Increasing demand for seamless M2M communication to lead eSIM market growth at 27.36%CAGR during 2020-2027

According to our latest market study on "eSIM Market to 2027 - COVID-19 Impact and Global Analysis and Forecast by Application (Connected Cars, Laptops and Tablets, M2M, Smartphones, Wearables, Others); Vertical (Automotive, Energy and Utilities, Manufacturing, Retail, Consumer Electronics, Transportation and Logistics, Others); and Geography" the 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.

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The embedded SIM (eSIM) market is predicted to witness a significant growth rate during the forecast period. The growth is majorly attributed to the substantial adoption of IoT technology across industries. The network connectivity has become an integral component of any manufacturing facility. The growth of the embedded SIM (eSIM) market also pertains to the presence of a large number of well-established players and emerging companies across the globe. Additionally, strong assistance from associations such as GSMA, European Telecommunications Standards Institute (ETSI), North American Telecommunications Association, and Telecommunications Industry Association is catalyzing the embedded SIM (eSIM) market players to enhance their technology, which is attracting an increased number of end users.

The embedded SIM (eSIM) market is also driven by the facility of seamless switch between network carriers. Traditionally, the device owner had to replace the physical SIM while switching to another network carrier, and there have been instances where SIM data is lost during network carrier switching. The usage of eSIM omits this threat of data loss, as the SIM is permanently integrated into the device. The opportunity to switch networks remotely is influencing individuals to opt eSIMs, and owing to the rising demand, the smartphone manufacturers are increasingly emphasizing on integrating the same on to the latest handsets. These factors are boosting the growth of the embedded SIM (eSIM) market.

The business intelligence report provides a detailed examination of market dynamics across North America, South America, Europe, Asia Pacific, and Middle East & Africa. The eSIM market is also segmented based on type and application to provide a systematic overview to the readers. This segmentation has been done keeping in mind the valuable inputs of industry experts, leaders of companies and stakeholders. Further, the market has been estimated by utilizing various research methodologies and internal statistical model.

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

Leading ESIM market Players: Deutsche Telekom AG., Gemalto N.V., GieseckeDevrient GmbH, IDEMIA, Infenion Technologies AG, NXP Semiconductor N.V., Sierra Wireless Inc., STMicroelectronics N.V., TelefónicaS.A., Vodafone Group Plc.

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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 COVID-19 outbreak. The COVID-19 crisis is affecting the industries worldwide and the global economy is anticipated to take a 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, semiconductor, automotive, and IT infrastructure. All these industries are crucial for the growth of 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.

ESIM market - Global Analysis to 2028 is an exclusive and in-depth study which provides an exhaustive analysis of the market including the current trend and future amplitude of the market with respect to the products/services. The report provides a detailed rundown of the ESIM market keeping in mind detailed segmentation by type, application, and region. This report provides an expert assessment of the leading companies in this business sphere by listing the products and services unveiled by them in order to help business owners to understand the market positioning of these players. PEST analysis of each region and country is documented as well.

Reasons to Buy
• Save the time and resources required for entry level research by getting an insight into the leading players and segments of global eSIM market.
• The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
• The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the ESIM market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
• Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Table of Content
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. eSIM Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. eSIM Market - Key Market Dynamics
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunity
5.4 Future Trend
5.5 Impact Analysis

6. eSIM Market - Global Market Analysis
6.1 eSIM Market Overview
6.2 eSIM Market -Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Key Players
………Continued

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

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