ESIM Market Size, CAGR 15.30%, Industry Analysis, Trends, Major Players and Forecast 2022-2029

A high quality ESIM Market analysis report is structured with full commitment and transparency in research. This Market report offers CAGR value fluctuation during the forecast period of 2022-2029 for the market. The report provides statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. Market share analysis and key trend analysis are the two other major success factors of this Market report. Competitive analysis covered in this influential ESIM  Market report helps to get ideas about the strategies of key players in the market.

A strong research methodology used in the large scale ESIM  Market report consists of data models that include Market Overview and Guide, Vendor Positioning Grid, Market Time Line Analysis, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. The most relevant, unique and creditable global ESIM Market research report is brought for valuable customers and clients depending upon their specific business needs. The worldwide ESIM Market report is generated with the systematic gathering and analysis of information about individuals or organizations which is conducted through social and opinion research.

The eSIM market is expected to witness market growth at a rate of 15.30% in the forecast period of 2022 to 2029 and is expected to reach USD 26012.08 million by 2029. Data Bridge Market Research report on eSIM market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the number of IoT connected devices in different end-use verticals is escalating the growth of eSIM market.

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Key Players Mentioned in the ESIM Market Research Report:

STMicroelectronics, Telefonica, S.A, KORE Wireless, ARM Ltd., Apple Inc., AT & T Intellectual Property, Etisalat, Cisco Systems, Inc., IDEMIA, SAMSUNG, Deutsche Telekom AG, Giesecke and Devrient GmbH, NTT Docomo Inc., Infineon Technologies AG, NXP Semiconductors, Sierra Wireless and Singapore Telecommunication Limited

Global E-Sim Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

RAPID ADOPTION OF IOT-CONNECTED DEVICES IN CONSUMER ELECTRONICS AND M2M APPLICATIONS

IoT devices, which include numerous devices on the Internet of things, are nonstandard computing devices that may connect wirelessly to a network and transmit data (IoT). IoT entails expanding internet connectivity to a variety of conventionally "dumb" or non-internet-enabled physical items and daily things in addition to regular devices, including desktops, laptops, smartphones, and tablets. These gadgets may connect and communicate online since they are technologically embedded. They can also be watched over and managed from a distance.

INCREASING DEMAND FOR CONNECTED CARS IN THE AUTOMOBILE INDUSTRY

Traffic control is another common area where M2M communication can be seen. A traffic system collects data related to the speed and volume of the traffic with the help of various sensors and sends this information across the computers that control the devices, such as signals and lights. The cameras installed on the traffic signals also collect data about the vehicles not following the traffic rules and send pictures to the software, which then sends challan receipts to the defaulters via the number registered in the traffic department. Through this, the entire information of the driver can be taken out, i.e., address, age, and sent challan directly to their phone number, no matter the driver's current location since e-sim works globally.

E-SIM Market

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Opportunities

THE INCREASING USE OF IOT AND THE LAUNCHING OF 5G TECHNOLOGY

E-sim is considered a promising future to develop cognisant with IoT and 5G technology. There has been great awareness regarding the developments in e-sim in the market among consumers. E-sim is not just an evolution in SIM card technology from physical to digital; it is promised to have a great impact and value addition on the Internet of things (IoT). e-sim has enabled many original equipment manufacturers (OEMs) to advance their products in building a range of products that are flexible and has global deployment, especially in Industrial IoT, which includes sensors, processors, systems, and platforms; e-sim's will be used by businesses to create greater operational efficiencies and other industry-specific use cases.

GROWING NEED FOR INNOVATIVE CONSUMER ELECTRONICS

Innovative product designs in consumer electronics, such as smartwatches, have created ample opportunities to adopt e-sim technology on a mass scale. The sleek product designs, often needing to be fully sealed and waterproof, could not adequately accommodate traditional SIM cards and their SIM slots. E-sims offered a seamless solution. The continued development of smart devices, such as tablets and smartphones with sleeker, smaller designs, will fuel the rise of e-sim technology in consumer devices.

Restraints/Challenges

SECURITY THREATS ASSOCIATED WITH E-SIM

Nowadays, data security has become more important than ever, leaving many people curious about who handles data security. If the phone stops working, runs out of battery, or falls and gets its screen, communication is brought to a complete standstill with e-sims. Traditional SIMs, meanwhile, can be quickly pulled out of the affected phone and into another backup device or secondary phone.

LACK OF CONSUMER AWARENESS

The e-sim market continues to grow; while this is true, it has been found that consumer awareness about technology worldwide is significantly less. Things are moving fast for the e-sim market to gain pace; many wireless device manufacturers are launching a product with embedded SIM cards. But for this market to gain real traction globally, it will be of utmost importance for the consumers to become aware of the technology and its advantages. This poses a major challenge for the manufacturers to overcome for wide scale adoption.

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Based on types, the ESIM Market Segmentations

On the basis of application, the eSIM market has been segmented into connected cars, laptops, M2M, Smartphones, tablets, wearables and others. Others is further sub segmented drones, smart meters and smart grids.

On the basis of vertical, the eSIM market has been segmented into automotive, consumer electronics, energy and utilities, manufacturing, retail, transportation and logistics.

Global ESIM Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2022-2029):
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

 The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

ESIM Market : Key Questions Answered in the Report:

-How has the rapidly evolving business environment become an important growth engine for the ESIM  market?
-What are the underlying macroeconomic factors that impact the growth of the ESIM  market?
-What are the key trends that constantly shape the growth of the ESIM   market?
-What are the prominent regions that offer abundant opportunities for the ESIM  market?
-What are the key differential strategies adopted by key players to control a significant part of the global market share?

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The report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments. It provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries.

Benefits:

This research offers a comprehensive analysis of current trends, projections, and dynamics for the years, with the goal of assisting in the identification of current market opportunities.
The individual market revenue of the major countries in each area is mapped.
The research examines the ESIM market circumstances on a regional and country-by-country basis.
The ESIM market's major participants have been identified.
To understand the competitive environment across geographies, this study assesses the competitive landscape and conducts a value chain analysis.
An in-depth analysis of the ESIM market's segmentation within the market has been offered, which is predicted to aid in the current market opportunities.

 

Table of Contents

Part 01: Executive Summary
Part 02: Scope of the ESIM Market Report
Part 03: Global ESIM Market Landscape
Part 04: Global ESIM Market Sizing
Part 05: Global ESIM Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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