The global Embedded SIM (eSIM) Market is forecasted to be worth USD 3019.1 Million by 2027, according to a current analysis by Emergen Research. The embedded sim (eSIM) market is forecasted to grow exponentially over the forecast timeframe owing to the growing adoption of IoT connected devices in manufacturing. The report considers COVID-19 pandemic as a key influencing factor of the market growth. The report estimates the market size, market growth, and provides an accurate forecast for the key segments and sub-segments of the market for the forecast period of 2021-2028.
The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the Embedded SIM products is expected to drive the demand for Embedded SIM , thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market. It also covers a current and future market outlook with a comprehensive assessment of the impact of the pandemic on the overall market and its key segments.
The growing adoption of IoT connected devices and rising government initiatives to promote electric vehicles is driving the demand for the market.Embedded SIM (eSIM) Market Size – USD 410.1 Million in 2019, Market Growth – CAGR of 29.9%, Market Trends – The rise in the use of eSIM in Machine to Machine connectivity.
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Key participants include KORE Wireless Group Inc., Giesecke+Devrient Mobile Security GmbH, Arm Limited, Gemalto NV, STMicroelectronics, Infineon Technologies AG, NXP Semiconductors N.V., Deutsche Telekom AG, Sierra Wireless Inc., and Vodafone Group Plc among others.
Solution Outlook (Revenue, USD Million; 2017-2027)
The rising implementation of smart solutions across the globe is expected to further propel the market growth. Furthermore, the growing government initiatives to implement electric vehicle is expected to augment the market growth as eSIM has several advanced functionalities in electric vehicles. launched an innovative eSIM solution, SN100U.
The most advanced “all-in-one” chipset in the world, incorporating NFC, Secure Element, and eSIM, and the 40 nm Secure element of SU070, provides digital wallet protection and eSIM solutions. With the introduction of this solution, NXP will strengthen its position globally. Over the forecast timeframe, the connectivity service segment is anticipated to dominate the market with a CAGR of 30.2%, as connectivity services include services to mobile network operators to ensure stable and efficient end-user network connection.
Application Outlook (Revenue, USD Million; 2017-2027)
Machine to Machine
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keyword Market Segmentation by Region:
Middle East & Africa
The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
Due to the rapid implementation of smart grids and other advanced technologies, North America is anticipated to hold the largest market over the forecast period. Due to the presence of a major market player in Europe is projected to experience substantial growth over the forecast period. The growing adoption of IoT connected devices and rising government initiatives to promote electric vehicles is driving the demand for the market.In February 2018, NXP Semiconductors N.V.
Highlights of the TOC:
Key Questions Answered in the Report:
What is the growth rate of the Embedded SIM market? What is the anticipated market valuation of Embedded SIM industry by 2027?
What are the key growth driving and restraining factors of the Embedded SIM market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Embedded SIM industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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