Global eSIM Market is valued around USD 7595.6 Million in 2020 and expected to reach USD 21596.7 Million by 2027 with the CAGR of 16.1% over the forecast period.
Global eSIM Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2021-2027– Rising adoption of Internet of Things (IoT) device or technology, growing demand for eSIM solution for (M2M) application and increasing technological advancements in this field are driving the growth of Global eSIM Market.
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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.
Global eSIM Market Segmentation:
- Connected Cars
- Others (Drones, Smart Meters, Smart Grids)
- Consumer Electronics
- Energy & Utilities
- Transportation & Logistics
Key Players for Global eSIM Market Report
- Deutsche Telekom AG
- Gemalto NV
- Giesecke & Devrient GmbH
- Infineon Technologies AG
- NTT DOCOMO, INC.
- NXP Semiconductors N.V.
- Sierra Wireless, Inc.
- Singapore Telecommunications Limited
- Telefónica, S.A.
News: EMnify Launched eSIM for Developers, Kick-Starting End-to-End IoT CPaaS Development in Minutes – Instead of Days
On June 22nd, 2021; EMnify announced the arrival of eSIM for evaluation clients, empowering IoT designers to join and create with the EMnify API promptly, anyplace on the planet. With the eSIM option, EMnify plans to accelerate time-to-market of IoT ventures and make life simpler for engineers. The eSIM allows clients to introduce EMnify’s worldwide SIM profile on a viable device in seconds without requesting and swap physical SIM cards. IoT engineers could join on the EMnify platforms and request a free assessment package with IoT SIM cards and a prepaid balance to evaluate network services and all accessible stage highlights for 60 days.
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.
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.
Key Benefits for Global eSIM Market Report –
- Global eSIM Market report covers in depth historical and forecast analysis.
- Global eSIM Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global eSIM Market report helps to identify opportunities in market place.
- Global eSIM Market report covers extensive analysis of emerging trends and competitive landscape.
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