TechSci Press Release

Growing traction of machine to machine and Internet of Things communication to drive eSim market in Asia Pacific through 2024 According to TechSci Research report,  “ Asia Pacific eSim Market   By Form Factor, By Application, By Country, Competition, Forecast & Opportunities, 2024 ” , Asia Pacific eSim market is expected to grow at a double-digit CAGR during 2019-2024, on account of emerging technologies such as Internet of Things. eSim is an electronic sim card that can change the operator based on the needs, so as to offer improved user experience. Growing awareness pertaining to wearable devices and surge in mobile computing are pushing the market. However, lack of regulations and concerns related to the security may impede market growth during forecast period. Esim market can be segmented based on form factor and application. On the basis of application, the market can be segmented into connected cars, wearables, smartphones & tablets, laptops and M2M. Owing to the...

Asia Pacific esim market is expected to grow at a double digit CAGR during the forecast period, on account of increasing adoption of Internet of Things and favorable government regulations pertaining to telecommunication in the region. esims are referred to as next generation sim cards, as they are embedded in smartphones, laptops, and other devices. The global market for esim is forecast to grow at a CAGR of over 25% until 2027 and reach $ 998 million by the end of 2027. Asia Pacific market of esim can be segmented based on form factor, application, and country. In terms of application, the market can be classified into smartphones & tablets, laptops, M2M, wearables and connected cars. Machine to machine (M2M) application segment is expected to dominate the market in coming years, on account of favorable regulatory frameworks and surging adoption of IoT in various industry verticals such as automotive and consumer electronics. However, smartphones & tablets segment is anticip...