E-sim Devices Market 2019-2027: Credence Research – Industry Size, Trends & Forecast
The overall e-SIM devices market worldwide is set to grow with a CAGR of 32% during the forecast period.
SANJOSE, United States – September 30, 2019 /MarketersMedia/ —
The global market for e-SIM devices globally is expected to expand at a CAGR of 32% over the forecast era.
The general market for e-SIM devices is driven by superior benefits over standard sim cards. The booming IoT industry has pushed the e-SIM industry, promoting the demand for phones that are compatible with e-SIM. The total number of devices connected via IoT in 2018 was over 7 Bn. E-sims are available in a compact, secure and rough sizes. Increasing demand for smart devices and mobile phones is driving the e-SIM market demand. In addition, the e-SIM devices market has been supported by a growing trend in smart homes, connected devices and consumer inclination towards connected equipment. Because of these variables, during the forecast period, we expect high growth in the market for e-SIM devices.
Consumer electronics segment will dominate the market during the forecast period based on the vertical type. Technological advances in smartphones and TVs drive demand for improved connectivity and network. The additional increase in demand for IoT and cloud computing will drive the incorporation of these digital chips to be used to deliver exceptional benefits to customers. Notably, e-SIM allows reprogrammable devices and multiple profiles to support them. The embedded characteristics provided by IoT and other smart-tech alternatives will increase the e-SIM device market demand for intelligent infrastructure. Because of these variables, consumer electronics during the forecast period will drive the development of the market for e-SIM devices.
Browse the full report at https://www.credenceresearch.com/report/e-sim-devices-market
In the future, IoT devices for automotive and enterprise will remain high on the eSIM adoption curve. The eSIM activation rate will also be much higher in cellular enterprise IoT devices than consumer IoT devices. Key drivers are fragmented deployments, space savings for the module, robust tamper-proof safety, flexibility in selecting the best accessible and competitive cellular network seamlessly, as well as significant savings on physical supply and maintenance costs. “The implementation of eSIMs on smartphones should also drive significant volume growth with the implementation of eSIM by top players such as Apple, Google. However, other connected devices like mobile hotspots, routers, connected PCs, drones and smartwatches will grow at a higher CAGR due to a relatively smaller adoption base right now. But smartphones and B2B IoT devices will lead in terms of shipment volumes.
Over the past four years, the initial eSIM solutions in smartphones have been proprietary soft eUICC (eSIM) driven mainly by Chinese OEMs in China before GSMA compliant hardware eSIM was adopted by Apple and Google. However, we will see a shift in adoption for the next five to six years to the GSMA-compliant hardware-based eUICC alongside integrated system-on-a-chip (SoCs) SIM or iUICC across different device categories, replacing the less secure proprietary soft eSIM solutions. While eUICC based on hardware will be popular across automotive and smartphones, we believe that iSIM or iUICC will be popular across IoT applications.
Browse the full report at https://www.credenceresearch.com/report/e-sim-devices-market
Company Profile:
Giesecke & Devrient GmbH,
Infineon Technologies AG,
NTT DOCOMO, INC.,
NXP Semiconductors,
N.V., Sierra Wireless, Inc.,
Singapore Telecommunications Limited,
STMicroelectronics,
AT&T
Telefónica, S.A.,
Samsung Electronics,
Singtel,
Deutsche Telekom AG,
Gemalto NV,
Apple, Inc.
Report Scope by Segments:
Vertical Type (2017–2027; US$ Bn)
• Automotive
• Consumer Electronics
• Energy & Utilities
• Manufacturing
• Retail
• Transportation & Logistics
Application Type (2017–2027; US$ Bn)
• Connected Cars
• Laptops
• M2M
• Smartphones
• Tablets
• Wearables
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