According to a new report Global eSIM Market, published by KBV research, The Global eSIM Market size is expected to reach $19.2 billion by 2026, rising at a market growth of 17% CAGR during the forecast period.
The M2M application is anticipated to record a dominant market share over the forecast period. The dominance of the segment can be associated with the several advantages offered by the implementation of eSIM in M2M devices. These advantages include simplified device setup without the need to insert or replace a SIM card, increased reliability and security, sleek design, and no requirement of a connector.
The vertical consumer electronics represents one of the largest forces that shape disruption, innovation, and growth across diverse technology industries. ESIM is considered to be a game-changer for consumer electronics applications. Enhanced connectivity, high reliability and increased protection are some of the features that drive the adoption of eSIMs in consumer electronic applications.
The North America market dominated the Global eSIM Market by Region 2019. The eSIM demand in APAC is projected to witness an exponential growth rate over the forecast period. Smartphone adoption rates are rising rapidly in this region, and it is evident that 3 out of the top 5 countries in the world are APAC countries, including Australia, Singapore and South Korea. The Europe market is expected to witness a CAGR of 16.1% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/esim-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Thales Group S.A. (Gemalto NV), Infineon Technologies AG, NXP Semiconductors N.V., STMicroelectronics N.V., Telefonica S.A., NTT Data Corporation, Giesecke & Devrient GmbH, Deutsche Telekom AG, Singapore Telecommunications Limited, Sierra Wireless, Inc.
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