ESIM Market
eSIM Market is expected to grow from USD 137.09 Million in 2016 to USD 1146.11 Million by 2024, at a CAGR of 30.4% between 2017 and 2024. (Detailed analysis of the market CAGR is provided in the report)eSIM market is segmented on the basis of Application, Vertical, and Geography. Lower costs of connected products, a growing emphasis on remote SIM provisioning for M2M, favorable government regulations boosting M2M communication, an increase in the number of connected devices, and an improved customer experience with greater flexibility are the major factors driving the growth of the eSIM market.eSIM MarketHowever, security risks while exposing credentials of mobile network operators to the virtual environment are the key restraining factor for the growth of the eSIM market.
Further key findings from the report:• the eSIM market for consumer electronics vertical is anticipated to dominate the market between 2017 and 2024. Growing social engagement activities across the world, growing adoption of high-speed data transfer technologies such as 4G and 5G, and developmental technological advancements are the major factors contributing to the growth of this market in this segment• From the application segment, the eSIM market for smartphone application is expected to witness highest growth rates during the forecast period. Growing persistent connectivity on smartphones, rising demand for high bandwidth applications, and growing competition in the market are the key factors driving the eSIM market growth for smartphone applications• Among geographical regions, North America is anticipated to dominate the eSIM market by 2024. Growing adoption of technological advancements across a myriad of verticals, such as energy and utilities, consumer electronics, manufacturing, and transportation & logistics in North America is expected to drive the market in this region. Additionally, development and evolution of M2M technology in North America is further expected to drive the eSIM market in this segment
Key Highlights:• Analysis of competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the eSIM Market• The objective of the report is to provide a detailed analysis of the eSIM Market on the basis of application, vertical, and geography• Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain• Analysis of the eSIM Market with respect to individual growth trends, prospects, and contribution to the total market• Segment wise business performance detailed in the report will be worthwhile for the organizations willing to enhance its business• Provides detailed information regarding the major factors influencing the growth of the eSIM Market (drivers, restraints, opportunities, and challenges)• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business
Years that have been considered for the study are as follows:• Base Year – 2016• Estimated Year – 2017• Forecast Period – 2017 to 2024For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered
Research MethodologyBloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about eSIM Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the eSIM Market globally.https://www.maximizemarketresearch.com/market-report/global-esim-market/3132/This Report Is Submitted By @Maximize Market Research CompanyCustomization of the report:Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
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