Press release
E-Sim Market: Business Development Strategies by Industry Players: Deutsche Telekom AG, Gemalto NV, Infineon Technologies AG, NXP Semiconductors, Sierra Wireless, STMicroelectronics, Vodafone, Giesecke & Devrient, Idemia, and NTT DOCOMO
Embedded Subscriber Identity Module (e-SIM) Market
The report offers in-depth analyses of the global embedded subscriber identity module market by closely monitoring the market trends, drivers & opportunities, top investment pockets, key growth strategies, and competitive landscape. According to the report, the global embedded subscriber identity module market was pegged at $1.05 billion in 2017 and is expected to reach $6.88 billion by 2025, registering a CAGR of 30.7% from 2018 to 2025.
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Players active in the industry
The key market players analyzed in the report include Deutsche Telekom AG, Gemalto NV, Infineon Technologies AG, NXP Semiconductors N.V., Sierra Wireless, STMicroelectronics, Vodafone, Giesecke & Devrient, Idemia, and NTT DOCOMO. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to expand their market presence.
Key Benefits for Embedded Subscriber Identity Module (e-SIM) Market :
o This study comprises an analytical depiction of the global e-SIM market with current trends and future estimations to depict the imminent investment pockets.
o The overall market potential is determined to understand the lucrative trends to gain a stronger foothold in the global e-SIM industry.
o The report includes information related to key drivers, restraints, and opportunities with a detailed impact analysis.
o The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the global e-SIM market.
o Porters five forces analysis illustrates the potency of the buyers and suppliers in this global market.
Extensive adoption of IoT, cloud computing, and connected devices drives the growth of the market. Moreover, favorable government regulations boosting machine-to-machine communications, technological advancements among the various industry sectors, rapid increase in sales of premium cars, and increase in purchasing power of consumers supplement the market growth.
Moreover, rising privacy and security concerns prevailing in various industries pose significant threats to the market growth. Conversely, increase in mobile computing devices, growth in demand for smart solutions, and rise in adoption of wearable electronics would offer lucrative opportunities for the e-SIM market.
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Connected cars segment would dominate the market through 2025
The connected cars segment accounted for the largest market share in 2017 and is expected to maintain its dominance during the forecast period. Embedded M2M SIMs identify individual vehicles, encrypt communications, and ensure secure global connectivity for smart vehicle systems. Moreover, users can enjoy both embedded voice and data services simultaneously. A passenger can search online for the best nearby restaurants while another passenger calls for a reservation. Such factors create lucrative opportunities for embedded SIMs in the connected car segment. However, the others segment, which comprises smart girds and smart meters, would witness the fastest growth of 29.8% by 2025.
Automotive segment would remain dominant, Others to exhibit the fastest growth
In 2017, the automotive segment contributed 28% of the total market revenue. An e-SIM provides a better approach in a connected car than a conventional removable plastic SIM. It is smaller, more robust, and can be remotely programmable. E-SIM is already used in advanced vehicles in developed countries. However, the others segment, which includes industries such as healthcare and retail, is expected to grow at the fastest CAGR of 33.3% from 2018 to 2025.
The report also discusses industries such as consumer electronics, manufacturing, telecommunication, transportation, and logistics.
COVID-19 Pandemic disrupted the entire world and affected many industries.
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Asia-Pacific top grow the fastest, North America to remain dominant
Asia-Pacific is expected to grow at the fastest CAGR of 32.1% through 2025 because the embedded SIM industry in the region is largely controlled by government policies that encourage sustainable manufacturing and investments in the sector. In addition, increased adoption of smart technologies in the Asia-Pacific region creates lucrative opportunities for the growth of the market. However, North America would remain dominant throughout the study period owing to the extensive adoption of IoT and cloud computing in the region.
Embedded Subscriber Identity Module (e-SIM) Market Segmentation:
By Application
o Connected Car
o Smartphone & Tablet
o Wearable Device
o Others
By Industry Vertical:
o Automotive
o Consumer Electronics
o Manufacturing
o Telecommunication
o Transportation & Logistics
o Others
By Region
o North America
o U.S.
o Canada
o Mexico
o Europe
o UK
o France
o Germany
o Italy
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o LAMEA
o Latin America
o Middle East
o Africa
Embedded Subscriber Identity Module Market to Reach $6.88 Bn, Globally, at 30.7% CAGR, by 2025 @ https://www.prnewswire.com/news-releases/embedded-subscriber-identity-module-market-to-reach-6-88-bn-globally-at-30-7-cagr-by-2025-says-allied-market-research-875623362.html
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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