Albany, NY -- (SBWire) -- 04/25/2018 --The global E-SIM card market is rising steadily due to the several advantages of E-SIM card over conventional SIM cards. E-SIM card allows changing mobile network operator at a few clicks, a feature distinct to them. For instance, ability to switch network providers over the air in machine to machine systems such as smart meters and connected cars has substantial advantages in terms of reducing logistics and operational costs.
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In terms of application, the global E-SIM card market has been segmented into machine to machine (M2M), wearable and companion devices, smartphones, and tablets and laptops. The segment of M2M, among these, contributed the leading revenue contribution in 2016. M2M is further sub-segmented into connected cars, utility, and others. Of them, connected cars is expected to expand at a CAGR of over 15% between 2017 and 2025 backed by the rising adoption of E-SIM card in the automotive industry for weather information and infotainment.
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The commercialization of Embedded SIM for smartphones is expected in 2019. The segment is expected to rise at a robust CAGR of 26.3%between 2019 and 2025.
E-SIM Card Market - Trends and Opportunities for the Industry by 2025
E-SIM Card Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025