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E-SIM Market to Procure Hefty Returns from Consumer Electronics Industry over 2019 to 2025

Improved security and convenience in the adoption of these digital technologies over traditional cards are major factors driving the e-SIM market growth

 

Sellbyville, DE -- (SBWIRE) -- 06/03/2019 -- Global Market Insights recently added a detailed e-SIM Market research study across the global, regional and country level. The report provides 360° analysis from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global market and estimates the future trend of the industry based on this detailed study.

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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 Samsung's 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.

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.

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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.

Key players operating in e-SIM market include Apple, AT&T, 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.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.