eSIM Market Records a CAGR of 21.08% by 2026| 32% of the growth to originate from Europe|Technavio
NEW YORK, May 20, 2022 /PRNewswire/ -- Technavio has been monitoring the eSIM market, operating under the global information technology market. The latest report on the eSIM market estimates it to register a growth of 4.22 trillion units, at a CAGR of 21.08% during the forecast period. The report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Request Latest Sample Report
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The market is concentrated, and the degree of concentration will decelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Arm Ltd., AT and T Inc., Cisco Systems Inc., Deutsche Telekom AG, Giesecke Devrient GmbH, IDEMIA, Infineon Technologies AG, KDDI Corp., KORE Wireless Group Inc., Nippon Telegraph and Telephone Corp., NXP Semiconductors NV, Redtea Mobile, Samsung Electronics Co. Ltd., Sierra Wireless Inc., STMicroelectronics NV, Telefonica SA, Telenor Group, Telit Communications Plc, Thales Group, and Truphone Ltd. are among some of the major market participants.
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The large-scale benefits of using IoT devices have been instrumental in driving the growth of the market. However, an increase in competition from soft SIMs might hamper the market growth.
eSIM Market 2022-2026: Segmentation
The automobile segment's eSIM market share will expand significantly. Consumer tastes are shifting, and they now want high-end features at reasonable prices. As a result, the automotive sector is expected to rise during the projected period due to increased automobile production and demand from growing countries such as China, India, and Brazil. As a result of rising automotive production, the eSIM market is expected to expand over the forecast period.
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eSIM Market 2022-2026: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The eSIM market report covers the following areas:
This study identifies the growing awareness of wearable devices as one of the prime reasons driving the eSIM Market growth during the next few years.
eSIM Market 2022-2026: Key Highlights
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Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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