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Travel eSIM Market to Reach USD 734 Million by 2030 with a CAGR of 12.4% | Holafly, Airalo and Simify

09-30-2024 03:47 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: QYResearch.Inc

Travel eSIM Market

Travel eSIM Market

Travel eSIM Market Analysis and Latest Trends -

According to QYResearch New Study Report 'Travel eSIM Market 2024' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to the particular difficulty. The correct methodology and staff will be matched to the company need through marketing reports, which may involve survey work, in-depth interviews, or a combination of methodologies. also qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Travel eSIM market. We have also focused on SWOT, PESTLE, and Porter's Five Forces analyses of the global Travel eSIM market.

The global Travel eSIM market was valued at US$ 326 million in 2023 and is anticipated to reach US$ 734 million by 2030, witnessing a CAGR of 12.4% during the forecast period 2024-2030.

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A travel eSIM is a digital SIM card that allows travellers to easily connect to local mobile networks while abroad without having to physically change their SIM card. This technology enables travellers to stay connected, make calls, send messages, and use data without incurring expensive roaming charges. Travel eSIMs can be easily downloaded and activated on compatible devices, providing a convenient and cost-effective solution for staying connected while traveling.

The core manufacturers of global Travel eSIM include Holafly, Airalo and Simify. The top three companies have a market share of about 43%. Asia Pacific is the world's largest Travel eSIM market with a market share of around 40%, followed by North America and Europe with a market share of 28% and 20%, respectively. In terms of product type, 4G is the largest segment with approximately 74% market share. In terms of application, Leisure Travel is the largest downstream segment, accounting for about 67% of the market share.

Advantages of Travel eSIM:

Convenience: Travel eSIM allows travellers to easily switch between different mobile networks without having to physically change SIM cards.

Cost-effective: Travel eSIM can often be more cost-effective than traditional roaming plans, as users can easily purchase local data plans for specific countries they are visiting.

Flexibility: Travel eSIM offers flexibility in terms of data plans and network options, allowing travellers to choose the best option for their needs.

Easy activation: Travel eSIM can be easily activated and set up on compatible devices, without the need to visit a physical store or wait for a SIM card to be delivered.

Disadvantages of Travel eSIM:

Limited compatibility: Not all devices support eSIM technology, which can limit the availability of travel eSIM options for some travellers.

Network coverage: Travel eSIM may not offer the same level of network coverage as traditional SIM cards, especially in remote or rural areas.

Data restrictions: Some travel eSIM plans may have data restrictions or limitations, which could result in additional charges if users exceed their data limits.

Security concerns: There may be security concerns associated with using eSIM technology, such as the risk of hacking or unauthorized access to personal information.

Who are the World's Largest Manufacturers of Travel eSIM?

Holafly
Airalo
Bouygues Telecom
Ubigi
Vodafone
Matrix Cellular
Airhub
Flexiroam
Sakura Mobile
Sim Local
Drimsim
Mayamobile
TravelSim
Simify
Sim Options
OneSimCard(Belmont Telecom Inc)
BNESIM
TSimTech
Sparks
AloSIM
eSIM Japan
GoMoWorld

Detailed of Travel eSIM Market Segmentation: -

Segmentation By Type :-

4G
5G

Segmentation By Application : -

Business Travel
Leisure Travel
Study Abroad
Others

Regional Analysis of Travel eSIM Market:-

The Travel eSIM Market provides a diverse geographical landscape, with several areas exhibiting unique market characteristics. While some locations see rapid growth due to factors like economic expansion and technical advancements, other regions may experience slower but more consistent market expansion. Market trends vary greatly throughout regions due to factors including cultural influences, legal frameworks, and population developments. Businesses looking to go global must understand these regional differences and adjust their strategy to take advantage of local opportunities.

The primary research and secondary research of the analysis is the competitive landscape that exists between the top players present in the industry. An inventory of the actions the businesses have done in the previous years is included in the report. Growth statistics for the regional markets have been included in the research, along with a list of the key countries driving regional growth, including North America, Europe, China, Japan, Southeast Asia, and India.

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Table of Contents with Major Points:

1. Executive Summary

1.1. Market Analysis
1.2. Global & Segmental Market Estimates & Forecasts, 2024-2030 (USD Billion)
1.2.1. Travel eSIM Market, by Region, 2024-2030 (USD Billion)
1.2.2. Travel eSIM Market, by Type, 2024-2030 (USD Billion)
1.2.3. Travel eSIM Market, by Application, 2024-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

2. Global Travel eSIM Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

3. Global Market Dynamics

3.1. Travel eSIM Market Impact Analysis (2024-2030)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

4. Global Industry Analysis

4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2024-2030)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

5. Global Market, by Type

5.1. Market Analysis
5.2. Global Travel eSIM Market by Type, Performance - Potential Analysis
5.3. Global Travel eSIM Market Estimates & Forecasts by Type 2024-2030 (USD Billion)
5.4. Travel eSIM Market, Sub-Segment Analysis

6. Global Market, by Application

6.1. Market Analysis
6.2. Global Travel eSIM Market by Application, Performance - Potential Analysis
6.3. Global Travel eSIM Market Estimates & Forecasts by Application 2024-2030 (USD Billion)
6.4. Travel eSIM Market, Sub-Segment Analysis
6.4.1. Others

7. Regional Analysis

7.1. Travel eSIM Market, Regional Market Analysis
7.2. North America Travel eSIM Market
7.3. Europe Travel eSIM Market Analysis
7.4. Asia-Pacific Travel eSIM Market Analysis
7.5. Latin America Travel eSIM Market Analysis
7.6. Rest of The World Travel eSIM Market

8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Key player 1
8.2.1.1. Key In Durationation
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments

9. Research Process

9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes

A Market Research report can be a powerful tool for any customer looking to grow their business. Here's how:

Informed Decision-Making: The report provides comprehensive data and insights about the market, helping businesses make informed decisions regarding product development, pricing strategies, and market entry.

Identifying Opportunities: It highlights emerging trends, consumer preferences, and potential gaps in the market, allowing businesses to identify new opportunities for growth and innovation.

Competitive Analysis: The report often includes detailed analysis of competitors, helping businesses understand their strengths and weaknesses, and enabling them to develop strategies to gain a competitive edge.

Risk Mitigation: By understanding market dynamics, businesses can anticipate potential risks and challenges, allowing them to plan accordingly and reduce the likelihood of costly mistakes.

Target Audience Insights: The report offers valuable information about the target audience, including demographics, buying behavior, and preferences. This helps in tailoring marketing and sales strategies to better meet customer needs.

Strategic Planning: Armed with the insights from the report, businesses can create more effective long-term strategies, including expansion plans, product diversification, and market penetration strategies.

Benchmarking: It allows businesses to benchmark their performance against industry standards and competitors, helping them identify areas for improvement and set realistic growth targets.

Resource Allocation: By understanding which areas of the market offer the most potential, businesses can allocate resources more efficiently, focusing on high-growth areas while optimizing costs.

In summary, a Market Research report provides the data-driven insights needed to navigate the complexities of the market, seize opportunities, and make strategic decisions that drive business growth.

Contact Us:

QY Research, INC.
315 Work Avenue, Raheja Woods,
Survey No. 222/1, Plot No. 25, 6th Floor,
Kayani Nagar, Yervada, Pune 411006, Maharashtra
Tel: +91-8669986909
Emails - enquiry@qyresearch.in / arshad@qyresearch.com

About Us:

QYResearch established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.

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