The Global eSIM Market Size to Grow from USD 9 Billion in 2021 to USD 17.56 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 7% during the forecast period.
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This device empowers users to control multiple devices simultaneously and offers the convenience of remote operation. With the choice of both soldered and detachable versions, users of eSIMs experience seamless connectivity without the need for SIM card changes. The universal integrated embedded card, with a length of less than 6mm, allows users to access multiple network providers simultaneously, contributing to the growing demand for eSIM technology.
The eSIM market is gaining popularity due to its unique qualities and widespread acceptance across various verticals, particularly driven by its M2M (Machine-to-Machine) features. Predictions indicate that in the coming years, Internet of Things (IoT) devices will surpass mobile phones, with eSIM playing a crucial role in ensuring proper functionality. The automotive industry has witnessed significant advancements through eSIM integration, providing various connectivity options for trucks and cars. This has led to access to new features and capabilities, with the expectation that all cars will soon be cellular-enabled, enhancing the driving experience through cutting-edge connected services.
Despite these advancements, challenges exist, particularly in terms of security. The operational flexibility offered by eSIM can be compromised if security is breached, given the vulnerability of Mobile Network Operators’ credentials stored in the device’s internal software. The diverse network service providers in the running chain of these systems pose challenges in monitoring their security effectively.
Moreover, the lack of technical expertise presents a barrier to the growth of the eSIM sector. While it is widely used in various applications such as laptops, M2M, and connected cars, requiring more technical understanding, the market faces inefficiencies and limitations in the absence of skilled personnel. Poor market management can further hinder the industry’s growth rates.
In terms of market segmentation, the connectivity segment is dominating the market over the forecast period, with more people utilizing eSIM for M2M connections, contributing to network operators’ revenue through subscription services. The M2M segment holds the highest market share over the forecast period, driven by increased eSIM technology adoption in M2M communication within the automotive industry, particularly in connected automobiles. This trend is expected to simplify production processes and foster the expansion of the connected car market, leading to broader adoption of M2M and IoT technology across various industries.
Key Market Segments:
eSIM Market, By Solution
- Hardware
- Connectivity Services
eSIM Market, By Application
- Consumer Electronics
- M2M
Major listed Vendors: Singapore Telecommunications Limited, Telephonic, S.A, Deutsche Telekom AG, NTT DOCOMO INC, Giesecke & Devrient GmbH, STMicroelectronics, Infineon Technologies AG, NXP Semiconductors N.V, Gemalto NV and Other Key Vendors.
By region:
- North America (US, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia, Rest of Europe,)
- Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, and Rest of Middle East & Africa)
Competitive analysis:
The competitive analysis section of the Global eSIM Market research report provides a detailed study of the competitive landscape within the market. It aims to identify and assess key market players, their strategies, and their impact on overall market dynamics. Each company’s profile provides insight into its business profile, product portfolio, geographic presence, and recent developments. This information helps stakeholders to gain a comprehensive understanding of market participants and their capabilities.
In addition, competitive analysis examines the market share held by each major player and assesses their position within the market. Assessing relative market strength considers factors such as revenue, market capitalization, and market share growth over time. By understanding the distribution of market shares, industry participants can identify key players and their market power.
Browse key industry insights spread across 209 pages with 119 market data tables and figures & charts from the report “Global eSIM Market Size, Share, and COVID-19 Impact Analysis, By Solution (Hardware, Connectivity Services), By Application (Consumer Electronics, M2M), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030) Global eSIM Market Insights Forecasts to 2030.”
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Global eSIM Market research report aims to answer the following key questions:
- What are the main products/services offered in the market and how are they evolving to meet changing consumer demands?
- What are the key technological advances and innovations impacting the market and how will they affect the competitive landscape?
- What are the key distribution channels and marketing strategies market players employ to effectively reach their target audience?
- What are the price trends in the market, and how do prices change across different product segments and geographies?
- How will changing demographic patterns, such as age groups and income levels, affect consumer behaviour and market demand?
- What are the key cost factors and factors that influence the profitability of companies in the Global eSIM Market?
- How will sustainability and environmental considerations affect consumer preferences and market growth in this sector?
- What are the investment opportunities and challenges for new entrants and investors looking to enter the market?
- How do government policies and regulations impact market dynamics and shape industry strategies?
- What are the current supply chain trends and challenges in the market, and how do they affect product availability and pricing?
- What are the levels of customer satisfaction and loyalty within the market, and how do market participants differentiate in terms of service quality?
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