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eSIM Market Size, Share, Growth and Trends, Demand, Report 2024-2031

09-12-2024 07:21 AM CET | IT, New Media & Software

Press release from: DataM Intelligence 4Market Research

eSIM Market || 2024-2031

eSIM Market || 2024-2031

The embedded SIM (eSIM) is a type of SIM that can host multiple connectivity profiles, as outlined by the GSMA. It enables secure over-the-air remote provisioning and allows for remote updates to keys and applications. eSIMs can either be soldered directly onto a device or be removable, and are sometimes referred to interchangeably with embedded Universal Integrated Circuit Cards (eUICC). However, there is a distinction between the two: the eUICC serves as the platform that supports running multiple security applications.

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Market Dynamics:

Growing IoT Device Connections

The surge in Internet of Things (IoT) device connections is a significant driver for the global eSIM market. With the number of IoT-connected devices expected to rise sharply from 13.7 billion units in 2021 to 30.8 billion units by 2025, the demand for eSIM technology is anticipated to increase substantially. IoT applications span various sectors, including connected cars, industrial equipment, and smart home devices, creating a vast need for seamless and efficient connectivity solutions. In contrast, non-IoT device connections, such as laptops, smartphones, and computers, are projected to reach just over 9.5 billion units by 2025, highlighting the dominant role of IoT in driving market growth. The expanding IoT ecosystem necessitates advanced connectivity solutions, fueling the growth of the eSIM market.

Segment Covered in the eSIM Market:

By Application: Connected Cars, Smart Homes, Smart Meters, Mobile Devices & Wearables, Laptops, Drones, Others.

By End-User: Automotive, Electrical & Electronics, Energy & Utilities, Industrial, Others.

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Key players involved in eSIM Market:

• Infineon Technologies AG
• NXP Semiconductors N.V.
• STMicroelectronics
• Deutsche Telekom AG
• Giesecke + Devrient Mobile Security GmbH
• Gemalto NV
• ARM Holdings
• KORE Wireless Group Inc.
• NTT Docomo Inc.
• Sierra Wireless

*Note:

• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Regional Analysis:

The eSIM Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The eSIM Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Related Reports:

Telecom Towers Market: https://www.datamintelligence.com/research-report/telecom-towers-market

Nanophotonics Market: https://www.datamintelligence.com/research-report/nanophotonics-market

Vibration Isolators Market: https://www.datamintelligence.com/research-report/vibration-isolators-market

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

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