Embedded SIM Market – Growth, Size, Share, Forecast, industry Analysis 2019 – 2027

December 24, 2019 (prsubmission) –According to a new market research report published by Credence Research “ Embedded SIM Market (Form Factor – Removable and Embedded; Application – Connected Cars, Laptops, Smartphones & Tablets, Wearables and M2M; Industry Vertical – Consumer Electronics, Automotive, Oil & Gas, Energy & Utilities, Manufacturing, Retail and Transportation & Logistics)  – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the overall embedded SIM (eSIM) market worldwide is set to grow with a CAGR of 25.6% through the forecast period to cross US$ 1,000 Mn by 2026.

Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/embedded-sim-market

Market Insights:

The Embedded SIM (eSIM) market is rapidly gaining traction, generating numerous opportunities for mobile network operators and manufacturers of connected devices. With the extension of the SIM card application area to laptops, tablets and connected devices for the IoT environment, eSIM cards are expected to see rapid growth over the forecast period. The market is highly driven by its competitive advantages over traditional SIM cards.

Embedded SIM cards are robust, available in smaller sizes, stable and interoperable. Embedded SIM cards allow users to switch between networks without physically swapping the default chip. In turn, eSIM improves infrastructure for mobile network operators (MNOs) by avoiding the processing of millions of SIM cards (as in the case of traditional cards).

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The rise of the IoT industry worldwide is another important factor driving market growth. As of 2018, the total number of connected devices exceeds 17 billion, with IoT devices (excluding smartphones, laptops and other mobile devices) exceeding 7 billion worldwide. By 2022, more than 70% of the total IoT devices are projected to be connected using cellular technology, generating tremendous opportunities for the eSIM industry.

ESIM cards are believed to be more useful for IoT ecosystems across vertical sectors such as power generation, oil & gas, manufacturing, and others. Changing SIM cards in these sectors can prove costly and difficult, as most IoT devices are located in remote locations that are difficult to access. As a result, the rising industrial IoT is expected to emerge as the most promising factor to boost the eSIM market in the years to come.

Geographically speaking, Europe is leading the global eSIM market, accounting for almost 40% of the global market share. The industry here is largely driven by the existence of a robust IoT sector. In addition, there are several market players, including Gemalto N.V., Giesecke & Devrient GmbH, STMicroelectronics N.V. And NXP N.V. Semiconductors. It’s among others. Asia Pacific is expected to have the fastest growth in the forecast period. Countries such as China, Japan and South Korea are among the leading countries of Asia-Pacific connected devices. In addition, India’s fast-growing IoT industry would further boost regional market growth during the forecast period.

You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/59561

Some of the major companies profiled in the report include STMicroelectronics N.V., Gemalto NV, Deutsche Telekom AG, NXP Semiconductors N.V., Infineon Technologies AG, Giesecke & Devrient GmbH, Vodafone Plc., Idemia France SAS, Sierra Wireless, Inc. and NTT DOCOMO among others.