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By 2024, e-SIM Market Growth Will be Driven by Rising Demand for Smart Devices Across the Globe

Author : Ronak Bora | Published Date : 2019-05-24 

Global Market Insights added a report on global e-SIM market that provide in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.

Growing demand for smart devices will drive the e-SIM market demand. Several intelligent devices such as smartwatches and health bands are being integrated with these programmable infrastructures, helping them to connect with the cellular infrastructure. The chips occupy less space, allowing the device to be slimmer and lighter. This allows the manufacturers to use the space for providing other technological features and functions in their electronic products. For instance, HUAWEI Watch 2 Pro is an Android wear smartwatch with e-SIM features, offering several advantages such as sleek design, built-in GPS, Wi-Fi, and NFC connectivity.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2906

Ease of switching between the mobile networks by the application of these electronic chips will drive the demand for this solution. These chips allow the users to change their network providers without incurring any roaming charges. Difficulties that are faced while changing the network provider in conventional cards include roaming charges, portability, user verification, and network provider clearance. Several technical advantages of these digital chips, such as compact design, additional storage, ease in connectivity, and enhanced security, are propelling the e-SIM market demand.

Consumer electronics accounted for a substantial industry share in the e-SIM market. Technological advancements in several consumer electronics products, such as smartphones and smart TV, are driving the demand for sophisticated connectivity and enhanced networking solutions. A rise in the adoption of IoT & cloud computing will drive the integration of these digital chips to utilize them in providing customers exceptional benefits. For instance, in August 2017, Samsung in collaboration with Gemalto launched Samsung’s Gear S2 Classic 3G in Amsterdam, which is the first smartwatch with e-SIM features.

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Asia Pacific is expected to be the fastest growing region in the e-SIM market. The increasing availability of the manufacturers and the growing demand for advanced technologies and solutions among customers are driving the Asia Pacific e-SIM market. The rapid expansion of the consumer electronics sector in countries including India, China, and Japan is predicted to generate a high demand for such technologies. Moreover, the manufacturers in this sector are developing smart technologies that are integrated with intelligent solutions, driving the demand for digital features in the devices.

Key players operating in e-SIM market include Apple, AT&T, Gemalto NV, Sierra Wireless, Singtel, NTT Docomo, Telefónica, Deutsche Telekom, Giesecke & Devrient, NXP Semiconductors, Infineon Technologies, STMicroelectronics, Samsung Electronics, and Singapore Telecommunications Ltd, among others.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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