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E-SIM Market to Procure Substantial Returns via Consumer Electronics over 2018-2024

Improved security and convenience in the adoption of these digital technologies over traditional cards are major factors driving the e-SIM market growth

 

Sellbyville, DE -- (SBWIRE) -- 03/26/2019 -- Asia Pacific is expected to be the fastest growing region in the e-SIM market. The increasing availability of the manufacturers and the growing demand for advanced technologies and solutions among customers are driving the Asia Pacific e-SIM market. The rapid expansion of the consumer electronics sector in countries including India, China, and Japan is predicted to generate a high demand for such technologies.

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Ease of switching between the mobile networks by the application of these electronic chips will drive the demand for this solution. These chips allow the users to change their network providers without incurring any roaming charges. Difficulties that are faced while changing the network provider in conventional cards include roaming charges, portability, user verification, and network provider clearance. Several technical advantages of these digital chips, such as compact design, additional storage, ease in connectivity, and enhanced security, are propelling the e-SIM market demand.

Growing demand for smart devices will drive the e-SIM market demand. Several intelligent devices such as smartwatches and health bands are being integrated with these programmable infrastructures, helping them to connect with the cellular infrastructure. The chips occupy less space, allowing the device to be slimmer and lighter. This allows the manufacturers to use the space for providing other technological features and functions in their electronic products.

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Consumer electronics accounted for a substantial industry share in the e-SIM market. Technological advancements in several consumer electronics products, such as smartphones and smart TV, are driving the demand for sophisticated connectivity and enhanced networking solutions. A rise in the adoption of IoT & cloud computing will drive the integration of these digital chips to utilize them in providing customers exceptional benefits.

Key players operating in e-SIM market include Apple, AT&T, Gemalto NV, Sierra Wireless, Singtel, NTT Docomo, Telefónica, Deutsche Telekom, Giesecke & Devrient, NXP Semiconductors, Infineon Technologies, STMicroelectronics, Samsung Electronics, and Singapore Telecommunications Ltd, among others. These players are competing in the e-SIM market based on the demands and requirements of the consumers for technological advancements, which will improve their satisfaction level and make their life sophisticated.

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