(MENAFN- America News Hour)In a recent published report, Kenneth Research has updated the market report for e-SIM Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for e-SIM Market products.
Download Sample of This Strategic Report:-
Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Market Synopsis
The e-SIM Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe's organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
Download Sample of This Strategic Report:-
Market Snapshot
An Emerging Subscriber Identification Module (SIM) or e-SIM is a standard that aims to overcome the limitations of traditional SIM cards. It is reliant on secure over-the-air remote SIM provisioning which allows the subscriber to wirelessly join a network provider without the need of a traditional SIM card.The market is being driven towards growth by the expanding IoT and related technologies. IoT devices need to communicate wirelessly and the specifications of traditional SIM cards limit seamless operation due to lack of remote provisioning capabilities. e-SIM is also the only globally recognized standard for M2M (machine-to-machine) communication. The largest segment using e-SIM technology is consumer electronics due to its increasing integration in mobile phones, tablets, laptops, and smart wearables.
Devices that can be connected via e-SIMs include cars, trucks, industrial machines, robots, and smart wearables. All parties in the M2M ecosystem will struggle if they remain solely dependent upon the traditional SIM card, which is associated with only one network operator at a time and lacking a quick way for remote provisioning with different operators. The Global E-SIM Market is expected to expand at 28.0% CAGR during the forecast period to reach 913.9 million in 2024.
Download Sample of This Strategic Report:-
Companies Covered
The key players of the global e-SIM market are Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors. (Netherlands), Gemalto NV.(Netherlands), Deutsche Telekom AG (Germany), Giesecke+Devrient GmbH (Germany), NTT Docomo, Inc. (Japan), Sierra Wireless., (Canada), Telefonica S.A. (Spain), and Singtel (Singapore).
Synopsis
The e-SIM market has been segmented on the basis of end user and region.Based on end user, the e-SIM market has been segmented into automotive, energy & utilities, manufacturing, retail, consumer electronics, and transportation & logistics. The consumer electronics segment accounted for the largest market share in 2018, and the manufacturing segment is expected to register the highest CAGR of 29.0% during the forecast period.
Regional Analysis
Geographically, the global e-SIM market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.North America dominated the region in terms of market share in the e-SIM market. The market growth is attributed to the presence of many e-SIM network service providers that offer network support to e-SIM devices. The leading players in the region include Deutsche Telekom AG, AT&T, Verizon Wireless and Virgin Mobile, that operate across the region.
Europe was the second-largest market in the e-SIM market in 2018. Europe has been segmented into the UK, Germany, Spain, and the rest of Europe. According to the MRFR analysis, Germany is expected to gain the highest market share followed by the UK, Spain, and the rest of Europe. Some of the factors responsible for the market growth include the presence of a large number of platform vendors who provide the underlying hardware for e-SIM integration. The leading players in the region include Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors. (Netherlands), and Gemalto NV. (Netherlands) which operate across the region.
Download free Sample of This Strategic Report:-
Key Developments
In September 2018, STMicroelectronics revealed a highly integrated mobile-security solution–ST54J. It is a system-on-chip (SoC) IC that contains a near-field communication (NFC) controller and e-SIM. Single-chip ST54J ensures faster contactless interaction than a discrete chipset and data exchange between the secure element and NFC controller.
In February 2018, NXP Semiconductor launched SN100U, the first e-SIM chipset. The single-die chipset includes an embedded secure element (SE), NFC, and e-SIM for added advanced functionality, cellular connectivity, and security. The product is developed for OEMs to integrate applications for mobile transit, smart access control, contactless payments, and platform security.
In February 2018, Deutsche Telekom launched a multi-device management (MDM) software to integrate the e-SIM connectivity for automotive applications. The MDM application provides navigation services for the riders.
In June 2018, NTT DOCOMO and China Mobile partnered to provide e-SIM solutions to enable cross-vendor SIM profile switching from DOCOMO to China Mobile. The partnership allows the former to expand its business in China
Request For Full Report-
Market Segmentation
By end user—Automotive, Energy & Utilities, Manufacturing, Retail, Consumer Electronics, and Transportation & Logistics.
Key questions addressed by the report
What was the historic market size (2018)?
Which segmentation (component/deployment mode/organization size/industry vertical) are driving market?
What will be the growth rate by 2024?
Who are the key players in this market?
What are the strategies adopted by key players?
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Contact Us
Name: Kenneth research
Email:
Phone: +1 313 462 0609
Darlene Dooley
Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
MENAFN15112021004545010068ID1103171231