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eSIM Market Predicted to Reach USD 2,282.27 million with a CAGR of 27.36% from 2020 to 2027

09-17-2021 12:38 PM CET | IT, New Media & Software

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
The Insight Partners

The Insight Partners

According to our latest market study on "eSIM Market was valued at US$ 392.74 million in 2019 and is projected to reach US$ 2,282.27 million by 2027; it is expected to grow at a CAGR of 27.36% from 2019 to 2027.

With continuous technological advancements in the field of SIM, several telecom companies and SIM developers have developed and commercialized embedded SIM, also known as embedded Universal Integrated Circuit Card (eUICC). Unlocking the potential for M2M communication, eSIM has significantly marked a new shift to the market.

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Various mobile networks are delivering connectivity to a broad range of devices with the help of eSIM. Machine-machine (M2M) communication is steadily growing in a variety of applications across the globe. The M2M technologies are transforming the organization's operational pattern and are creating new revenue generation streams.

The automotive, manufacturing, and consumer electronics industries are among the leading industries to integrate their manufacturing facilities with M2M communication technologies in order to facilitate communication. The acceptance of the connected ecosystem has revolutionized the industries such as manufacturing, utilities, automotive, and others.

The advent of 5G and M2M communication are significantly driving the global eSIM market.M2M, along with the offerings of eSIM to drive socio-economic benefits to industries and government. It has led to unlocking new areas of revenue growth. The key factors for the demand for M2M communication are increasing operational efficiencies and a high focus on customer experiences. Moreover, the evolving partnership in the digital ecosystem is creating significant opportunities for network providers and M2M service providers. 

Growth in the adoption of M2M communication is creating significant opportunities for eSIM providers. Global M2M communication is expected to cross US$35 billion by 2022. This high growth in M2M communication is expected to create significant global demand for eSIM.       

The List of companies - eSIM Market

Deutsche Telekom AG, Gemalto NV, Giesecke + Devrient Mobile Security GmbH, IDEMIA, Infineon Technologies AG, NXP Semiconductors N.V., Sierra Wireless, STMicroelectronics, Telefónica S.A, and Vodafone PLC are the leading players operating in the embedded SIM (eSIM) market. Several other players are also functioning and are contributing significant revenues in the embedded SIM (eSIM) market.

COVID-19 Impact on eSIM Market

According to World Health Organization (WHO) report, the US, Spain, Italy, France, Germany, the UK, Turkey, Iran, China, and Russia are some of the worst affected countries due to the COVID-19 outbreak. The COVID-19 crisis is affecting the industries worldwide and the global economy is anticipated to take the worst hit in the year 2020 and likely in 2021 as well.

The outbreak has created significant disruptions in primary industries such as consumer electronics, semiconductors, automotive, and IT infrastructure. All these industries are crucial for the growth of the global eSIM market as they are the major demand generation industries for eSIMs.

The factory shutdowns travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted both manufacturing and sales of various consumer electronic products and components. The global electronics and semiconductor industry is one of the major industries that is suffering serious disruptions due to supply chain issues and manufacturing shutdowns.

Major highlights of the report:

All-inclusive evaluation of the parent market

Evolution of significant market aspects

Industry-wide investigation of market segments

Assessment of market value and volume in past, present, and forecast years

Evaluation of market share

Tactical approaches of market leaders

Lucrative strategies to help companies strengthen their position in the market

ESIM Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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Reason to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global ESIM market.

Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.

The key findings and recommendations highlight crucial progressive industry trends in the ESIM market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue. 

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Thanks for reading this release; you can also customize this report to get select chapters or region-wise coverage with regions such as Asia, North America, and Europe.

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North America: +1 646 491 9876

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Email: sales@theinsightpartners.com

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Our research model is very simple. We believe in client servicing and delivering best quality to our customers. Through our research content, we are making sure that our customers get the value of their money along with better quality data and analysis.

Our research content is majorly focused on market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis etc. We provide a detailed break-up of segmentation in terms of geography, technology, product and services etc.; which helps our clients to get deeper analysis on various research topics.

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