The network connectivity has become an integral component of any manufacturing facility. The growth of the embedded SIM (eSIM) market also pertains to the presence of a large number of well-established players and emerging companies across the globe.
The eSIM assures of a tremendous future towards streamlining the design and connectivity of devices in a swiftly evolving landscape of IoT. In addition, it has been designed for flexible provisioning with the capacity of creating the devices immune to the evolution of future network changes. And now since traditional cellular makers are stepping towards developing eSIM infrastructure, the market across the globe is expected to mount at a CAGR of 27.36% and reach to USD 2,282.27 by the end of 2027, states a report by The Insight Partners.
Furthermore, with 5G almost at the edge of promising higher speed and capacity of mobile network, there are huge chances that eSIM (a wireless connectivity network) becomes a new norm. This would also enable every type of device to remain over a grid of all of the time along with allowing the flexibility of staying connected regardless of location or device.
However, there are still a few challenges towards the growth of the market like linking every network resource to eSIM with individual devices and COVID-19 shutdown that has interrupted the entire supply chain. Additionally, the factory shutdowns, travel bans, trade bans, and border lockdowns have impacted both manufacturing and sales of various consumer electronic products and components. The global electronics and semiconductor industry is one of the major industries that is facing serious disruptions due to supply chain issues and manufacturing shutdowns.
Presently there are three main models facilitating activation of network services remotely by the means of eSIM, nevertheless, not a single model has the ability of entirely achieving the objective of seamless, global connectivity.
The aforementioned three models and their limitations include:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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