eSIM Market is expected to reach USD 2,282.27 Mn by 2027

According to the latest research report published by The Insight Partners, titled "eSIM Market to 2027-COVID-19 Impact and Forecast and Global Analysis", the global eSIM market is expected to reach US$ 2282.3 millionby 2027, registering a CAGR of 27.4% during the forecast period 2020-2027.

APAC eSIM market is anticipated to account highest CAGRduring the forecast period

APAC is one of the prominent regions known for manufacturing consumer electronics. China, South Korea, Japan, and Taiwan are the major countries contributing to the growth of the consumer electronics industry, owing to the major factors such as high disposable income among individuals and their willingness to purchase advanced electronic gadgets. These factor have played a vital role in triggering the adoption of smartphones, wearable, laptops, tablets, and more, and so the consumer electronics market. The mentioned aspect is anticipated to play a vital role in boosting the deployment of eSIM during the forecast period. In context to launch of eSIM, Ericsson has launched fully-automated eSIM in the country in January 2020.

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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.

eSIM Market Segmentation:

Top Company Profiles:
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.

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

Impact of COVID-19 Pandemic on eSIM Market:

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.

Overall size of the global eSIM market has been derived in accordance to primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the eSIMs.

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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, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.