An e-Sim, also called eUICC (embedded Universal Circuit Card), is a card that is embedded in the mobile device to store all the information to authenticate the mobile subscriber. Apart from offering better and uninterrupted connectivity, the e-Sim technology will revolutionize the communication between machine to machine that will greatly benefit automotive industry as recent research claims, over 90% of new passenger cars will have one or another form of connectivity.According to AMA, the market for E-SIM Card is expected to register a CAGR of 29.6% during the forecast period to 2024. This growth is primarily driven by Growing Need to Have Real-time Network Change Option and Growing IoT Adoption in Various End-user Industries.
Globally, a noticeable market trend is evident Increasing Focus on Remote Sim Provisioning for M2M
. Major Players, such as Apple Inc. [United States], Samsung [South Korea], Gemalto NV [Netherlands], Giesecke & Devrient GmbH [Germany], NTT DOCOMO, INC. [Japan], OT-Morpho [France], Telefonica S.A. [Spain], Sierra Wireless, Inc [Canada], STMicroelectronics [China] and Deutsche Telekom AG [Germany] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Growing Need to Have Real-time Network Change Option
- Growing IoT Adoption in Various End-user Industries
- Increasing Focus on Remote Sim Provisioning for M2M
- Growing Need for Uninterrupted Network Solution
- Complexity in Eco-system of e-Sim
- Difficulty Associated While Switching Between Different Devices
Growing Market for Wearable Electronics and Competitive Rivalry Among Service Providers on Providing Enhanced Customer Experiences
Security and Privacy Threat Posed by E-sim and Lack of Standardization Related to E-sim Technology
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