eSIM Market worth USD 19.3 billion by 2027, registering a CAGR of 15.9% | Market Size, share and Opportunities

NEW JERSEY, UNITED STATES, November 17, 2021 /EINPresswire.com/ — Description

The “”Global eSIM market Size, Status, and Forecast 2027″” study from CMI provides an overview of the global eSIM market. This section illuminates the primary impact-rendering factors and restrictions limiting expansion. It enables people to comprehend various flaws and how they may obstruct future growth. This section is one of the most important in the report since it explains how many macro and microeconomic factors affect growth. The research also discusses the role of several sectors in the expansion, including small-scale and large-scale operations. Furthermore, industry specialists have presented current trends and prospects that are expected to boost growth in the next years.

The global eSIM market was valued at US$ 8.3 Bn in 2019 and is expected to reach US$ 19.3 Bn by 2027 at a CAGR of 15.9% between 2020 and 2027.

E-SIM cards are considered the global standard for SIM cards. They are widely used by mobile phone users all over the world and are considered a common standard. These cards can be easily and cheaply purchased from any of the leading mobile phone stores or they can also be acquired through GSM providers. When it comes to regional impact, North America seems to be gaining significant traction in the eSIM market. This is owing to the large presence of network providers and rapid technological advancements across the region. On the contrary, Asia Pacific is exhibiting positive signs due to growing adoption of IoT technology and growing demand for embedded connectivity vehicles in the region.

Major Key players in this Market:

Infineon Technologies AG, STMicroelectronics, Deutsche Telekom AG, Giesecke+Devrient Mobile Security GmbH, Thales Group, KORE Wireless, Arm Limited, Truphone Limited, Workz Group, Sierra Wireless, NXP Semiconductors, AT&T.

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