes them a universal storage solution for users with diverse mobile needs. In conclusion, the combination of compact size, versatility, affordability, and continuous performance improvements has solidified MicroSD cards as the leading format within the secure digital card market.
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Key Opportunity Analysis:
Security Solutions for Business and Government
The secure digital (SD) card market is witnessing a surge in demand for security solutions from businesses and government agencies which presents a significant market opportunity in the secure digital market. Businesses and government entities handle sensitive information, making them prime targets for cybercriminals, secure digital cards with advanced encryption features like AES-256 offer an additional layer of protection for data stored on the card. This encryption scrambles data, rendering it unreadable even if the card falls into the wrong hands. Additionally, secure SD cards with features like password protection, access control mechanisms, and remote data wipe capabilities can help businesses and government agencies comply with these regulations and minimize the risk of hefty fines or reputational damage from data breaches. The rising concerns about data security, regulatory compliance needs, and the evolving data landscape are driving the demand for secure digital cards with advanced security features in the business and government sectors.
Cloud Integration and Backup Solutions
Cloud integration and backup solutions present a unique market opportunity within the secure digital card market, addressing the evolving needs of data storage and security. Secure digital cards with hardware encryption and password protection offer an extra layer of security, even if the card is lost or stolen, data remains encrypted and inaccessible without the proper credentials. This layered security approach provides peace of mind for users storing sensitive information. Additionally, cloud integration features can automate data backup processes, eliminating the need for manual file transfers, automatic backups ensure that valuable photos, videos, or project files are always secured in the cloud, even in case of accidental deletion or device failure on the SD card, creating a more engaging customer experience, thereby propelling the overall market growth.
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The report also covers the following areas:
- Secure Digital Card Size and Forecast
- Secure Digital Card Trends
- Secure Digital Card Analysis by Product Type
Secure Digital Card 2024-2030: Key Highlights
- CAGR of the market during the forecast period 2024-2030
- Value Chain Analysis of key stakeholders
- Detailed analysis of market drivers and opportunities during the forecast period
- Secure Digital Card size estimation and forecast
- Analysis and predictions on end users’ behavior and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive analysis of challenges and constraints in the Secure Digital Card
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List of Key Market Players in the Secure Digital Card:
The Global Secure Digital Card is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
- SanDisk (Western Digital)
- Samsung Electronics
- Kingston Technology
- Sony Corporation
- Lexar (Micron Technology)
- Toshiba Memory Corporation
- PNY Technologies
- Transcend Information, Inc.
- ADATA Technology
- Delkin Devices
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Mr. Venkat Reddy Email: sales@industryarc.com (+1) 518-282-4727
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