E-SIM market share research by applications and regions for 2018-2024

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e-SIM Market Share, Segmentation, Report 2024
Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Overview of e-SIM Market

• 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. In June
  2018, Huawei Technologies, a Chinese
  multinational networking and telecommunication
  company updated its Huawei Watch 2 by introducing
  an electronic SIM feature in its models.
• e-SIM Market size is expected to grow over the
  coming years with a rise in the demand for the
  IoT technology. These digital chips help in
  machine-to-machine connections without human
  interventions. The integration of the technology
  in smart devices such as smartphones and smart
  wearables will allow the machines to detect the
  available network and enhance its connectivity.
  Several manufacturers are engaged in integrating
  this electronic technology into their devices.
  For instance, Apple, Inc. developed Apple Watch
  3, which utilizes these electronic chips for
  providing a cellular connection to the device.
  The network connectivity in smartwatches allows
  the users to connect to the multiple apps and
  devices. Moreover, remote provisioning and M2M
  connections provide seamless and simple mobile
  connectivity with all types of connected
  machines, thereby driving the e-SIM market growth.

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• 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.
• Improved security and convenience in the adoption
  of these digital technologies over traditional
  cards are major factors driving the e-SIM market
  growth. Several security damage issues such as
  lost cards and slot damage in conventional cards
  will drive customers to adopt these digital
  chips. This will help in managing multiple cards,
  providing easy connectivity, retrieval of lost
  data, and easy tracking of the cellular devices.
  Increasing regulations and the strict
  implementation of policies by the government for
  boosting the M2M communications are propelling
  the adoption of these programmable built-in
  technologies for enhancing networking
  communications in the telecommunication sector.
  These regulations are being developed by
  government bodies to enhance the technologies and
  motivate the manufacturers in the development of
  advanced solutions, which will improve the
  network connectivity. For instance, in May 2018,
  the Department of Telecommunications (DoT) has
  given approval to the use of embedded-subscriber
  identity module, which is driving the e-SIM
  market demand.

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• 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.
• 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 Samsungs
  Gear S2 Classic 3G in Amsterdam, which is the
  first smartwatch with e-SIM features. Additional
  features offered by these electronic chips allow
  the users to send and receive text messages,
  calls, consulting fitness data, read emails,
  receive notifications, navigate, and browse
  social networks. Such features will positively
  drive the adoption, thereby propelling the e-SIM
  market growth.

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• Key players operating in e-SIM market include
  Apple, ATT, 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. These
  players are competing in the e-SIM market based
  on the demands and requirements of the consumers
  for technological advancements, which will
  improve their satisfaction level and make their
  life sophisticated. They integrate the features
  of IoT, GPS, and Wi-Fi into their smart devices,
  boosting the requirement for smart
  infrastructures in the e-SIM market and improving
  the connectivity in these dev.

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Methodology

• Market
  research reports Key analytical components

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