Global E-Sim Card Market Overview
E-Sim Card is just similar to near field communication system that can be used to make calls and access the payment gateways.E-Sim Card is not as old conventional Sim cards that requires space for installing the physical Sim but E-Sim Card is already embedded inside the smart phones or tablets.E-Sim card is currently supported in iPhone tablets and smart phones such as XS, XR and XS max other than that I phone Google pixel is also supporting the new trend of Sim card technology.This new innovation in E-Sim Card has led the manufacturers to create new designs of phone to provide extra space for battery and other accessories.E- Sim card can help to migrate from one network operator to another network operators in real time access without paying for international roaming charges.E-Sim card system provides better safety and security with electronic based vehicles and machines.
Market Size and Forecast
The global E-Sim Card market is expected to grow from USD 6 billion in 2018 to USD 19 billion in 2027 at a CAGR of 14% in the forecast period.The global E-Sim Card market is perceived to maintain a constant CAGR during the forecast period and is anticipated to exist at a significant level.
On the basis of regional platform, global E-Sim Card market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Asia Pacific’s E-Sim Card market is anticipated to witness the largest growth in market with the expected market share at significant level. The growing GDP and increasing prevalence for smart technology signifies significant growth of electronic chip related products. Additionally, North America is considered to exist as the second largest market across the globe for global E-Sim Card market. Moreover, North America is supported by increased per capital income in US and Canada.
Europe is expected to witness the steady growth in global E-Sim Card market backed by ease of changing the network/operators of mobile phones in real time access.In Latin America countries such as Brazil, Argentina and Chile are expected to witness significant market demand for organizations involved in E-Sim Card market.
Middle East and Africa region is also expected to showcase the slow growth in market on the advent of embedded Sim rather than physical Sim card , which can get damage at time of changing the phones.CLICK TO DOWNLOAD FREE SAMPLE REPORT
Global E-Sim Card market is further classified on the basis of region as follows:
According to the “World Bank Data 2017” increase in the subscription of mobile in world is shown in table
Ability to Switch Between Network Providers Helps the Market to Grow
The ease of operating and changing the network at real time over the air is driving the market growth in future. Additionally, ability to change the network provider and avoiding the loss from international roaming is also anticipating for the growth of market.
Increment in phone space for battery storage
Rising innovation technology of E-Sim card is helping the mobile manufacturers to have a space for increasing the battery size of the phone and utilize the space for other purpose that supports the growth of global E-Sim card market.
Design and Security
Improved security system in E-Sim Card technology as compared to old conventional Sim is driving the growth of market in expected forecast period. Additionally, design of smart phones and tablets for E-Sim card gave the reliability for extra space to battery and other equipment’s in smart phones or tablet.
Rise in automotive industry
Automotive industry is driving the growth for E-Sim Card market backed by increasing production of electronic based advanced electrical vehicles by the manufacturers of automobile industry.
Adoption of E-Sim Cards by multinational organizations will restrain growth of the market as it prevents consumers from directly visiting the network providers store and loose authority over price negotiation.
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