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.
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.
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.
The COVID-19 outbreak caused significant disturbance in key industries like semiconductors, automotive, consumer electronics, and IT foundation. Restrictions imposed by government to reduce the risk of infection may result in processing plant closures, trade bans, border blockages and travel boycotts have influenced the manufacture and sale of a variety of consumer and electronic components. The worldwide electronics and semiconductor industry is one of the top industries facing genuine interruptions because of production network and manufacturing issues. However, the rise of COVID-19 is required to offer beneficial development opportunities for major players in the worldwide eSIM market. Also lockdown and work from home measures have expanded the interest for tablets, smartphones, smart watches, and laptops.
Global eSIM market is segmented into application, vertical and region & country level. Based on application, the market is segmented into connected cars, laptops, m2m, smartphones, tablets, wearable’s and others (drones, smart meters, and smart grids). Based on vertical, the market is segmented into automotive, consumer electronics, energy& utilities, manufacturing, retail, transportation & logistics and others.
The regions covered in this global eSIM market report are North America, Europe, Asia-Pacific and Rest of the World. Based on country level, market of global eSIM is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global eSIM market report covers prominent players like 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. and others.
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. 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.
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.
Middle East and Africa
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