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Sep 10, 2020 (AmericaNewsHour) — Global e-SIM Market Research Report: by End User (Automotive, Energy & Utilities, Manufacturing, Retail, Consumer Electronics, Transportation & Logistics), by Region – Forecast till 2024
Market Analysis
The standard that aims to overcome the limitations of traditional SIM cards is an Emerging Subscriber Identification Module (SIM) or e-SIM . It is dependent on obtain over-the-air remote SIM provisioning which allocates the subscriber to wirelessly connect with a network supplier without the need of a traditional SIM card. The market is being pushed towards growth by the developing IoT and related technologies. IoT devices need to communicate wirelessly and the specifications of traditional SIM cards limit seamless operation due to shortage of remote provisioning capabilities. e-SIM is also the only globally established standard for M2M (machine-to-machine) communication.
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consumer electronics is the largest segment using e-SIM technology due to its rising combination in mobile phones, tablets, laptops, and smart wearables. Devices that can be linked via e-SIMs include cars, trucks, industrial machines, robots, and smart wearables. All parties in the M2M ecosystem will struggle if they continue exclusively reliant upon the traditional SIM card, which is linked with only one network operator at a time and requiring a quick way for remote provisioning with various operators.
Market Segmentation
The Global e-SIM Market has been segmented on the basis of end user and region. By end user the market has been segmented into Automotive, Energy & Utilities, Manufacturing, Retail, Consumer Electronics, and Transportation & Logistics. The consumer electronics segment responsible for the major market share in the year 2018, and the manufacturing segment is expected to register the highest CAGR of 29.0% during the forecast period. On the basis of region, the global e-SIM market has been segmented into different regions like Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
Regional Analysis
Geographically, the global e-SIM market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. North America dominated the region in terms of market share in the e-SIM market. The market growth is ascribed to the existence of many e-SIM network service providers that recommend network assistance to e-SIM devices. The primary players in the region include Deutsche Telekom AG, AT&T, Verizon Wireless and Virgin Mobile, that operate across the region. The second-largest market in the e-SIM market in the year 2018 was Europe. Europe includes different regions like UK, Germany, Spain, and the rest of Europe.
As per the MRFR analysis the highest market share followed by the UK, Spain, and the rest of Europe is expected be gained by Germany. Some of the factors accountable for the market growth include the presence of many platform vendors who provide the underlying hardware for e-SIM integration.The prominent players in the region include STMicroelectronics (Switzerland), NXP Semiconductors. (Netherlands), Infineon Technologies AG (Germany), and Gemalto NV. (Netherlands) which operate around the region.
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Major Players
Infineon Technologies AG (Germany), (Netherlands), Giesecke+Devrient GmbH (Germany), NTT Docomo, Inc. (Japan), Sierra Wireless., (Canada), Telefonica S.A. (Spain), STMicroelectronics (Switzerland), Deutsche Telekom AG (Germany), Gemalto NV.(Netherlands), NXP Semiconductors and Singtel (Singapore) are some of the major players of the global e-SIM market.
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.
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The post e-SIM Market 2020- Aiming on Regional Market Conditions, Competitors, Product Price, Profit, Capacity, Market Size & Growth Forecast to 2024 appeared first on America News Hour.
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