Vancouver, British Columbia, Dec. 09, 2020 (GLOBE NEWSWIRE) -- The Global Embedded SIM (eSIM) Market is projected to be valued at USD 3019.1 Million by the year 2027, as per the latest assessment by Emergen Research. The embedded sim (eSIM) industry is predicted to deliver significant growth in the coming years due to the rising application of IoT-connected devices in manufacturing. The globally mounting implementation of smart solutions might further benefit market growth. Additionally, increasing government initiatives to push electric vehicles’ adoption is expected to be advantageous for the sector’s growth due to the advanced functionalities eSIM offers in electric vehicles.
However, market growth might be restrained in the forecast years owing to the significantly higher costs of eSIM than a conventional SIM.
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Emergen Research has categorized the Global Embedded SIM (eSIM) Market based on application, end-use, solution, and region:
To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/embedded-sim-market
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