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eSIM Market Outlook, Growth and Report 2022-27

IMARC Group’s latest research report, titled “eSIM Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global eSIM market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global eSIM market is expected to exhibit a CAGR of 21.41% during 2022-2027. An eSIM, or Embedded Universal Integrated Circuit Card (eUICC), is a universal integrated circuit card (UICC) in a generic form. In terms of functioning, it is similar to a normal SIM card, and it can be programmed by plugging the card into a modem or computer. It helps in the mass manufacture of Microsemi transistors and other embedded communication devices. It was created for the telecommunications sector, primarily for network-attached storage installations (NAS).

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Important Attribute and highlights of the Report:

The global market is majorly driven by an increase in the number of M2M connections globally. In line with this, the rising number of IoT-connected devices in different end-use verticals, such as automotive, consumer electronics, and energy and utilities, is significantly contributing to the market. Moreover, the growing demand for the product in the automotive industry to enable trucks and cars with cellular connectivity unlock new capabilities and features is bolstering the market growth. Besides this, the advent of industry 4.0 has driven electronic manufacturers to integrate eSIM with M2M systems, thereby strengthening the market. Additionally, the increasing need for smart solutions is offering numerous opportunities for growth in the eSIM market worldwide.

Key Players Included in Global eSIM Market Research Report:

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COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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