Europe Secure Digital Card Market Size, Share & Industry Trends Analysis Report By Application (Digital Cameras, Mobile Phones, Tablets and Others), By Size (Micro SD Card, SD Card and Mini SD Card), By Country and Growth Forecast, 2022 - 2028
The Europe Secure Digital Card Market would witness market growth of 4.3% CAGR during the forecast period (2022-2028).
A non-volatile memory card, known as an SD card, is a popular alternative to conventional flash memory storage devices because of its size and performance. Another important quality that SD cards have to offer is durability. Compared to other storage options, SD cards offer a far higher shock rating. This translates to the fact that SD cards are completely unharmed even when dropped from a height of 100 feet. SD cards are less prone to damage because of this and the metal connectors they employ.
Photography is becoming more and more popular. People are learning tips and tactics to improve their photography talents in order to achieve recognition as the number of social media sites like Instagram, Snapchat, Facebook, and Twitter has increased. Since cameras need storage that can resist extreme weather conditions, the need for rugged and strong storage solutions is also rising proportionally. One of the key factors driving the memory card industry is the rise in demand for such storage devices.
The UK economy receives £16 billion from the electronics industry each year. As a result, the UK is the largest market in the world for ITS and other technologies connected to surveillance. In the UK, more than 25% of all CCTV installations exist. One of the biggest software markets in Europe is found in Germany, which also boasts one of the biggest ICT markets in the world. The Information Commissioner's Office (ICO) oversees and enforces the General Data Protection Regulation (GDPR) and the Data Protection Act of 2018. If the user's CCTV system captures images of individuals who are not on a private domestic property, such as from common spaces, public locations, or adjacent homes or gardens, the GDPR and the DPA will be applicable to the user. During the projection period, this would result in an increase in the regional market.
The Germany market dominated the Europe Secure Digital Card Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $706.5 Million by 2028. The UK market is anticipated to grow at a CAGR of 3.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.1% during (2022 - 2028).
Based on Application, the market is segmented into Digital Cameras, Mobile Phones, Tablets and Others. Based on Size, the market is segmented into Micro SD Card, SD Card and Mini SD Card. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Toshiba Corporation, Panasonic Holdings Corporation, Sony Corporation, Western Digital Corporation, Micron Technology, Inc., Transcend Information, Inc., Kingston Technology Company, Inc., PNY Technologies, and ADATA Technology Co., Ltd.
Scope of the Study
Market Segments covered in the Report:
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