Global Flash Memory Card Market to Expand at a CAGR of 5% Over 2022-2027 – IMARC Group

The latest research study, “Flash Memory Card Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” has been added by IMARC Group. The global flash memory card market reached a value of US$ 8.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.6 Billion by 2027, exhibiting a CAGR of 5% during 2022-2027.

A flash memory card is a storage device used to store data, including pictures, texts, audio, videos, and documents. Also known as a storage card, it utilizes nonvolatile semiconductor memory and offers storage capacity, maximum portability and increased durability and transfer speed. It is compatible with numerous devices, such as laptops, netbooks, and desktops. As they are lightweight and compact in size, the demand for flash memory cards is escalating across the world.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of the major players in the market are SanDisk, IMEC, Corsair, G.SKILL International Enterprise, Mushkin, Kingston, Samsung, SK Hynix, Toshiba, Transcend Information, etc.

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Global Flash Memory Card Market Trends:

Flash memory cards require less power and are convenient to use and less prone to mechanical damage. They are widely utilized in cameras as they do not require external programming and assist in storing images and videos. Consequently, the increasing sales of cameras, along with a considerable rise in the demand for high-resolution images with near-perfect color reproduction, is also propelling the growth of the flash memory card market. Furthermore, the rising penetration of the internet and the increasing reliance on smartphones have escalated the need for data storage, which, in turn, is strengthening the market growth. The leading players are launching product variants with higher storage capabilities, which is anticipated to drive the market further.

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