eSIM Market Size, Trends, Growth Scenario and Analysis 2027
Posted by Prabha Mahajan on October 19th, 2022
According to the latest research report published by The Insight Partners, titled “eSIM Market to 2027–COVID-19 Impact and Forecast and Global Analysis”, the global eSIM market is expected to reach US$ 2282.3 million by 2027, registering a CAGR of 27.4% during the forecast period 2020–2027.
The machine-machine (M2M) communication is steadily growing across a variety of applications across the globe. The M2M technologies are transforming the organization's operational pattern and are creating newer revenue generation streams. The machine-machine (M2M) communication is steadily growing across a variety of applications across the globe. The M2M technologies are transforming the organization's operational pattern and are creating newer revenue generation streams. Further, growing investments in the development as well as integration of encoders to enhance its application across various industries are predictable to play a significant role in the near future. Furthermore, the tech-savvy millennial and mid-aged population across the globe demand advanced technologies such as smartphones, smart wearable, and others. Owing to this, several companies constantly engage themselves in developing robust technologies to ease their lifestyle. The US, China, Japan, Germany, India, and the UK are among the leading technology developing countries and houses a significant number of consumer electronics manufacturers and automobile manufacturers. The smartphone manufacturers contribute a significant revenue share in the embedded SIM (eSIM) market.
Request sample PDF Copy https://www.theinsightpartners.com/sample/TIPTE00002282/
The eSIM market operates in a highly fragmented and competitive marketplace. As leading companies in this market continue to broaden its addressable market, by expanding its current offerings, diversifying its client base, all the prominent players face an increasing level of competition, both from start-ups as well as the leading established companies in the globe. Several companies in the value chain are acquiring other players in the market to maintain their position in the market and provide efficient services to its customers. Major companies of eSIM providers are based in European region. However, the market is penetrating at a high growth rate in the APAC region.
The embedded SIM (eSIM) market is poised to soar over the years. This majorly pertains to the fact that the demand for eSIMs is at a constant rise among the smartphone manufacturers, automobile manufacturers, laptop manufacturers, energy & utility sector players. The uptake of the energy and utility sector is one of the prominent opportunities for the eSIM manufacturers, as energy & utility sector players are increasingly transforming their traditional business to digitalized business. The digitalization of utility and power generation sector is expected to reflect the rise in electricity theft, and eSIMs are capable of transmitting real-time information, thereby reducing the risk of power theft. Attributing to this, the demand for eSIMs is expected to accentuate among the utility and power generation sector, which is ultimately anticipated to drive the embedded SIM (eSIM) market.
The key companies profiled in the eSIM market include Deutsche Telekom AG, Gemalto NV, Giesecke + Devrient Mobile Security GmbH, IDEMIA, Infineon Technologies AG, NXP Semiconductors N.V., Sierra Wireless, STMicroelectronics, Telefónica S.A, and Vodafone PLC. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.
Most of the market initiatives were observed in Europe region, which have a high potential of eSIM providers.
Few of the important market initiatives and product developments from the industry are mentioned below:
Read More @ https://www.theinsightpartners.com/reports/esim-market
Like it? Share it!
About the AuthorPrabha Mahajan
Joined: September 26th, 2022
Articles Posted: 158
More by this author