Press release
ESIM Market Analysis, Development Trends, Driving Forces & Opportunities
The global eSIM market is expected to reach USD 7,337.2 million by 2021 at a CAGR of 8.5% from 2022 to 2030.Market Definition:
A hardware chipset that is permanently embedded into a device is referred to as an eSIM or embedded SIM. It is a small chip used to activate a mobile plan, verify user identity, and store data as well as multiple operator profiles on a device simultaneously. It is widely used in tablet computers, smartphones, laptop computers, connected vehicles, and machine-to-machine (M2M) operations. eSIM has several advantages, including the ability to support multiple mobile carriers, eliminate the need for specific slots, take up less space, and be easier to activate.
With the advent of eSIM in the automotive sector, trucks and vehicles now have a great deal of choice when it comes to cellular connectivity while also being able to access new features and capabilities. It is anticipated that all automobiles will be cellular-enabled over the next several years, improving the driving experience thanks to cutting-edge connected services. Through the implementation of the GSMA Embedded SIM specification to improve vehicle connection, the automotive industry recently made a significant advancement in enabling the next generation of connected cars. As a result, security for various linked services is supposed to be improved.
The eSIM-enabled systems provide remote SIM profile provisioning in addition to automated interoperability across different SIM carriers and connecting platforms. The operational chain includes several network service providers, making it difficult to manage the security of these systems.increased intricacy. The eSIM collects and stores Mobile Network Operators' (MNOs') credentials in the device's built-in software, leaving them open to security lapses. Additionally, the use of eSIM across a variety of physical platforms and MNOs exposes it to a number of risks related to virtual environments. As a result, if security is compromised, the operational flexibility offered by eSIM may be rendered useless, preventing market development.
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Global eSIM Market: Major Players
EE
China Unicom
China Mobile
T-Mobile USA
Truephone
AT&T
O2
Internet Initiative Japan Inc.
Verizon Wireless
3HK
Global eSIM Market: By Types
Automotive
Consumer Electronics
Energy & Utilities
Manufacturing
Retail
Transportation & Logistics
Global eSIM Market: By Applications
Smartphones
Wearables
Connected Cars
Laptops
Tablets
Others
Global eSIM Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global eSIM market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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