Subscriber Identity Module Market Growth rate, Key Players, Forecast Period

The subscriber Identity module market will reach at an estimated value of USD 9.01 billion by 2028 and grow at a CAGR of 2.75% in the forecast period of 2021 to 2028. Rise in the rapid digitalization across the various industry verticals resulting in greater utilization of these products acts as an essential factor driving the subscriber Identity module market. Subscriber identity module (SIM) is also known as subscriber identification module, it is a type of chipset integrated into various devices and smartphones containing the unique international mobile subscriber identity (IMSI) number and associated identifiers so that the users of the chipset can be authenticated over their devices. Increase in the planned commercialization of 5G over the several regions of the world is a crucial factor accelerating the market growth, also rise in the penetration of 4G network offerings caused by a reduction in tariff of owning and maintaining a smartphone, rise in the demand for mobi...