The eSIM market which was growing at a value of 10.77 billion in 2021 and is expected to reach the value of USD 34.82 billion by 2029, at a CAGR of 15.80% during the forecast period of 2023-2027
E-sim is expected to have a bright future in developing #IoT and #5G technology. The customer population is quite knowledgeable about the market's advances in e-sim. E-sim is not merely a change from physical to #digitalSIM card technology; it is also projected to significantly impact and bring value to the Internet of Things (IoT). Many original equipment manufacturers (OEMs) have advanced their goods thanks to e-sim.
Some of the key questions answered in this report:
- What has been the impact of COVID-19 on the Global Espresso Coffee Market?
- What are the key regional markets?
- What is the structure of the Global Espresso Coffee Market and who are the key players?
- What is the degree of competition in the industry?
- What are the key opportunities of the market?
- Who are the major players operating in the market?
- Which region of the market is expected to witness the highest growth during the forecast period?
- Which country’s data are covered in the report?
- What is the future market value?
- What is the growth rate of the market?
- What is the application segment?
- What are the major countries covered in the Market?
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Opportunities
THE INCREASING USE OF IOT AND THE LAUNCHING OF 5G TECHNOLOGY
E-sim is considered a promising future to develop cognisant with IoT and 5G technology. There has been great awareness regarding the developments in e-sim in the market among consumers. E-sim is not just an evolution in SIM card technology from physical to digital; it is promised to have a great impact and value addition on the Internet of things (IoT). e-sim has enabled many original equipment manufacturers (OEMs) to advance their products in building a range of products that are flexible and has global deployment, especially in Industrial IoT, which includes sensors, processors, systems, and platforms; e-sim will be used by businesses to create greater operational efficiencies and other industry-specific use cases.
eSIM Market Analysis and Size
- With the constant evolution of smart connected devices in every industry vertical, there is an increasing demand for centralized manageable network-connected devices.
- Remote connectivity is becoming increasingly important for device management. The number of smart device manufacturers is rapidly increasing to meet this demand.
- eSIMs are becoming increasingly popular because they enable users to remotely manage all connected devices, such as cars, mobile phones, wearables, and medical devices.
- Due to their 'Machine to Machine' capabilities and remote provisioning, eSIMs are becoming increasingly popular among smart device manufacturers.
- Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Define Market Drivers, Restraints, Trends, and Opportunities
- Increasing number of M2M connections globally is driving the market growth.
- Rising adoption of eSIMs in M2M applications such as connected cars, retail POS, and smart meters is anticipated to boost the growth of the market.
- eSIM requires less space in M2M devices, thus increasing its adoption in M2M applications.
- Lack of technological awareness among end-users and smaller number of MNOs supporting eSIM technology are restraining the market growth.
- Absence of technical support in many countries can the adoption of eSIM technology among telecom carriers. For instance, Apple Inc. has announced the launch of different models of iPhones having preinstalled eSIM in it. However, in countries such as India and Japan, all carriers are not supporting eSIM technology, thus affecting the market growth
- An eSIM collects and stores the data of MNOs in an in-built software of the device that is prone to various security hacks. Additionally, it operates through multiple MNOs and physical platforms, which exposes it to the risks of the virtual environment. Thus, such factors can impede the market growth.
- The emergence of COVID-19 pandemic has adversely affected the global eSIM market. Various government restrictions to control spread of the disease has resulted in supply chain disruptions.
- eSIM removes the inconvenience of changing service providers. Additionally, it leads to operational efficiency and provision of secure environment. The latest embedded SIM cards offer guaranteed profile interoperability, thereby spurring the growth of global e-sim industry.
Global eSIM Market Scope
The eSIM market is segmented on the basis of application, solution and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Application
- Connected Cars
- Laptops
- M2M
- Smartphones
- Tablets
- Wearables
- Others
- Vertical
- Automotive
- Consumer Electronics
- Energy and Utilities
- Manufacturing
- Retail
- Transportation and Logistics
- Solution
- Hardware
- Software
- For achieving incredible growth in the business, eSIM market research report plays a very vital role.
- This market report comprises of a range of factors that have an influence on the market which are industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, drivers, restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles.
- eSIM market analysis makes knowledgeable about various segments that are relied upon to observe the quickest business development amid the estimate forecast frame.
- In addition, the premium eSIM market survey report brings into focus the new highs that will be made by the ABC industry in the forecast period 2022 – 2029.
- A team of passionate, dynamic and skilled researchers and analysts take efforts with full commitment to provide with an absolute market research report. This market report lends a hand by giving actionable market insights and comprehensive market analysis.
eSIM Market Regional Analysis/Insights
- The eSIM market is analyzed and market size insights and trends are provided by country, application, solution and vertical as referenced above.
- The countries covered in the eSIM market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and eSIM Market Share Analysis
The eSIM market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to eSIM market.
Some of the major players operating in the eSIM market are:
- STMicroelectronics (Switzerland)
- Infineon Technologies AG (Germany)
- NXP Semiconductors (Netherlands)
- Deutsche, Telekom AG (Germany)
- Gemalto NV (Netherlands)
- NTT Docomo (Japan)
- Giesecke+Devrient GmbH (Germany)
- Sierra Wireless (Canada)
- Singtel (Singapore)
- Telefonica SA (Spain)
What is the current market value?
The current market value is USD 10.77 billion in 2021.
What is the growth rate of the market?
The market is expected to grow at a rate of market is 15.80% during the forecast period of 2022 to 2029.
Which countries data are covered in the report?
The countries covered in the eSIM market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Global eSIM Market
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https://www.databridgemarketresearch.com/toc/?dbmr=global-esim-market
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