Global E-SIM Card Market: Overview
The global E-SIM card market is increasing progressively owing to the different benefits of E-SIM card in excess of conformist SIM cards. E-SIM card permits altering mobile network service providers at a hardly any clicks, a function distinctive to them. For example, the capability of switching network service providers over the machine to machine air in systems such as connected cars and smart meters has considerable benefits in terms of lowering operational and logistics costs.
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Global E-SIM Card Market: Growth Factors
There are various key reasons bringing about development in the global E-SIM card market. In the main, E-SIM card offers the capability of changing network service provider OTA (Over the Air) in synchronized time. Consumers of embedded SIM can alter MNO (mobile network operator) comfortably with hardly any clicks on the gadget in real time hence avoiding consumers to acquire global roaming charges. This is resulting in the increasing growth of the global E-SIM card market.
Among other benefits, consistency of technical specs for Embedded SIM tech provides improved safety in comparison to customary SIM card thereby boosting global E-SIM card market. Embedded SIM tech is consistent with Groupe Speciale Mobile Association. This body involves over 800 mobile service providers all over the world. In addition, the compressed design of E-SIM permits OEMs (original equipment manufacturers) to employ the saved room to either offer additional storage or elevate the battery size in gadgets such as tablets and smartphones powering the global E-SIM card market.
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Global E-SIM Card Market: Segmentation
Based on the application, the global E-SIM card market is divided into utility, connected cars, companion & wearable devices, connected cars, tablets & laptops, smartphones, and others. On the basis of region, the global E-SIM card market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Global E-SIM Card Market: Regional Analysis
The main areas into which the global E-SIM card market is divided based on geography are North America, Europe, Asia Pacific, and Rest of the World. Europe was placed as the top income generation area and is anticipated to show considerable growth in the near future. The preeminence of the region is owing to the flattering government programs for the completion of “Industry 4.0” solutions and technology. France, the U.K., and Germany are the top income contributors to the global E-SIM card market in Europe.
North America held the next top income share in the global E-SIM card market with the U.S. adding the top income. The area is anticipated to show significant increment in the near future. The elevated acceptance of tech as well as home to main industry companies is boosting the growth of global E-SIM card market in this area.
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Global E-SIM Card Market: Competitive Players
Some major companies working in the global E-SIM card market are Samsung, Apple Inc., Giesecke & Devrient GmbH, Gemalto N.V., OT-Morpho, NTT DOCOMO Inc., Deutsche Telekom AG, Telefonica S.A., ST Microelectronics, and Sierra Wireless Inc.
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