Press release
Global Embedded SIM Market to Reach $6,886.2 Million by 2025
The Global Embedded Subscriber Identity Module Market was valued at $1,054.2 million in 2017, and is projected to reach $6,886.2 million by 2025, registering a CAGR of 30.7% from 2018 to 2025. North America was the highest contributor to the global market, registering a CAGR of 22.3% during the forecast period (2018 - 2025).
Factors such as increase in adoption of IoT technology, rise in in adoption of connected devices, and favorable government regulations boosting machine-to-machine communications drive the growth of the e-SIM market globally.
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The e-SIM is a smart device that assists in changing the operator by updating the software settings. The current business scenario witnesses an increase in demand for automotive, particularly in the developing regions such as China, India, and others due to an increase in population and vehicle demand.
Key Benefits for Embedded Subscriber Identity Module (e-SIM) Market:
• This study comprises an analytical depiction of the global e-SIM market with current trends and future estimations to depict the imminent investment pockets.
• The overall market potential is determined to understand the lucrative trends to gain a stronger foothold in the global e-SIM industry.
• The report includes information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the global e-SIM market.
• Porters five forces analysis illustrates the potency of the buyers and suppliers in this global market.
Market by Application:
• Connected Car
• Smartphone & Tablet
• Wearable Device
• Others
Top Impacting Factors:
• Increase in adoption of IoT technology
• Rise in privacy and security concern
• Surge in adoption of wearable electronics
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The major players operating in the global e-SIM market are Deutsche Telekom AG, Gemalto NV, Infineon Technologies AG, NXP Semiconductors N.V., Sierra Wireless, STMicroelectronics, Vodafone, Giesecke & Devrient, Idemia, and NTT DOCOMO.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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