The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.
Competitive Rivalry of the Embedded SIM Market:
The leading players in the embedded SIM market include Singtel, Inc., STMicroelectronics, NXP Semiconductors, Infineon Technologies AG, Gemalto NV, Deutsche Telekom AG, Giesecke & Devrient GmbH, Telefónica S.A, Sierra Wireless, NTT Docomo, among others.
Drivers of the Embedded SIM Market:
The significant factors contributing to the growth of the global embedded SIM market include the increasing adoption of the embedded SIM among various businesses which uses IoT systems and includes machine-to-machine deployments such as power plants and manufacturing. Moreover, the accelerating adoption of wearable solutions, along with the growing implementation of IoT technology in various areas and increasing adoption of connected devices, will further surge the market growth during the forecast period. The launch of 5G has allowed faster communication with decreased latency, which is creating numerous growth opportunities for the embedded SIM in the market.
The embedded SIM provides improved navigation and enhanced connectivity of devices in smart homes. The increasing penetration of the internet, smartphones, supportive regulations by the government to raise M2M communication, and the rapid development of smart homes will attract a large number of customers to the market between 2020-2027. The increased production of the connected car will boost the usage of embedded SIM as it helps to deliver a range of in-vehicle services such as infotainment, real-time navigation, decreases the manufacturing complexity, and helps in offering more agile and flexible solutions. On the other hand, the factors hindering the growth of the global embedded SIM market include the rising threats of security and the presence of a highly complex system. The COVID-19 crisis in 2020 will have an adverse influence on the global embedded SIM market as the retail stores of telecommunication companies are temporarily shut owing to the strict lockdown.
The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:
Breakup by Application:
· Connected Cars
Breakup by Vertical:
· Energy & Utilities
· Transportation & Logistics
· Consumer Electronics
Breakup by Region:
· North America
o United States of America
· Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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