eSIM Market to Experience Significant Downturn amid COVID-19, Projects Fact.MR

With the constant evolution of smart connected devices in every industry vertical, the need for centralized manageable network-connected devices is rising rapidly. For managing devices, the need for remote connectivity is increasing. For sustaining this requirement, the number of manufacturers of smart devices is increasing rapidly.

eSIMs are becoming increasingly popular, as they allow users to manage all connected devices, including cars, mobile phones, wearables, medical devices, and others from a remote location. eSIMs are becoming increasing popular among smart device manufacturers, as these SIMs have ‘Machine to Machine’ capabilities and also remote provisioning.

For detailed insights on enhancing your product footprint, request for a sample here : https://www.factmr.com/connectus/sample?flag=B&rep_id=1890

Global eSIM Market: Drivers and Restraints

The fact that an eSIM allows a user to store multiple operator profiles on a device simultaneously and also switch between these profiles remotely is fuelling the demand for the eSIM market. In addition to this, the rapid adoption of IoT across different industry verticals for the manufacturing of smart and connected devices is rising rapidly resulting in the increasing demand for these eSIMs.

The increasing popularity and application of machine to machine learning is leading to the rising deployment eSIMs. Also, the global eSIM market is expected to be fuelled by the increasing adoption of these SIMs from leading smartphone manufacturers such as Google and Apple. Smartphone manufacturers are expected to demand eSIMs to enhance their product offerings.

On the other hand, consumers can only choose one profile out of all profiles at a time. This is a major drawback of eSIMs, which is restraining the growth of the market. Also, being a latest technological evolution, the compatibility, connectivity, and other issues with the smart devices of different manufacturers is also one of the major challenges for the growth of the eSIM market.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/1890

Global eSIM Market: Industry Key Players

Examples of some of the key players in the global eSIM market include Gemalto, Stmicroelectronics, Sierra Wireless, NXP Semiconductors, Singtel, Giesecke & Devrient, Deutsche Telekom, Telefónica, NTT Docomo, Inc., and others. eSIM manufacturers are continuously focusing on innovations in their products. This strategy is followed by key vendors for sustaining themselves in the increasing global competition. In addition to this, eSIM manufacturers are focusing on delivering eSIMs to different industries as per their product requirements, so that they are able to retain customers.

Global eSIM Market: Region Wise Outlook

Considering the revenue generation from the sales of eSIMs, North America holds a significant market share due to its rapid adoption of eSIMs by smartphone manufacturers and smart device manufacturers across different industry verticals. Industries including automotive, energy and utilities, and others in European countries are adopting eSIMs to sustain the rapidly changing industry requirements for delivering connected devices to consumers.

Industries are using these eSIMs in devices for establishing efficient connectivity management. The APEJ region is expected to grow at a high CAGR over the forecast period, due to the increasing manufacturing of smartphones, consumer electronics, laptops, and others in developing countries such as India, China, and others in this region, resulting in the adoption of eSIMs. The eSIM market in the MEA region is expected to grow at comparatively moderate CAGR, due to the slow adoption rate of these eSIMs.

For comprehensive insights on this market adoption, ask an analyst here : https://www.factmr.com/connectus/sample?flag=B&rep_id=1890

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

Published
Categorized as News

Leave a comment

Your email address will not be published. Required fields are marked *