May 14, 2020 1:14 PM ET
iCrowd Newswire – May 14, 2020
According to our latest market study on “eSIM Market to 2027 – COVID-19 Impact and Global Analysis and Forecast by Application (Connected Cars, Laptops and Tablets, M2M, Smartphones, Wearables, Others); Vertical (Automotive, Energy and Utilities, Manufacturing, Retail, Consumer Electronics, Transportation and Logistics, Others); and Geography” the market was valued at US$ 392.74 million in 2019 and is projected to reach US$ 2,282.27 million by 2027; it is expected to grow at a CAGR of 27.36% from 2019 to 2027.
Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Technology, Media and Telecommunications, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall ESIM market globally. This report on ‘ESIM market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcases market trends and forecast to 2027, factoring the impact of Covid -19 Situation.
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With continuous technological advancements in the field of SIM, several telecom companies and SIM developers have developed and commercialized embedded SIM, also known as embedded Universal Integrated Circuit Card (eUICC). Unlocking the potential for M2M communication, eSIM has significantly marked a new shift to the market. Various mobile networks are delivering connectivity to a broad range of devices with the help of eSIM. The machine-machine (M2M) communication is steadily growing in variety of applications across the globe. The M2M technologies are transforming the organization’s operational pattern and are creating new revenue generation streams. Automotive, manufacturing, and consumer electronics industries are among the leading industries to integrate their manufacturing facilities with M2M communication technologies in order to facilitate communication. The acceptance of the connected ecosystem has revolutionized the industries such as manufacturing, utilities, automotive, and others. The advent of 5G and M2M communication are significantly driving the global eSIM market.M2M, along with the offerings of eSIM to drive socio-economic benefits to industries and government. It has led to unlocking new areas of revenue growth. The key factors for the demand for M2M communication are increasing operational efficiencies and high focus on customer experiences. Moreover, the evolving partnership in the digital ecosystem is creating significant opportunities for network providers and M2M service providers.
What Our Report Offers:
- Market share valuations of the segments on country and global level
- Share analysis of the major market players
- Opportunities for new market entrants
- Market forecast for a minimum of 6 years for all the segments, sub-segments in various countries and regions
- Market Trends (drivers, restraints, opportunities, threats, challenges, investment opportunities, and approvals)
- Strategic endorsements in key business segments on the basis of market valuations
- Competitive scenario mapping the key development patterns.
- Company profiling with comprehensive strategies, financial details, and recent progressions.
- Supply chain trends representing the latest technological advancements.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global ESIM market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ESIM market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
Top Companies in ESIM Market with their SWOT Analysis are-
Deutsche Telekom AG, Gemalto NV, Giesecke + Devrient Mobile Security GmbH, IDEMIA, Infineon Technologies AG, NXP Semiconductors N.V., Sierra Wireless, STMicroelectronics, Telefónica S.A, and Vodafone PLC
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Keywords: eSIM, eSIM Market, eSIM Market 2020, eSIM Market 2027, eSIM Market 2027 forecasts