The report of Global ESIM Market by Application (Smartphones, Tablets, and Others), by vertical (Automotive, Consumer Electronics, and Others),and by Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ X6.X5 Mn by 2027, at a CAGR of X5.3X% during a forecast period.
The expression of “eSIM” is nothing but the embedded SIM card. These SIMs should be supported by the network and enabled by them, so for the latest iPhone XS, XR, or the XS Max it is essential to have to pick the system that is compatible for eSIM for the support of second SIM. These SIMs are usually the small chip inside the telephone and that works respectively to the NFC chip inside the telephone. Thus, the eSIM Market is expected to increase and has extreme scope throughout the forecast period. The global eSIM Market expected to flourish in the future by growing at a considerably higher CAGR.
North America is expected to witness the fastest growth during the forecast period.
North America is dominated region in terms of XX% market share in the eSIM market in 2019. The market growth is recognized to the existence of several eSIM network provision suppliers that offer network support to eSIM devices. The prominent players in the region comprise Verizon Wireless, AT&T, Deutsche Telekom AG and Virgin Mobile, which operate across the region. Europe was the second-largest market in the eSIM market in 2019. Germany is anticipated to gain the highest XX% market share followed by the UK. Some of the factors accountable for the market growth comprise the existence of an enormous number of platform vendors who deliver the underlying hardware for eSIM integration.
The key players in the region comprise NXP Semiconductors. (Netherlands), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), and Gemalto NV. (Netherlands) which operate across the region. The APAC region is anticipated to grow at XX% CAGR during forecast period, due to the raising manufacturing of laptops, consumer electronics, smartphones, and others in emerging countries like China, India, and others in this region, resulting in the acceptance of eSIMs. The eSIM market in the MEA region is anticipated to grow at comparatively moderate CAGR, due to the slow acceptance rate of these eSIMs.
Key players operating in the Global ESIM Market are Gemalto NV, Infineon Technologies, STMicroelectronics, Giesecke & Devrient, Deutsche Telekom, NXP Semiconductors, NTT Docomo, Telefónica, Singtel, Apple and among others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global ESIM Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global ESIM Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global ESIM Market positioning of competitors.
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https://www.maximizemarketresearch.com/market-report/global-esim-market/3132/
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