eSIM Market to Emerge with Evolution of 5G Technology at a CAGR of 27.36% by 2027 - With COVID-19 Outbreak Analysis & Worlwide Upcoming Opportunities 2020

COVID-19 outbreak, which began in Wuhan (China) in December 2019, has rapidly spread across the globe. It has badly affected China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US in terms confirmed positive cases and reported deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries as it has resulted in lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the eSIM market due to factory shutdowns, disrupted supply chain, and downturned global economy.

The eSIM market was valued at US$ 392.7 million in 2019 and is projected to reach US$ 2,282.3 million by 2027; it is expected to grow at a CAGR of 27.4% from 2020 to 2027.

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eSIM Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Application (Connected Cars, Laptops and Tablets, M2M, Smartphones, Wearables, Others); Vertical (Automotive, Energy and Utilities, Manufacturing, Retail, Consumer Electronics, Transportation and Logistics, Others)

Critical Questions this Report Answers:
- Where will all these developments take the industry in the long term?
- What are the upcoming trends for the eSIM Market?
- Which segment provides the most opportunity for growth?
- Who are the leading vendors operating in this market?
- What are the opportunities for new market entrants?

The machine-machine (M2M) communication is steadily growing across a variety of applications across the globe. The M2M technologies are transforming the organization's operational pattern and are creating newer revenue generation streams. The machine-machine (M2M) communication is steadily growing across a variety of applications across the globe. The M2M technologies are transforming the organization's operational pattern and are creating newer revenue generation streams. Further, growing investments in the development as well as integration of encoders to enhance its application across various industries are predictable to play a significant role in the near future.

Furthermore, the tech-savvy millennials and mid-aged population across the globe demand advanced technologies such as smartphones, smart wearables, and others. Owing to this, several companies constantly engage themselves in developing robust technologies to ease their lifestyle. The US, China, Japan, Germany, India, and the UK are among the leading technology developing countries and houses a significant number of consumer electronics manufacturers and automobile manufacturers. The smartphone manufacturers contribute a significant revenue share in the embedded SIM (eSIM) market.

Strategic Insights & Industry Developments:
Product development is the commonly adopted strategies by companies to expand their product portfolio. NXP Semiconductor, IDEMIA, and Gemaltoare among the key players implementing strategies to enlarge the customer base and gain significant share in the eSIM market, which in turn permitsthem to maintain their brand name in the global market.

eSIM Market Segmentation:

By Application
- Connected Cars
- Laptops and Tablets
- M2M
- Smartphones
- Wearable
- Others

By Vertical
- Consumer Electronics
- Automotive
- Energy and Utilities
- Manufacturing
- Retail
- Transportation and Logistics
- Others

Company Profiles
- Deutsche Telekom AG.
- Gemalto N.V.
- GieseckeDevrient GmbH
- IDEMIA
- Infenion Technologies AG
- NXP Semiconductor N.V.
- Sierra Wireless Inc.
- STMicroelectronics N.V.
- Telef�nicaS.A.
- Vodafone Group Plc.

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