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Research and Markets: The SD Card Market in India to Grow At A CAGR Of 24 Percent over the Period 2011-2015

Research and Markets (http://www.researchandmarkets.com/research/cmmbqp/sd_card_market_in) has announced the addition of the "SD Card Market in India 2011-2015" report to their offering.

One of the key factors contributing to this market growth is the increasing demand for SD cards in smartphones. The SD Card market in India has also been witnessing a high mobile penetration rate. However, the declining price of SD cards could pose a challenge to the growth of this market.

Key vendors dominating this market space include Kingston Technology Co., SanDisk Corp., Sony India, and Transcend Information Inc.

Other vendors mentioned in the report: Strontium Technology Pte Ltd., and Amkette.

Commenting on the report, an analyst from TechNavio's Hardware team said: ''Currently, India is among some of the major countries witnessing high mobile penetration rates. The demand for feature phones is high in the rural parts of the country while the demand for high-end smartphones is growing at a high rate in the urban parts of the country. With this high penetration rate, the demand for secure digital (SD) cards is also high. The mobile phone is no longer used for just calling purposes. The phone is now being used for downloading numerous games, applications and videos, all of which require high data storage. All these require external memory to be used as the internal memory is not sufficient. Thus, the high mobile penetration rate in India is a major trend in the SD Card market in India.''

According to the report, one of the key growth drivers in the SD Card market in India is the increasing demand for SD cards in smartphones. Smartphones have a wide range of applications for which the internal memory is often not sufficient. In addition to this, almost all smartphone users store data such as movies, music, and documents on their phone which again requires more data storage space than what is present in the phone. Most of the smartphones available in the market use microSD cards.

For more information visit http://www.researchandmarkets.com/research/cmmbqp/sd_card_market_in

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