The global Esim market was valued at USD 1.68 billion in 2022 and expected to grow at a CAGR of 8.1% during the forecast period.
The E-Sim makes it possible to operate an electronic gadget as soon as it is turned on. Because the E-Sim is rewritable, the end-user can select a local pre-paid phone number when travelling abroad to avoid incurring expensive roaming fees. Logistics and support for service providers are made simpler by eliminating SIM card management at the consumer level. E-Sim providers create new business opportunities by extending mobile connectivity to a number of new consumer-connected items. OEMs and designers may develop new goods that are smaller, waterproof, and dust-resistant. The process of switching carriers is greatly streamlined using embedded sim (E-Sim) technology.
5G technology is designed to connect with everything and offer faster internet access because to improvements in reliability, availability, and latency. The consumer and IoT markets are encouraged to grow by embedded SIM cards with 5G capabilities. For instance, more than 50 of the 60 integrated SIM-enabled smartphones released in 2023 have 5G technology, according to the GSMA Intelligence Report 2023. Samsung and Apple, two of the top firms, respectively released 19 and 15 models. Market expansion is facilitated by the digitization of the user experience and the accessibility of data analysis and automation made possible by the integration of an embedded SIM and 5G technology.
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• Telefónica
• Semtech Corporation
• Giesecke+Devrient GmbH
• AT&T
• Orange
• Arm Limited
• KORE Wireless
• Workz
• Oasis Smart-SIM
• Vodafone Group
• STMicroelectronics
• Thales
• Deutsche Telekom AG
• NXP Semiconductors
• Infineon Technologies AG
• Telit
• IDEMIA
• TP Global Operations Limited
• Sinch
• Singtel
• Others
By Component
• Hardware
• Services
• Voice
• SMS
• Data
• Less Than 2GB
• 2GB-5GB
• 5GB-10GB
• 10GB-25GB
• More Than 25GB
• M2M E-SIM Architecture
• Consumer Electronics E-SIM Architecture
• Pay As You Go Sims
• Pay Monthly Sims
• Public
• Private
• Mobile Phones
• Tablets
• Laptops
• Wearables
• Smart Meters
• IoT
• Consumer Electronics
• Automotive
• Manufacturing
• Retail
• Energy and Utilities
• Transportation & Logistics
• Residential
• Sports & Entertainment
• Agriculture
• others
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Market Trends:
The automotive industry has seen substantial expansion all over the world, which is good news for the market. eSIMs are utilised in a variety of linked vehicle infotainment systems, including navigation, telematics, and assisted driving. Additionally, the increased use of products in M2M operations and wireless communication applications, which demand less space, is promoting market expansion. The deployment of numerous government efforts to promote M2M communications globally further supports this. In addition to this, the addition of other analytical solutions, such as speed, security, fuel level warnings, maintenance temperature, and battery notifications in eSIMs for a better customer experience, are bolstering the market’s expansion.
The epidemic has also caused a change in consumer priorities, with many consumers placing a higher priority on cost-savings and financial security than on embracing new technologies. Due to the fact that eSIM-based services frequently call for buying new hardware or paying additional costs, this has made it harder for mobile network operators to persuade customers to switch. In conclusion, depending on the industry or market, the COVID-19 epidemic has either sped up or retarded the adoption of eSIM technology. Although there are certain barriers to widespread acceptance, eSIM technology still has a lot of long-term potential, and it is likely that in the years to come, we will continue to witness growth and innovation in this field.
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