Media Release: eSIM Market Outlook to : Emerging Trends and Will Generate New Growth Opportunities Status

The simplification of operators logistics and multiplied growth of Machine to Machine M2M services are among the many vital benefits offered by eSIMs. eSIMs enable users to remotely manage profiles, change networks, and update settings with the assistance of Remote SIM Provisioning RSP solutions. In addition, eSIMs offers extra defense towards data theft. For instance, if an individual tries to change the profile of an eSIM, a particular key is required, which acts as a further layer of safeguard.

If one does not have the essential key, the characteristic of converting the present clients profile is deemed unavailable. According to the commercial viewpoint, eSIMs enhance the implementation of mobile connectivity on industrial devices/accessories. This, in turn, solves the difficulty of manually dealing with the work, since operations on a tool are remotely managed by cellular connectivity solutions. There are a few executive initiatives promoting using eSIM across a few business verticals, akin to automobile, customer electronics and energy and utilities, to advertise the growth of eSIMs globally. For instance, by 2020, the European Commission is aiming to exchange approximately 80% of the electric powered meters with smart meters for all its member states.

Asia Pacific is will account for the maximum CAGR in the eSIM market in the coming years. The rising adoption of smartphones and fitness instruments in China, Japan, and India, is among the major elements expected to drive market growth during this region. Moreover, the increasing focus of key players during this region is contributing considerably to market growth. For instance, in July 2018, Plintron, in partnership with BSNL, announced the launch of its Global IoT connectivity brand eSIM4Things in India. eSIM4Things connectivity has global coverage and compatibility with a whole lot of IoT gadgets and a few industry vertical applications. Market Industry Reports is a world leader in market dimension and advisory functions.

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