The global Embedded SIM (eSIM) Market is forecasted to be worth USD 3019.1 Million by 2027, according to a current analysis by Emergen Research. The embedded sim (eSIM) market is forecasted to grow exponentially over the forecast timeframe owing to the growing adoption of IoT connected devices in manufacturing. The rising demand for the Embedded SIM products is expected to drive the demand for Embedded SIM , thereby bolstering the growth of the industry.
Embedded SIM (eSIM) Market Size – USD 410.1 Million in 2019, Market Growth - CAGR of 29.9%, Market Trends – The rise in the use of eSIM in Machine to Machine connectivity. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness. The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Embedded SIM market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Embedded SIM industry.
The most advanced "all-in-one" chipset in the world, incorporating NFC, Secure Element, and eSIM, and the 40 nm Secure element of SU070, provides digital wallet protection and eSIM solutions. With the introduction of this solution, NXP will strengthen its position globally. Over the forecast timeframe, the connectivity service segment is anticipated to dominate the market with a CAGR of 30.2%, as connectivity services include services to mobile network operators to ensure stable and efficient end-user network connection.
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Key participants include KORE Wireless Group Inc., Giesecke+Devrient Mobile Security GmbH, Arm Limited, Gemalto NV, STMicroelectronics, Infineon Technologies AG, NXP Semiconductors N.V., Deutsche Telekom AG, Sierra Wireless Inc., and Vodafone Group Plc among others.
Solution Outlook (Revenue, USD Million; 2017-2027)
Hardware
Connectivity Services
Application Outlook (Revenue, USD Million; 2017-2027)
Smartphones
Laptops
Wearables
Connected Cars
Machine to Machine
Others.
Regional Analysis of the Embedded SIM Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Due to the rapid implementation of smart grids and other advanced technologies, North America is anticipated to hold the largest market over the forecast period. Due to the presence of a major market player in Europe is projected to experience substantial growth over the forecast period. The growing adoption of IoT connected devices and rising government initiatives to promote electric vehicles is driving the demand for the market.
Key Points of Embedded SIM Market:
Extensive coverage of the analysis of the Embedded SIM market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Embedded SIM market
Complete data about the key manufacturers and vendors in the Embedded SIM market
Highlights of the TOC:
1. Report Overview 1.1 Research Scope 1.2 Key Embedded SIM market segments 1.3 Major players 1.4 Market analysis by product 1.5 Market analysis by application 1.6 Report timeline
2. Global Growth Trends 2.1 Global Embedded SIM market size 2.2 Latest Embedded SIM market trends 2.3 Key growth trends
3. Competitive Landscape 3.1 Global Embedded SIM market key players 3.2 Global Embedded SIM size by manufacturers 3.3 Products of major players 3.4 Entry barriers in the Embedded SIM market 3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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