Embedded Subscriber Identity Module Market to Reach $6.88 Bn, Globally, at 30.7% CAGR, by 2025, Says Allied Market Research

News provided by

Nov 07, 2018, 06:30 ET

PORTLAND, Oregon, November 7, 2018 /PRNewswire/ --

Extensive adoption of IoT, cloud computing, and connected devices; favorable government regulations boosting machine-to-machine communications; technological advancements among the various industry sectors drive the growth of the embedded subscriber identity module market

Allied Market Research published a report, titled, Embedded Subscriber Identity Module (e-SIM) Market by Application (Connected Cars, Smartphone & Tablets, Wearable Devices, and Others), and Industry Vertical (Automotive, Consumer Electronics, Manufacturing, Telecommunication, Transportation & Logistics and Others): Global Opportunity Analysis and Industry Forecast, 2017-2025. The report offers in-depth analyses of the global embedded subscriber identity module market by closely monitoring the market trends, drivers & opportunities, top investment pockets, key growth strategies, and competitive landscape. According to the report, the global embedded subscriber identity module market was pegged at $1.05 billion in 2017 and is expected to reach $6.88 billion by 2025, registering a CAGR of 30.7% from 2018 to 2025.

(Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg )

Extensive adoption of IoT, cloud computing, and connected devices drives the growth of the market. Moreover, favorable government regulations boosting machine-to-machine communications, technological advancements among the various industry sectors, rapid increase in sales of premium cars, and increase in purchasing power of consumers supplement the market growth. However, dependence of embedded SIM depends on the supporting network is a major hindrance factor for the market because if any network is out of service, then the device with an e-SIM becomes inoperable. Moreover, rising privacy and security concerns prevailing in various industries pose significant threats to the market growth. Conversely, increase in mobile computing devices, growth in demand for smart solutions, and rise in adoption of wearable electronics would offer lucrative opportunities for the e-SIM market.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5077

Connected cars segment would dominate the market through 2025

The connected cars segment accounted for the largest market share in 2017 and is expected to maintain its dominance during the forecast period. Embedded M2M SIMs identify individual vehicles, encrypt communications, and ensure secure global connectivity for smart vehicle systems. Moreover, users can enjoy both embedded voice and data services simultaneously. A passenger can search online for the best nearby restaurants while another passenger calls for a reservation. Such factors create lucrative opportunities for embedded SIMs in the connected car segment. However, the others segment, which comprises smart girds and smart meters, would witness the fastest growth of 29.8% by 2025. Integration of e-SIM in various applications such as smart meters, drones, and smart grids offers remote monitoring, improved forecasting, and smooth power consumption. The report also discusses applications such as smartphone & tablets and wearable devices.

Automotive segment would remain dominant, Others to exhibit the fastest growth

In 2017, the automotive segment contributed 28% of the total market revenue. An e-SIM provides a better approach in a connected car than a conventional removable plastic SIM. It is smaller, more robust, and can be remotely programmable. E-SIM is already used in advanced vehicles in developed countries. However, the others segment, which includes industries such as healthcare and retail, is expected to grow at the fastest CAGR of 33.3% from 2018 to 2025. The demand for e-SIM in healthcare is driven by the increased utilization of medical devices embedded with SIM-Com and excellent M2M wireless modules, which help in precaution, diagnosis, treatment, and monitoring. The report also discusses industries such as consumer electronics, manufacturing, telecommunication, transportation, and logistics.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5077

Asia-Pacific top grow the fastest, North America to remain dominant

Asia-Pacific is expected to grow at the fastest CAGR of 32.1% through 2025 because the embedded SIM industry in the region is largely controlled by government policies that encourage sustainable manufacturing and investments in the sector. In addition, increased adoption of smart technologies in the Asia-Pacific region creates lucrative opportunities for the growth of the market. However, North America would remain dominant throughout the study period owing to the extensive adoption of IoT and cloud computing in the region. Intelligent devices, such as autonomous car and connected automobiles and devices have greater penetration in this region, owing to increase in adoption of e-SIM in the region, which is expected to propel the market growth. The other regions analyzed in the study include Europe and Latin America, Middle East and Africa (LAMEA).

Players active in the industry

The key market players analyzed in the report include Deutsche Telekom AG, Gemalto NV, Infineon Technologies AG, NXP Semiconductors N.V., Sierra Wireless, STMicroelectronics, Vodafone, Giesecke & Devrient, Idemia, and NTT DOCOMO. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to expand their market presence.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Purchase an enterprise user license and get 1 month complimentary access to our Knowledge Tree subscription. Offer valid till 15th November 2018. (*Terms and Conditions apply)

Get subscription: https://www.alliedmarketresearch.com/checkout/668611

Mobile Phone Accessories Market - Global Opportunity Analysis and Industry Forecast, 2017 - 2023

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]