Smart SIM Market: Brief Account
The demand for smart SIM Market is on rise owing to the rise in use of smartphones all across the world. Smart SIM cards are generally used in Global System for Mobiles (GSM) phones. However, using smart SIM cards with Code Division Multiple Access (CDMA) phones let them use Long Term Evolution (LTE) service. This is considered to be one of the primary reason driving the market as there are numerous CDMA phone users wanting to taste the LTE services, which is growing at a stupendous rate. Smart SIM cards allows additional storage, thus permitting users to expand their contacts. It provides 64 KB of storage which is sufficient to store around 500 contacts on your phone. Smart SIM cards allows user to easily activate international calling functionality. There are certain smart SIM cards which come in pre activated international roaming functionality, eradicating the need for activating international calling functionality.
Some of the major players in the market are:
Oasis Smart SIM, Bharti Airtel, Tata DoCoMo, Vodafone Group plc, Idea Cellular, Sierra Wireless, Telefónica UK Limited, Orange, Oberthur Technologies, Babilon-Mobile, and Altel Communications Sdn Bhd,
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The global smart SIM market can be classified on the basis of forms. Regular SIM, nano SIM, and micro SIM are three forms, of which regular SIM holds the major share owing to rise in mobile devices which provides regular SIM card slots.
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Smart SIM Market – Trends and Opportunities
Major factor helping the global smart SIM market to grow at a stupendous rate is the deep penetration of smartphones in most of the regions. Developed countries have almost 100 % of mobile penetration thus creating a lucrative growth opportunities for the market. Rise in disposable income along with rising awareness regarding the benefits associated with smartphones have significantly helped the developing countries to exhibit a decent growth in the uptake of smartphones.
Rise in number of international travelers along with international based business activities has boosted the sales of smart SIM throughout the world. Another reason helping the market to expand is brank transactions that smart SIM allows users to do. Smart SIM cards have personal unblocking key and personal identification number that aids in establishing a secure connection with banks. Phone banking activities have increased significantly over the years, due to its convenience, smart SIM card users can pay their bills with the help of their SIM cards from their banks. Smart SIM cards being faster in comparison to conventional SIM cards, have helped to increase the transaction speed, thus evading time consumption. Smart SIM Cards can also be used in data devices such as iPad, thus grabbing attention of more users.
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