eSIM Market : Industry Analysis, Size, Share, Growth, Trends and Forecast

SDKI Inc. published a new research report on "eSIM Market-Global Forecast 2030". The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2030 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-109525

The eSIM market is estimated to grow from a market value of US $ 570.5 million in 2022 to US $ 3,777.5 million by 2030, with a CAGR of 31.0% during the forecast period.

This market growth is due to the importance of remote SIM provisioning for M2M, favorable government regulations to support M2M communications, and the high adoption of IoT technology. In addition, eSIM technology has brought advances in the connected ecosystem by enabling secure Machine-to-Machine (M2M) communication. Therefore, eSIM provides secure, reliable and cost-effective cellular connectivity for IoT / M2M applications. This has led to increasing adoption of wireless cellular-based solutions such as eSIM in a variety of end-use industries. In addition, eSIM has several advantages over traditional SIM cards, such as support for multiple mobile operators, making subscription management easier for device end users. These factors are expected to contribute to market growth.

Market segment

The eSIM market is by application (connected cars, laptops, M2M, smartphones, tablets, wearables), by industry (automobiles, household appliances, energy and utilities, manufacturing, retail, transportation and logistics), and by region. It will be split separately. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the application, the smartphone segment is expected to grow at the largest CAGR between 2022 and 2030. Increasing permanent connections on smartphones and increasing demand for high-bandwidth applications are driving the adoption of eSIM on smartphones, which is expected to grow significantly over the next few years. Smartphone vendors are working to incorporate eSIM into their smartphone products to gain a competitive edge in the market. Smartphone makers are starting to collaborate with semiconductor companies to adopt this new technology.

Regional Overview

In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. The Asia Pacific region is expected to be the fastest growing region of the eSIM market during the forecast period. The adoption of smartphones is steadily increasing at APAC. Australia, Singapore and South Korea are the top three countries in the world in the region in terms of increasing smartphone adoption. In 2016, India overtook the United States as the world's second largest smartphone market after China.

Mobile internet penetration in Asia Pacific has doubled in the last five years. In addition, mobile operators are investing heavily to provide services at competitive prices. These factors are expected to drive the growth of the eSIM market in the region. In addition, increased investment across industries such as automotive, power generation and semiconductors is expected to further boost market growth in the Asia Pacific region.

For more detailed analysis, each region is further divided into countries:
Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific)
North America (US and Canada)
Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
Latin America (Brazil, Mexico, Argentina, and other Latin America)
Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Key Players in the Market

The major key players in the eSIM market are Deutsche Telekom AG (Germany), Gemalto NV (Netherlands), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), NTT DOCOMO, INC. (Japan). , NXP Semiconductors NV (Netherlands), Sierra Wireless, Inc. (Germany) Canada), Singapore Telecommunications Limited (Singapore), STMicroelectronics (Switzerland), Telefónica, SA (Spain). This survey includes a detailed competitive analysis of these major companies in the eSIM market, corporate profiles, recent developments, and key market strategies.

Details of the survey report
https://www.sdki.jp/reports/esim-market/109525

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SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.