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The report “eSIM Market Forecasts to 2027 – Impact of COVID-19 and Global Analysis through Application;” vertical “has been added to the ResearchAndMarkets.com offering.
The eSIM market valued at $392.7 million in 2019 and is expected to succeed at $2282.3 million through 2027; It is expected to grow at an annual compound rate of 27.4% from 2020 to 2027.
The population of millennia and middle ages around the world wants complex technologies such as smartphones and smart portable devices. As a result, many corporations are constantly committed to the progression of physically powerful technologies to facilitate their lifestyle. The United States, China, Japan, Germany, India and the United Kingdom are among the major technologically evolved countries and are home to a significant number of electronics brands and automobile manufacturers. Smartphone brands bring a significant percentage of profits to the built-in SIM card (eSIM) market.
According to the application, the eSIM market is classified as connected cars, M2M computers and tablets, smartphones, portable devices and others. In 2019, the M2M segment dominated the eSIM market; However, the smartphone segment is expected to grow at the fastest pace. Demand for eSIM is steadily expanding among smartphone manufacturers, automakers, computer manufacturers, power players and apps. OEMs around the world are firmly geared towards creating and integrating eSIM in a variety of applications. The next call for miniaturization and generation of IoT in sectors is also driving the global eSIM call.
Geographically, the eSIM market has been segmented in North America, Europe, Asia-Pacific, South America, the Middle East and Africa. North America had the largest percentage of the global eSIM market, followed by Asia Pacific and Europe in 2019. Increased penetration of smartphones, connected cars and self-driving cars in North America is paving the way for the adoption of eSIM. The presence of a large number of telecommunications companies, along with a higher volume of smart electronic customers and automakers, is driving the expansion of the eSIM market in North America. The penetration of intelligent technologies within the mass of North America is particularly high and, in this sense, awareness of the benefits of eSIM is superior among U.S. populations. And Canada.
Impact of the COVID-19 pandemic on the eSIM market
The COVID-19 outbreak, which began in Wuhan, China, in December 2019, has spread around the world. It has severely affected China, Italy, Iran, Spain, the Republic of Korea, France, Germany and the United States in terms of positive cases and deaths reported in March 2020. The COVID-19 epidemic has affected the economies and industries of various countries. because this has resulted in lockouts, travel bans and company closures. The overall market site failure due to COVID-19 is also affecting the expansion of the eSIM market site due to plant closures, the disrupted source chain and a slowing global economy.
Reasons to buy
It highlights key business priorities for corporations to realign their business strategies.
Key findings and recommendations highlight critical progressive trends in the eSIM market, allowing players to expand effective long-term strategies.
Develop/modify business expansion plans that will offer a truly extensive expansion in evolved and emerging markets.
Take a deep look at the trends and deviations of the global market, as well as the points that drive the market, as well as those that obstruct it.
Improve the decision-making procedure by understanding business-interest generation methods and the type of solution.
Market dynamics
Drivers
Transparent M2M application
Advances in the telecommunications sector and adoption of complex telecommunications solutions
Restrictions
Susceptibility to cyberattacks
Inadequate network infrastructure and lack in the next countries
Opportunity
Incredible expansion in demand for technologies
Future trend
The evolution of the 5G generation would encourage the demand for eSIM
Companies mentioned
DEUTSCHE TELEKOM AG
Gemalto N.V.
Giesecke Devrient GmbH
IDEMIA
INFINEON TECHNOLOGIES AG
SEMICONDUCTORS NXP N.V.
Sierra Wireless, Inc.
STMicroelectronics N.V.
TELEFONICA S.A.
VODAFONE GROUP PLC
For more information on this report, https://www.researchandmarkets.com/r/j464k
See the businesswire.com edition: https://www.businesswire.com/news/home/20200817005468/fr/
Contacts
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