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Secure Digital Card Industry Growth, Competitive Landscape, Emerging Trends, Opportunities And Forecast To 2032 - Western Digital Corporation, ADATA Technology Co. Ltd., Kingston Technology Company Inc
Secure Digital Card Market
Secure Digital Card Market Size, Growth Rate, And Forecast
The global secure digital card market size is expected to grow from $8.62 billion in 2022 to $9.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global secure digital card market size is expected to reach $11.38 billion in 2027 at a CAGR of 5.5%.
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Secure Digital Card Market Drivers
The increase in the use of digital devices is expected to propel the growth of the secure digital card market going forward. Digital devices refer to electronic devices that can receive, process, and transmit digital information electronically, such as laptops, smartphones, and tablets. Digital devices require secure digital cards to expand their storage capacity and store more digital data, such as photos, videos, music, and documents. As the usage of mobile phones increases, users rely on external storage solutions like secure digital cards to increase storage capacity, leading to an increase in demand for secure digital cards. For instance, in April 2021, according to a Pew Research Center report, a US-based nonpartisan organization, the use of desktop and laptop computers is still widespread, in the US, 53% of adults own a desktop or laptop computer as of 2021. Moreover, according to Cisco Annual Internet Report (2018-2023), in the US, the number of connected devices per person is projected to reach 13.6 (average) by 2023, up from 6.58 (average) in 2018. Therefore, an increase in the use of digital devices is driving the growth of the secure digital card market.
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Secure Digital Card Market Segments
• By Size: Micro SD Card, SD Card, Mini SD Card
• By Storage Capacity: 2 GB, 4 GB, 8 GB, 16 GB, Other Storage Capacities
• By Application: Digital Cameras, Tablets, Mobile Phones, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the secure digital card market.
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Secure Digital Card Market Key Players
Major competitors in the secure digital card market are Western Digital Corporation, ADATA Technology Co. Ltd., Kingston Technology Company Inc., Micron Technology Inc., Panasonic Holdings Corporation, PNY Technologies, Samsung Electronics Co. Ltd. (Samsung Group), Sony Corporation, Toshiba Corporation.
The Business Research Company's "Global Secure Digital Card Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Secure Digital Card Market Include:
1. Executive Summary
2. Secure Digital Card Market Characteristics
3. Secure Digital Card Market Trends And Strategies
4. Secure Digital Card Market - Macro Economic Scenario
5. Secure Digital Card Market Size And Growth
………………
27. Secure Digital Card Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Secure Digital Card Market
29. Secure Digital Card Market Future Outlook and Potential Analysis
30. Appendix
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