Growing At 16.1% CAGR, ESIM Market Size is Projected to Exceed USD 21596.7 Million by 2027
ESIM Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate ESIM Market place for the forecast 2021– 2027.
Scope of The Report:
The eSIM (Embedded Subscriber Identity Module) is type of programmable SIM card that is installed straightforwardly into a gadget. The eSIM supports the entire ordinary network like 4G/5G, similar as the customary physical SIM. Embedded SIM discovers its applications in associated vehicle, wearables, tablet, cell phones, laptop M2M, and numerous others. These kinds of SIM cards are inbuilt into devices and can’t be eliminated. It depends on secure wireless remote SIM provisioning, which permits supporters of register remotely with network suppliers without a current SIM card. The eSIM helps make these associated devices work and supports new kinds of devices with less harm. Wearables are a classification that derives huge advantages from eSIMs, as it makes up for occupying additional space and harming the wearable’s battery size by joining physical simulations that are more imperative to the device. Vehicle manufacturers are utilizing eSIM permit clients to rapidly associate their vehicles to cell phones. Laptop exploits the expansion of eSIM while offering brands and affiliates the chance to up-sell or cross-cell through adaptable information packages.
ESIM Companies
The major players added in the global ESIM market forecast are,
- Deutsche Telekom AG
- Gemalto NV
- Giesecke & Devrient GmbH
- Infineon Technologies AG
- NTT DOCOMO INC.
- NXP Semiconductors N.V.
- Sierra Wireless Inc.
- Singapore Telecommunications Limited
- STMicroelectronics
- Telefónica S.A.
Rising Adoption of Internet of Things (IoT) Device or Technology, Growing Demand for eSIM Solution for (M2M) Application and Increasing Technological Advancements Drive the Market Growth
One of the major factors driving the growth of global eSIM market is rising adoption of internet of things (IoT) device or technology. With innovative progressions, access of IoT devices turns out to be progressively important to guarantee secure and consistent communication among associated systems. For instance; in April 2020, Tata Communication and Infineon Technologies dispatched an eSIM solution for IoT gadgets and applications. The eSIM permits manufactures to convey items capable for global use, rather than conveying specific variants for specific business sectors. In addition, growing demand for eSIM solution for (M2M) application is also supplementing the market growth. The eSIM innovation has prompted progressions in the associated environment by empowering secure Machine-to-Machine (M2M) correspondence. Thus, eSIM offers dependable, secure, and cost-proficient cell network for IoT/M2M applications.
Furthermore, increasing technological advancements in this field are also fostering the market growth. For instance; in September 2018, STMicroelectronics founded an exceptionally coordinated portable security arrangement ST54J. It is a system on-chip (SoC) IC that contains NFC controller and eSIM. Single-chip ST54J confirms quicker contactless association than a discrete chipset and information exchange among the protected component and NFC controller. However, lack of technical expertise and privacy and security concerns may hamper the global eSIM market growth. In spite of that, growing demand for smart solutions and increasing adoption of wearable electronics devices can offer more opportunities for the further growth of the global eSIM market.
Key Market Segments:
By Application:
- Connected Cars
- Laptops
- M2M
- Smartphones
- Tablets
- Wearable’s
- Others (Drones, Smart Meters, Smart Grids)
By Vertical:
- Automotive
- Consumer Electronics
- Energy & Utilities
- Manufacturing
- Retail
- Transportation & Logistics
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
North America is Expected to Dominate Global eSIM Market
North America is expected to dominate the global eSIM market due to strong presence of network providers, growing technological advancements and presence of key players in this region. For instance; in February 2020, U.S. software organizations MobileIron Inc. and IDEMIA reported help for Windows 10 venture gadgets with eSIM. Also, increasing advancement in technology may drive the market growth in this region. For example, in December 2018, AT&T, first U.S. transporter which included eSIM their iPhones XS and XR which permit telephones to be associated with two organizations immediately.
Asia-Pacific region is expected to witness a lucrative growth in the global eSIM market due to increasing demand for smart solutions like electric vehicles, smart cities and growing adoption of consumer electronics Solutions in this region. Rising adoption of consumer electronics solutions such as tablets, laptops, smart watches, and smartphones may drive the growth of market in this region. For example, in September 2020, OPPO launched its first Smartwatch with Thales’ eSIM arrangements. Thales’ eSIM permits users to enjoy in an easily advanced experience by enacting a portable membership remotely and stay associated without tying it to a cell phone.
This comprehensive report will provide:
- Enhance your strategic decision making
- Assist with your research, presentations and business plans
- Show which emerging market opportunities to focus on
- Increase your industry knowledge
- Keep you up-to-date with crucial market developments
- Allow you to develop informed growth strategies
- Build your technical insight
- Illustrate trends to exploit
- Strengthen your analysis of competitors
- Provide risk analysis, helping you avoid the pitfalls other companies could make
- Ultimately, help you to maximize profitability for your company.