As per the report "Sim Cards Market" By Type ( DES, 3DES & AES ), By Application ( Mobiles Phones, Tablet & Wearable Device), Estimation & Forecast, 2016-2024. In 2016, the AES segment generated the highest revenue share in the global SIM card market. Among major regions, China was the highest revenue generating market accounting nearly 25% of the global market share in 2016.
“Factors such as high dependency on electronic devices, urbanization and increasing trend of social networking are majorly responsible for the hiking demand of SIM cards. However, the emergence of E-SIM might act as a hindrance to the growth of the market”.
SIM Cards with AES exhibit greater acceptance among end users, holding nearly 1/3rd share of the global market
AES, also called as Advanced Encryption Standard, is an effective solution that is easily implemented in hardware and software, as it provides defensive solutions against various attacks. Moreover, the vulnerability of DES to brute- force attacks is leading to the development and advancement of Advanced Encryption Standard. The flexibility of the algorithm, high security strength, and simplicity of implementation render growth opportunities to this market segment. The AES SIM card market is expected to grow with a CAGR of 8.7% during the forecast period of 2017-2022.
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“Factors such as high dependency on electronic devices, urbanization and increasing trend of social networking are majorly responsible for the hiking demand of SIM cards. However, the emergence of E-SIM might act as a hindrance to the growth of the market”.
SIM Cards with AES exhibit greater acceptance among end users, holding nearly 1/3rd share of the global market
AES, also called as Advanced Encryption Standard, is an effective solution that is easily implemented in hardware and software, as it provides defensive solutions against various attacks. Moreover, the vulnerability of DES to brute- force attacks is leading to the development and advancement of Advanced Encryption Standard. The flexibility of the algorithm, high security strength, and simplicity of implementation render growth opportunities to this market segment. The AES SIM card market is expected to grow with a CAGR of 8.7% during the forecast period of 2017-2022.
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