SECURE DIGITAL MEMORY CARD MARKET ANALYSIS

Key Takeaways from Analyst

Global secure digital memory card market growth is driven by rising adoption of smart devices worldwide. Increased penetration of smartphones, tablets, cameras and other consumer electronics has accelerated the demand for SD cards. Easy portability, high storage capacity and compatibility with various devices make SD cards an ideal storage solution. The prevalence of Android-based smartphones and tablets, coupled with rising memory requirements of high-resolution content can boost SD card sales. However, growing popularity of cloud storage and Internet of Things devices supporting embedded storage may limit the adoption of physical SD cards. Macroeconomic challenges affecting discretionary consumer spending can also pose threat. Increasing connectivity and need for accessing data on multiple devices conveniently will support. Moreover, improving standards and continuous technological upgrades in memory capacities at affordable costs can drive the market growth.