Global eSIM Market: Key Highlights
Global eSIM Market: Key Market Dynamics
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Global eSIM Market: Regional Overview
The eSIM market in the North American region is projected to witness to grow with highest CAGR during forecast period. Development in wireless technologies, communication technologies, and early adoption of technology infrastructure will have impacted positively on the growth rate of the region. The company such as Apple Inc. is currently using eSIM in its latest product line up. Moreover, Apple Inc. is one the most selling and more popular brand in North America as well as in whole world. Hence it will add value in the growth of the North America. US and Canada are expected to hold largest market share in the eSIM market during forecast period.
Asia-Pacific is expected to dominate the market during forecast period. Increasing usage of smartphones, increasing mobile Internet penetration and high presence of suppliers and distributors of wearable devices will be fueling the market growth during projected years. Moreover, major network operators are heavily investing in R & D of network services to provide Internet solution and services will also add some benefits in the growth of the eSIM market.
Global ESIM Market: Key Players Overview
The company engages in the provision of semiconductor solutions to various end use applications such as automotive, communication, consumer electronics, industrial, and security & solutions among others. The company offers various eSIM products which are shown below:
Source: Infineon Technologies AG
In March 2020, the company launched OPTIGA Connect 5G ready eSIM turnkey solution for mobile consumer devices. This solution fully supports all GSMA standards from 3G to 5G and securely authenticates the device to the subscribed carrier network of choice.
The company manufacturers various products and solutions to provide services in aerospace, defense & security, digital identity and security, space, transport, and market specific solutions. â€‹Thales has developed a full range of subscription eSIM management services to handle the embedded SIM during the entire life cycle of the device. Thales's eSIM management allows to securely and remotely manage the lifecycle of cellular subscriptions, in order to deliver a seamless customer experience for connecting more than 7 billion consumer and industrial eSIM-ready devices expected to be shipped by 2025. In March 2020, the company selects Google Cloud technology to deliver highly secure and scalable activation of eSIM capable services.
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