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Subscriber Identification Module (SIM) Card Market size is set to grow by USD 2.28 billion from 2024-2028, Growing migration to 5G network to boost the market growth, Technavio

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NEW YORK, June 12, 2024 /PRNewswire/ — The global subscriber identification module (SIM) card market  size is estimated to grow by USD 2.28 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 9.16%  during the forecast period.  Growing migration to 5g network is driving market growth, with a trend towards introduction of e-sim in telecommunications. However, need for registration of sim cards  poses a challenge. Key market players include Bartronics India Ltd., dz Card International Ltd., Eastcompeace Technology Co. Ltd., Giesecke Devrient GmbH, Hengbao Co. Ltd., IDEMIA France SAS, STMicroelectronics International N.V., Thales Group, WATCHDATA TECHNOLOGIES Pte. Ltd., Workz Group, and Wuhan Tianyu Information Industry Co. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Hybrid SIM, Micro SIM (3FF), Mini SIM (2FF), and Nano SIM (4FF)), Capacity (128KB, 64KB, 32KB, 256KB, and 512KB), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Bartronics India Ltd., dz Card International Ltd., Eastcompeace Technology Co. Ltd., Giesecke Devrient GmbH, Hengbao Co. Ltd., IDEMIA France SAS, STMicroelectronics International N.V., Thales Group, WATCHDATA TECHNOLOGIES Pte. Ltd., Workz Group, and Wuhan Tianyu Information Industry Co. Ltd.

Key Market Trends Fueling Growth

The e-SIM market is set to expand due to the integration of e-SIMs and removable SIMs in dual SIM smartphones. This innovation caters to the short replacement cycles in developed markets and the longer cycles in emerging ones. Collaboration between vendors and e-SIM service providers will further fuel market growth during the forecast period. 

The Subscriber Identification Module (SIM) card market is experiencing significant growth, driven by the increasing demand for mobile connectivity and advanced technologies. Phones and SIM cards are essential components in this industry, with producers focusing on creating compact and efficient solutions.

Consumers are looking for devices that offer better performance, longer battery life, and improved security features. Technologies like NFC, GPS, and biometric authentication are trending in this sector. Additionally, the integration of IoT devices and the implementation of 5G networks are expected to further boost the market. Overall, the SIM card market is a dynamic and innovative space, with companies constantly striving to meet consumer demands and stay ahead of the competition. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The Subscriber Identification Module (SIM) card market is facing challenges due to the mandatory registration of SIM cards in over 80 countries. This policy requires consumers to provide proof of identity, leading to a reduction in criminal activity. However, an estimated billion people lack the necessary identity documents, limiting their ability to register for SIM cards.False document submissions result in penalties for operators, decreasing demand and production volume. Consequently, SIM card market growth may be hindered during the forecast period.The Subscriber Identification Module (SIM) card market faces several challenges. Technological advancements, such as the introduction of eSIMs and iSIMs, require adaptability and innovation from market players.Security concerns, including the risk of hacking and data breaches, necessitate robust security measures. Regulations, like the eIDAS Regulation and the GDPR, impose strict compliance requirements. Consumer preferences for affordable and high-performance cards add to the complexity.Competition from other identification technologies, like biometrics, also poses a threat. Markets in developing countries present opportunities but come with unique challenges, such as infrastructure limitations and affordability issues. Overall, the SIM card market requires a strategic approach to address these challenges and maintain competitiveness.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

Type 1.1 Hybrid SIM1.2 Micro SIM (3FF)1.3 Mini SIM (2FF)1.4 Nano SIM (4FF)Capacity 2.1 128KB2.2 64KB2.3 32KB2.4 256KB2.5 512KBGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Hybrid SIM-  The Subscriber Identification Module (SIM) card market is a significant component of the telecommunications industry. Businesses issue SIM cards to customers, enabling them to access mobile services. This market continues to grow as more individuals and organizations adopt mobile technologies.

SIM cards facilitate various functions, such as phone calls, text messaging, and mobile internet access. Companies manufacture and sell these cards to mobile network operators, who in turn provide them to subscribers. The SIM card market’s size and growth are driven by factors like increasing smartphone penetration, the proliferation of IoT devices, and the expansion of mobile broadband networks.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Subscriber Identification Module (SIM) card market encompasses the production, distribution, and sales of SIM cards for various mobile telephony devices, including mobile phones, computers, and specialized handsets such as Triple SIM Functionality (Triple SIM FF) phones. Integrated circuits are a crucial component in the manufacturing of SIM cards. SIM card registrations are essential for activating mobile services, and advancements in technology, such as E-SIM, are transforming the industry.

The market caters to diverse telecommunications technologies, including GSM Phones, CDMA Phones, LTE Handsets, and even Satellite Phones. Product pricing and consumer behavior significantly influence the market dynamics, with the National GDP playing a role in shaping the demand for SIM cards in different regions.

Market Research Overview

The Subscriber Identification Module (SIM) card market refers to the business sector involved in the production, sale, and distribution of SIM cards. These cards are essential components in mobile communication systems, enabling user identification and network access. The market for SIM cards is driven by the increasing global adoption of mobile technology and the proliferation of smartphones. Additionally, the growth of the Internet of Things (IoT) and the integration of SIM cards into various devices are expanding the market’s scope.

The SIM card market caters to various sectors, including telecommunications, automotive, healthcare, and logistics, among others. The market is characterized by its competitive landscape, with numerous players offering various types of SIM cards, such as standard, micro, and nano SIMs. The market also experiences constant innovation, with advancements in security features, such as two-factor authentication and biometric verification, enhancing the value proposition for consumers. Furthermore, the market is influenced by regulatory frameworks, technological advancements, and consumer preferences.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeHybrid SIMMicro SIM (3FF)Mini SIM (2FF)Nano SIM (4FF)Capacity128KB64KB32KB256KB512KBGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Cangzhou Forum Seeks to Deepen Ties Between Chinese and Central/Eastern European SMEs

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The 6th China-CEEC (Cangzhou) SME Cooperation Forum Launches

CANGZHOU, China, Nov. 10, 2024 /PRNewswire/ – A news report by Xinhuanet:

On November 7, the 6th China-Central and Eastern European Countries (CEEC) (Cangzhou) SME Cooperation Forum commenced in Cangzhou, Hebei Province. The forum was jointly hosted by the China Centre for Promotion of SME Development (ProSME) of the Ministry of Industry and Information Technology (MIIT), the Hebei Provincial Department of Industry and Information Technology, and Cangzhou Municipal People’s Government. Supporting organizations include the China International Cooperation Association of SMEs (CICASME) and the Office of Foreign Affairs Commission of the CPC Hebei Provincial Committee. The event was co-organized by the China-CEEC (Cangzhou) SME Cooperation Zone and the Cangzhou Municipal Bureau of Industry and Information Technology.

This year’s forum, themed “Deepening Cooperation and Sharing Opportunities,” combines both offline and online formats, with a primary focus on in-person engagement. Key activities include the Opening Ceremony and Keynote Forum, the Zero-Carbon Energy and Green Industry Innovation Forum, the International Forum on Remanufacturing Industry, the International Forum on Aviation Industry and Low Altitude Economy, and the SMEs’ Cross-border Collaboration and Matchmaking Meeting, and the European Segment of the 2024 International SME Innovation and Entrepreneurship Competition.

Throughout the forum, leading experts and dignitaries from around the world delivered speeches under the theme ‘New Path for Pragmatic Cooperation between SMEs of China and CEECs.’ They emphasized the critical roles of sustainable energy, the digital economy, and trade and logistics in strengthening ties between China and Central and Eastern European countries. In parallel, the event featured a range of innovative activities aimed at building an international platform to foster industrial cooperation and exchanges among SMEs from the participating nations.

At the Zero-Carbon Energy and Green Industry Innovation Forum, participating specialists and researchers engaged in discussions on developing a zero-carbon economy. They explored new opportunities, technologies, models, and challenges associated with lithium, hydrogen, and energy storage, with the aim of collaboratively advancing the green economy.

By attracting leading European innovation projects, the European division of the 2024 International SME Innovation and Entrepreneurship Competition has successfully transformed a number of innovative ideas into real-world applications, enhancing the collaborative development of new technologies between Chinese and European SMEs.

The China-CEEC (Cangzhou) SME Cooperation Forum, now in its sixth year, has emerged as Hebei Province’s leading foreign affairs initiative. The forum has drawn high-profile participants from Slovakia, Serbia, Germany, Finland, and neighboring countries, as well as ambassadors to China, and executives from leading Chinese and international industry associations and businesses. It has also spurred numerous collaborative projects between China and Central and Eastern European countries, enhancing cultural exchanges, educational partnerships, and technology transfers.  

Cangzhou is positioning the forum as a premier, open platform designed to be engaging, impactful, and competitive. The city’s objective is to significantly improve and sustain high-level interactions and collaborations between China and Central and Eastern European countries across the manufacturing, technology, investment and trade sectors.

Photo – https://mma.prnewswire.com/media/2552716/IMG_5336.jpg

View original content:https://www.prnewswire.co.uk/news-releases/cangzhou-forum-seeks-to-deepen-ties-between-chinese-and-centraleastern-european-smes-302300630.html

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ZURU backed BONKERS and Millie Moon brands achieve extraordinary recognition at the US 2024 Target Vendor Summit

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The ZURU-Backed Pet Treat and Nappy Companies Both Continue Record-Breaking Growth in the US Market

AUCKLAND, New Zealand, Nov. 11, 2024 /PRNewswire/ —  ZURU Edge brands, BONKERS and Millie Moon, are proud to announce that they have been recognized for Demand Generation at Target’s 2024 Essentials and Beauty Vendor Summit. The Target Vendor Summit honors a select group of vendors and partners who have demonstrated outstanding performance in driving traffic to Target stores. These brands are recognized for strong brand, content, and media strategies, packaging, and a consumer experience that drives repeat sales through product superiority.

Target is one of the largest retail chains in the United States, boasting over 1,900 stores across the country and generating approximately USD $100 billion in annual revenue. Known for its wide range of affordable products, from groceries and clothing to electronics and home goods, it caters to millions of American shoppers each week. An alternative to Walmart, Target has a distinct brand image, known for its clean stores, trendy merchandise, and iconic red bullseye logo.

This recognition is particularly special as New Zealand’s ZURU Edge brands were represented in 2 out of the 5 categories within consumables, and BONKERS was the only national, non-exclusive-to-Target brand to win across all categories.

Millie Moon Nappies are exclusive to Target in the US, and since launching in 2021, they have sold over 6.7 million packs, quickly becoming Target’s fastest-growing nappy brand. Millie Moon is the #1 most productive nappy brand at Target retailers, in both dollars and unit sales. Parents are passionate about Millie Moon nappies, as reflected in the 16,000+ 5-star reviews on Target.com, and best-in-class repeat purchase rates – In a Numerator study, Millie Moon holds the top spot for trip frequency within nappies, above Target’s other leading nappy brands.

BONKERS launched in October 2022 in response to the growing share of Millennial and Gen Z pet owners. The brand is part of the ZURU owned Rhodes Pet Science portfolio of brands and was built first-and-foremost to foster the bond between pets and their people, based on the insight that new generation pet parents expect more from their petcare brands. In just over 2 years, it has grown from a non-existent brand to one sitting on shelves in 13,500 stores across 3 countries with distribution points growing at 50% year-over-year. Within 1 week, it became the most-liked pet treats brand on TikTok globally, with over 80 million views on the BONKERS page and over 700 community posts under the #betterwhenitsBONKERS hashtag. The BONKERS award-winning marketing campaigns, matched with products that deliver on quality and affordable pricing have driven tremendous growth: 19% of total US industry cat treat growth last year with just 1.6% of shelf space. The momentum continues, with viral product BONKERS Purrpops hitting 8 of the top 25 emerging Google search terms against the topic ‘cat treat’ in the US. 

About Rhodes Pet Science:

Rhodes Pet Science is reimagining the future of pet care by engineering products that completely redefine what is possible. Its mission is to build a new generation of brands to better serve modern consumers: brands loved by pets and their people. Rhodes Pet Science’s portfolio of brands include: BONKERS, NOOD, Goodlands, Smart Box and Business Litter. Right now, Rhodes Pet Science is the fastest-growing pet food company in the world.

Rhodes Pet Science is proudly part of the ZURU Group. One of the fastest-growing consumer goods companies in the world, ZURU has established brands in 120+ markets worldwide, with a team of 5000+ employees based out of 26 global offices.

For more on Rhodes Pet Science, please visit: www.rhodespetscience.com  

About Millie Moon

Millie Moon launched in 2021 exclusively at Target in the US and expanded to Loblaws in Canada in 2023. The brand has made it their mission to provide a range of luxury nappies and sensitive wipes that are expertly crafted, luxuriously soft and designed to perform, all at an affordable price. They are passionate in their belief that every child deserves the best. Their award-winning products are available in over 2,000 stores in the US and Canada. As a company, they are also proud to support Reach Out and Read, an early literacy nonprofit helping children on their reading journey. 

For more on Millie Moon, please visit: https://mymilliemoon.com/

About ZURU

From its origins in toys, ZURU Group has grown to six consumer vertical brands, operating out of 26 offices worldwide, with products sold in 120+ markets.

ZURU is on a mission to disrupt across industries, challenge the status quo and catalyze change through radical innovation and automation advances. This is evident in different pillars of the company: ZURU Toys are reimagining what it means to play; ZURU Tech is reimagining the future of housing by leading the next building revolution; ZURU Edge is reimaging new generation FMCG brands to better serve modern household consumers. 

For more on ZURU, please visit: https://zuru.com/

For More Information:
Nicole Daley / Daley Public Relations
nicole@daleypr.com / 415.408.8664

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SOURCE ZURU Edge

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PropXP Launches, Redefining Prop Trading with Global Access

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PropXP Launches Global Prop Trading Platform, Empowering Traders with Flexible Challenges and Comprehensive Resources

HONG KONG, Nov. 10, 2024 /PRNewswire-PRWeb/ — PropXP, a new proprietary trading firm, is excited to announce its official launch on November 5, 2024, offering traders worldwide a unique and accessible approach to prop trading. With a focus on providing traders of all experience levels with attainable challenges and unparalleled resources, PropXP aims to reshape the prop trading landscape.

At PropXP, we’re breaking down barriers in prop trading to give every trader—from beginners to seasoned pros—the opportunity to succeed on their own terms. We’re here to empower and elevate the global trading community.

PropXP’s lineup includes both One-Step and Two-Step challenges, allowing traders to select a path that best aligns with their goals. Challenge prices range from just $30 for a $3,000 account up to $499 for a $100,000 account, making it possible for more traders to participate and advance their careers. Distinguishing itself from competitors, PropXP does not enforce a high watermark, a feature that allows traders to keep their focus on consistent growth without restrictive conditions.

“As we launch PropXP, our mission is clear: we aim to be the new gold standard for prop trading and open the doors for more traders than ever before to achieve their trading goals,” said Giorgos Piskopianos, CEO of PropXP. “Our accessible challenges, supportive trading resources, and commitment to providing realistic opportunities are at the heart of PropXP. We want to empower traders to reach new heights in their careers.”

In addition to its flexible challenge parameters, PropXP offers a comprehensive trading academy filled with educational resources, including in-depth tutorials and guides. With a commitment to accessibility, PropXP is poised to serve as a valuable platform for traders looking to refine their skills and achieve sustainable success in the financial markets.

About PropXP

PropXP is a global proprietary trading firm based in Limassol, Cyprus. Designed to support traders of all levels, PropXP provides accessible challenges, competitive trading conditions, and extensive educational resources. With a dedication to advancing prop trading, PropXP aims to empower traders worldwide.

For more information, please visit https://propxp.com

Media Contact

Giorgos Piskopianos, PropXP, 44 7789874973, social@propxp.com, https://propxp.com

Twitter, LinkedIn

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