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E-SIM Card Market - Expected to Expand at a CAGR of Over 15% Between 2017 and 2025

09-04-2018 07:47 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The “E-SIM Card Market (Application – M2M (Connected Cars, Utility, Others), Wearable & Companion Devices, Smartphones, Tablets & Laptops) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025”, report provides analysis of the E-SIM Card market for the period 2015–2025, wherein the years from 2017 to 2025 is the forecast period and 2016 is considered as the base year. Data for 2015 has been included as historical information. The report covers all the major trends and technologies playing a major role in the E-SIM Card market growth over the forecast period.

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A number of factors are contributing to the growth of the global E-SIM market, including the ability of E-SIMs to switch between network providers in real time Over the Air (OTA). This facility allows users to change their network providers at ease, thereby preventing consumers from incurring international roaming charges. This facility comes in handy especially when used in connected cars and smart meters where it helps reduce significant operational and logistics costs.

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Other factors fueling the growth of the global E-SIM market include the standardized set of technical specifications for the E-SIM technology, which offers better security than conventional SIM cards. The technology has been standardized by Groupe Speciale Mobile Association and covers over 800 mobile operators across the globe.

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In terms of application, the global E-SIM card market has been segmented into machine to machine (M2M), wearable and companion devices, smartphones, and tablets and laptops. The segment of M2M, among these, contributed the leading revenue contribution in 2016. M2M is further sub-segmented into connected cars, utility, and others. Of them, connected cars is expected to expand at a CAGR of over 15% between 2017 and 2025 backed by the rising adoption of E-SIM card in the automotive industry for weather information and infotainment.

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