eSIM Market Growth, Industry Segments and Future Prospects Key Findings, Regional Study, COVID – 19 Impact by Forecast - 2027
eSIM Market Growth, Industry Segments
Market Research Future (MRFR) discuss factors that can impact the eSIM Market Growth 2020 share across different region. The e-SIM Market Share is studied using modern research techniques. The post coronavirus scenario of the market and the current influence of COVID on the e-SIM market are elaborated in the report. As per MRFR study, the global E-SIM market value can touch USD 913.9 Mn by 2024. The eSIM global market can rise at 28.0% CAGR across the forecast period (2018–2024).
The COVID-19 pandemic disruption is estimated to transform thee-SIM Market Size market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on thee-SIM Market Size market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.
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The segment study of the e-SIM market is done based on end user. The end-user-based segments of the e-SIM market are manufacturing, retail, automotive, consumer electronics, energy & utilities, and transportation & logistics. The consumer electronics segment is likely to generate revenue above USD 76.7 Mn on the conclusion of the evaluation period. The manufacturing segment accounted for a substantial share of the market in the study years. The segment can rise at significant CAGR in the forecast period owing to the rise in the implementation of IoT industrial solutions.
In North America, the eSIM market can hold the largest share and is likely to retain its hegemony throughout the assessment period. The chief factor that can drive the expansion of North America e-SIM market across the assessment period is the rise in the adoption of IoT-based smart factories. The high support obtained from network operators to rise e-SIM standards is another factor that can rise the growth of the eSIM market in the study period.
In Asia Pacific, the eSIM market can rise at the highest pace with a 29.4% CAGR in the forecast period. The existence of major eSIM players across India, China, South Korea, Japan, and Hong Kong can support the rise of the expansion of the market in the years to come. Potential network providers in India, such as NTT Docomo, Inc. Airtel, and Reliance Jio among others are introducing effective innovations that can prompt the expansion of the regional market. The expansion of their services offered by other reputed network providers in the Asia Pacific region can prompt the rise of the regional market.
In Europe, the rise of the eSIM market in the UK, followed by Spain, Germany, and the rest of Europe, is likely at a high growth pace. Major factors that can cause the rise of the market are the existence of a numerous platform vendors capable of providing the underlying hardware requirements for eSIM integration.
MRFR identified some prominent players in the eSIM market. They are STMicroelectronics (Switzerland), Gemalto NV (Netherlands), NXP Semiconductors (Netherlands), Infineon Technologies AG (Germany), Giesecke+Devrient GmbH (Germany), NTT Docomo, Inc. (Japan), Telefonica S.A. (Spain), Deutsche Telekom AG (Germany), Sierra Wireless., (Canada), and Singtel (Singapore).
The global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher E-SIM Market Size for the forecast period.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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