e-SIM Market – Overview
The prevalence of IoT is a significant factor inspiring the adoption e-SIM. Market reports linked to the information and communication industry have been presented by Market Research Future which crafts reports on other industry verticals that intends to study the current market scenarios better. The market is headed to gain earnings worth USD 913.77 million while advancing with a CAGR of 28% in the forecast period.
The positive government regulations present in the countries around the world is encouraging the expansion of the e-SIM market. The surge in M2M communication is anticipated to further boost the e-SIM market’s growth in the forecast period. The rise in demand for roaming in cellular networks is expected to fuel the market in the coming years. Moreover, escalating demand for switching between service providers in real time is projected to create new avenues for growth.
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Segmental Analysis
The segmentation of the e-SIM market is carried out on the basis of end-user application and region. On the basis of end-user application, the e-SIM market is segmented into consumer electronics, energy & utilities, automotive, manufacturing, retail, and transportation & logistics. The automotive segment is additionally segmented into emergency systems, connected cars, and entertainment. The consumer electronics is further segmented into smartphones, tablets, laptops, and wearables. The transportation & logistics is further segmented into fleet management and M2M. The regions counted in the e-SIM market globally are Europe, Asia Pacific, North America and the rest of the world.
Detailed Regional Analysis
The assessment of the e-SIM market on the basis of the region includes Europe, Asia Pacific, North America and the rest of the world. The e-SIM market is projected to develop at a noteworthy rate through the forecast period. The Asia Pacific region is projected to lead the e-SIM market globally during the forecast period. Nations such as South Korea, China, Japan, and India are anticipated to govern the e-SIM market in the Asia Pacific regional market. The growing population, growing acceptance of smartphones, and innovative technology is motivating the e-SIM market in the Asia-Pacific region. Furthermore, the existence of IT & telecommunication industries also urges progress of the e-SIM market in Asia-Pacific region. The North American region is likely to develop at a quicker rate through the forecast period. The prompt adoption of original technologies such as artificial intelligence (AI) and IoT along with the existence of immense players is fuelling the e-SIM market in the North America region. The nations of the US, Mexico and Canada are anticipated to lead the e-SIM market in the North American region all through the forecast period.
Key Players
The distinguished contenders in the e-SIM Market are Gemalto NV (Netherlands), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Deutsche Telekom AG (Germany), Singapore Telecommunications Limited (Singapore), NTT DOCOMO, INC. (Japan), Sierra Wireless, Inc. (Canada), STMicroelectronics (Switzerland), and Telefónica, S.A. (Spain).
Competitive Analysis
The market shows an escalated growth pace due to the positive influence exerted by the market forces. The absorbed costs in the market are easily dealt with, opening up more room for development in the market. The promotional and other related expenses are improved particularly due to the progress of the market. The competitors are devotedly undertaking the obstacles to development and are building strategies that can lead to a beneficial effect on the market’s growth. Certain regions in the market are expected to achieve an absolute advantage in the market place due to optimized strategies. The accretive nature of some of the assets in the market is expected to boost the growth potential of the market. Additionally, the alliances being created in the market are expected to further motivate the expansion of the market in the coming years.
TABLE OF CONTENTS
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Markets Structure
3. Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. Market Landscape
Continued…….
LIST OF TABLES
Table1 Global E-SIM Market, By Country, 2018-2023
Table2 North America: E-SIM Market, By Country, 2018–2023
Table3 Europe: E-SIM Market, By Country, 2018–2023
Table4 Asia-Pacific: E-SIM Market, By Country, 2018–2023
Table5 Latin America: E-SIM Market, By Country, 2018–2023
Continued…….
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LIST OF FIGURES
Figure 1 Global E-SIM Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of Global E-SIM Market
Figure 4 Value Chain Of Global E-SIM Market
Figure 5 Share Of E-SIM Market In 2018, By Country (In %)
Continued…….
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