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Global eSIM Market to Reach $1.8 Billion by 2026SAN FRANCISCO, June 4, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "eSIM - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. FACTS AT A GLANCE Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry ABSTRACT- Global eSIM Market to Reach $1.8 Billion by 2026 The U.S. Market is Estimated at $170.2 Million in 2021, While China is Forecast to Reach $144.4 Million by 2026 The eSIM market in the U.S. is estimated at US$170.2 Million in the year 2021. The country currently accounts for a 32.81% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$144.4 Million in the year 2026 trailing a CAGR of 31.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.6% and 26.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 27.7% CAGR while Rest of European market (as defined in the study) will reach US$190.7 Million by the close of the analysis period. As demand picks up with IoT technologies maturing and more and varied industries entering the IoT space, use of eSIM is expected to increase in forthcoming years. Operators are also increasingly realizing the cost advantages with such connections and are opening up networks for reaping the benefits of multi-device and bundled subscription plans. eSIMs are also required to have the support of international IoT connectivity with stronger security and lower latency, for a more secure and seamless experience for end-users wherever the IoT device is in the whole world. Also, technology solution providers are trying to solve the many operational, technical and commercial issues pertaining to LPWAN deployment, allowing manufacturers to install new IoT solutions worldwide. Connected Cars Segment to Reach $363.6 Million by 202 eSIMs, integrated into cars during the production process, offer greater flexibility and capabilities by enabling cars and trucks with cellular connectivity. eSIMs encrypt communications and ensure secure global car connectivity for vehicle systems including eCall emergency solutions, vehicle telematics, navigation among others. The card provides greater flexibility to select or change mobile network service providers and service plans, during the lifetime of connected cars. eSIMs allow automatic network swaps and therefore considered ideal for devices that must pass borders. Auto makers depending on a fixed SIM card are restricted to a single provider, and in event of travel or extend stay in a new country, the card has to be changed to work with a new carrier as it is subject to the local data regulations . In the global Connected Cars segment, USA, Canada, Japan, China and Europe will drive the 27.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$64.5 Million in the year 2020 will reach a projected size of US$360 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$40.1 Million by the year 2026. More MarketGlass™ Platform Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android About Global Industry Analysts, Inc. & StrategyR™ CONTACTS: LINKS Connect With Us on LinkedIn Follow Us on Twitter Journalists & Media View original content to download multimedia:http://www.prnewswire.com/news-releases/global-esim-market-to-reach-1-8-billion-by-2026--301305138.html SOURCE Global Industry Analysts, Inc. |