eSIM Market is set to Fly High Growth in Years to Come | IDEMIA, Workz, KORE Wireless
According to HTF Market Intelligence, the Global eSIM market to witness a CAGR of 16.5% during forecast period of 2023-2028. The market is segmented by Global eSIM Market Breakdown by Application (Connected Cars, Laptops, M2M, Smartphone, Tablets, Wearables, Others) by Type (Consumer Device, Smartphone, Tablates, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The eSIM market size is estimated to increase by USD 31315.1 Million at a CAGR of 16.5% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 10843.5 Million.
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An eSIM, or embedded SIM, is a type of SIM card that is embedded directly into a device, such as a smartphone, tablet, or wearable. Unlike traditional SIM cards, which are physical cards that need to be inserted into a device, eSIMs are built into the device and can be programmed remotely.
The eSIM market refers to the market for products and services related to eSIM technology. This includes eSIM-enabled devices, such as smartphones, tablets, and wearables, as well as eSIM management services, such as mobile network operator (MNO) profiles, remote SIM provisioning platforms, and eSIM-enabled subscription services.
The eSIM market has been growing rapidly in recent years as more devices become eSIM-enabled and as the technology is adopted by more MNOs and mobile virtual network operators (MVNOs). The benefits of eSIM technology include increased flexibility, as users can switch between different carriers and plans without needing to physically swap out a SIM card, and improved security, as eSIMs are more difficult to hack or clone than traditional SIM cards.
eSIM market – Key Segment Analysis
The market share growth by the by Type (Consumer Device, Smartphone, Tablates, Others) segment will be significant during the forecast period. The segment is driven by the Increase in Demand for M2M Services, Growth in Adoption of IoT.
eSIM market – Competition Analysis
The global eSIM market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are ARM Holdings (United Kingdom), Deutsche Telekom AG (Germany), Giesecke+Devrient Mobile Security GmbH (Germany), Gemalto NV (Netherlands), Infineon Technologies AG (Germany), KORE Wireless Group (United States), NXP Semiconductors N.V. (Netherlands), Sierra Wireless (Canada), STMicroelectronics (Switzerland), Workz Group (UAE), IDEMIA (France).
eSIM market – Geographical Outlook
North America will provide maximum growth opportunities in eSIM market. According to our research, the region will account for xx% of the global market growth during the forecast period. The market in North America is driven by Smartphone is Expected to Witness Significant Growth.
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What key data is demonstrated in this eSIM market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the eSIM market between 2023 and 2028
- Precise estimation of the size of the eSIM market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of eSIM market players
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Some Extracts from Table of Content
Some Extracts from Table of Content
– Overview of eSIM Market
– Market dynamics
Growth Drivers, Market Trends, Opportunities and Challenges
– Five Forces Analysis
Bargaining power of buyers, bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry
– eSIM Size (USD & Sales Volume) Comparison by Type (2017-2028)
– eSIM Size (USD & Consumption) and Market Share Comparison by Application (2017-2028)
– eSIM Size (Value & Volume) Comparison by Region (2017-2028)
– Market Capacity, Production, Export-Import by Region (2017-2022E)
– eSIM Market Sales, Revenue and Growth Rate (2017-2028)
– Competitive Situation and Trends
– Market Positioning and Share Analysis (2020-2022E)
– Suppliers High-Performance Operational Base Distribution
– Analyse competitors, Profiles, Sales Area, Product Category
– eSIM Cost Analysis
– Marketing Strategy Analysis
– Research Conclusions
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