SandlerResearch.org added Global Secure Digital Card Market 2016-2020 a new research reports in its store. One of the major trends in the global SD card market is the increasing adoption of high-density memory cards. SD card manufacturers are developing models with high storage capacity on par with HDD and USB flash drives. The storage capacity of SD cards has increased to 512 GB from 2 GB. Vendors are providing SD cards with high storage capacity, as younger customers prefer such memory cards due to the rising popularity of social networking apps such as Facebook, Instagram, and WhatsApp.
Complete report on SD card market spread across 59 pages, analyzing 10 major companies and provides 41 data exhibits is now available at http://www.sandlerresearch.org/global-secure-digital-card-market-2016-2020.html .
The analysts forecast global SD card market to grow at a CAGR of 0.44% during the period 2016-2020. According to the report, the high demand for rugged and robust storage devices is a major driver for the global SD card market. SD cards are rugged compared to traditional storage media, as SD cards have an operating shock rating of 2,000 Gs compared to 100-200 Gs for traditional storage media in portable computing devices.
During 2015, the microSD card segment dominated the global SD card market and accounted for a market share of nearly 92%. Factors such as the rising popularity and adoption of smartphones with microSD cards will aid in the growth of this market segment during the forecast period.
Order a copy of Global Secure Digital Card Market 2016-2020, report @ http://www.sandlerresearch.org/purchase?rname=53661 .
In market study, the analysts have estimated APAC dominate the market during the forecast period and account for a revenue share of more than 62% of the market by 2020. The presence of electronic giants like Samsung Electronics, Sony, and LG Electronics is one of the primary reasons for the high revenue contribution from the region. Also, major players such as Nikon and Canon are also based in this region, leading to the increased adoption of SD cards. Moreover, an enormous potential customer base is another major factor for the high revenue contribution from APAC.
The SD card market is highly competitive with the presence of some well-established players. The competition is expected to intensify with vendors interested in developing high-capacity cards with high data transfer rates. Also, with the existing vendors investing huge amounts of money in research and development, the market competition will get intense during the forecast period.
Main players in the Global Secure Digital Card Market: ADATA Technologies, Kingston Technology, Lexar, Panasonic, Samsung, SanDisk, Sony, Toshiba, Transcend information, and Verbatim.
Further, the report states that the declining prices of SD cards is a major challenge in the market.
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