February 27, 2020

E-sim Devices Market drivers detailed in new research report

The global e-SIM device market is expected to grow with a CAGR of 32% over the forecast period.

The overall market for e-SIM devices is strongly driven by superior advantages over conventional sim cards. The booming IoT sector has driven the e-SIM market to support demand for compatible e-SIM devices. The total number of devices connected to IoT in 2018 was more than 7 Bn. E-sims are available in compact, secure and rugged sizes. The increasing demand for smart devices and mobile phones is driving demand for the e-SIM market. In addition, a growing trend in smart homes, connected devices and consumer preference for connected equipment has supported the market for e-SIM devices. As a result of these factors, we expect to see high growth in the market for e-SIM devices during the forecast period.

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Based on the vertical type, the consumer electronics segment will dominate the market during the forecast period. Technological advances in smartphones and TVs are driving the demand for enhanced connectivity and networking. Further increase in demand for IoT and cloud computing will drive the incorporation of these digital chips to make use of them in providing customers with exceptional benefits. In particular, e-SIM enables devices to be reprogrammable and supports multiple profiles. The integrated features offered by IoT and other smart technology options will boost the demand for smart infrastructure in the market for e-SIM devices. As a result of these factors, consumer electronics will increase the market for e-SIM devices during the forecast period.

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Based on the geography, Europe leads the market for e-SIM devices and has contributed more than 1/3 of the total revenue of the e-SIM devices market. The increased focus on linking and digitizing future products and services has boosted the growth of the e-SIM devices market in Europe. Asia-Pacific is expected to lead the market growth of e-SIM devices during the forecast period. The growing adoption of technological advances across a myriad of vertical lines, such as energy and utilities, consumer electronics, manufacturing, and transport and logistics in Asia-Pacific, will further drive the market. Further, changing lifestyle and adoption of smart technologies is the new trend in the region. As a result of these factors, Asia Pacific is expected to grow with the highest CAGR during the forecast period.

Some of the major companies included in the report include Deutsche Telekom AG, Gemalto NV, Giesecke & Devrient GmbH, Infineon Technologies AG, NTT DOCOMO, INC., NXP Semiconductors, N.V., Sierra Wireless, Inc., Singapore Telecommunications Limited, STMicroelectronics, Telefónica, S.A., Samsung Electronics, Singtel, Apple, Inc. and AT&T and others.

Key questions answered in this report

  • What was the market size of e-SIM devices in 2018 and forecast up to 2027?
  • Which is the largest regional market for e-SIM?
  • What are the major trends followed in overall e-SIM devices across different regions?
  • Who are the key e-SIM devices companies leading the market?
  • What are the key strategies adopted by the leading e-SIM devices companies in market?

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