Report Ocean published a recovery-based report for Global Embedded Subscriber Identity Module (E-SIM) Market that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Global Embedded Subscriber Identity Module (E-SIM) Market is valued at approximately USD 3.06 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 30.7% over the forecast period 2022-2029.
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Embedded Subscriber Identity Module (E-SIM) or eSIM can be defined as a digital SIM that allows users to use a cellular plan from a telecom carrier without having to use a physical nano-SIM. e-SIM works the same way as a traditional SIM card, and it is actually pre-installed in the device and can be activated by installing the “eSIM profile” of the telecom operator. The rise in adoption of IoT technology and growing penetration of connected devices are key factors driving the market growth.
Over the years penetration of connected devices has significantly increased. For instance, as per Statista – in 2020, the number of Internet of Things (IoT) devices worldwide was estimated at 9.7 billion, and the number of IoT connected devices is projected to grow to 29 billion in 2030. In 2030, the highest number of IoT devices would be around 5 billion would be in China. Also, favorable government regulations boosting M2M communications and an increase in mobile computing devices would create a lucrative growth prospectus for the market over the forecast period. However, the rise in privacy and security concerns associated with Embedded Subscriber Identity Modules (E-SIM) stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Embedded Subscriber Identity Module (E-SIM) Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players, and growing adoption of wearable electronics as well as increasing usage of eSIM in smartphones in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising penetration of IoT connected devices as well as growing expansion of machine-to-machine communication in the region.
Major market players included in this report are:
Thales (France)
STMicroelectronics (Netherlands)
Infineon Technologies AG (Germany)
Giesecke+Devrient Mobile Security GmbH (Germany)
NTT DOCOMO (Japan)
Sierra Wireless (Canada)
Orange Business Services (France)
SAMSUNG (North Korea)
Telenor Group (Sweden)
Telit (U.S.)
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Recent Developments in the Market:
In Nov 2021, KORE, a leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), launched KORE OmniSIM, a new eSIM solution that makes IoT connectivity more accessible and seamless across the globe.
Global Embedded Subscriber Identity Module (E-SIM) Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Application, Industry Vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below.
By Application
Connected Cars
Laptops
M2M
Smartphones and Tablets
Wearables
Others
By Industry Vertical
Automotive
Energy & Utilities
Manufacturing,
Retail
Consumer Electronics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Some Questions Answered in the Embedded Subscriber Identity Module (E-SIM) Market Report:
- What is the projected size of the global Embedded Subscriber Identity Module (E-SIM) market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Embedded Subscriber Identity Module (E-SIM) industry?
- What are the major market trends that are affecting the expansion of the Embedded Subscriber Identity Module (E-SIM) market?
- What obstacles must be overcome in order to achieve sustained growth in the Embedded Subscriber Identity Module (E-SIM) market?
- What opportunities and threats do vendors in the global Embedded Subscriber Identity Module (E-SIM) market face?
- What are the raw materials and manufacturing equipment used in the production of Embedded Subscriber Identity Module (E-SIM), and what is the manufacturing process?
- What are the different types and applications of Embedded Subscriber Identity Module (E-SIM), and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Embedded Subscriber Identity Module (E-SIM) market?
- What factors are driving the growth of the Embedded Subscriber Identity Module (E-SIM) market in the top regions worldwide?
- Who are the major players in the global Embedded Subscriber Identity Module (E-SIM) market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Embedded Subscriber Identity Module (E-SIM) market?
- What are the main findings of a five forces analysis of the global Embedded Subscriber Identity Module (E-SIM) market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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