What Is The Leading Driver Behind Smartphone Penetration Fuels Exponential Growth In The eSIM Market Market Expansion in 2025

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What Will the eSIM Industry Market Size Be by 2025?
In recent times, the market size of esim has seen a swift rise. The market is projected to escalate from $10.76 billion in 2024 to $11.98 billion in 2025, boasting a compound annual growth rate (CAGR) of 11.4%. The notable growth during the previous period is a result of factors such as the rising adoption of IoT devices, increasing needs for mobile connectivity, globalization and cross-border connectivity, as well as the need for security and authentication and the demand for compact, integrated solutions.

What's the Long-Term Growth Forecast for the eSIM Market Size Through 2029?
The market size of esim is predicted to witness swift expansion in the coming years, growing to a considerable $19.79 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.4%. Several factors contributing to this upsurge during the forecast period include the sustained growth in IoT connectivity, 5G network expansion, new use case development, increasing proliferation of mobile devices and the escalating demand for remote sim provisioning. The forecast period will see major trends like growing IoT infiltration, incorporation of embedded sims in smart home gadgets, cross-industry cooperation, integration with blockchain technology, and a focus on security and authentication.

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What Are the Key Growth Drivers Fueling the eSIM Market Expansion?
The rise in smartphone usage significantly fuels the expansion of the eSIM market. Smartphones, being mobile phones with highly advanced features, are increasingly incorporating eSIMs. These eSIMs are embedded into devices like smartphones and enable the user to alter sim contents such as the International Mobile Subscriber Identifier (IMSI) and network carrier profiles through software, thereby doing away with the need for SIM card replacement. For instance, Demand Sage, a US-based revenue operations platform that uses Google Sheets, highlighted in July 2023 that the global smartphone user count was at 6.8 billion, a noticeable rise from around 6.6 billion users the previous year in 2022. Hence, the surge in smartphone usage will continue to propel the eSIM market.

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What Are the Key Trends Driving eSIM Market Growth?
Prominent businesses in the eSIM industry are concentrating their efforts on the creation of digital 5G tourist eSIMs. These come with distinctive features such as an easy-to-use, digital activation process, tailored to suit the increasing needs of global travelers. This process implies the usage of electronic techniques to kickstart and engage services or features, usually through online applications or platforms. As an example, in September 2023, Singtel, a telecommunication company based in Singapore, introduced its 5G Tourist eSIM. This was aimed at international tourists, designed to improve convenience and added value, enabling visitors to organize their communication requirements online prior to reaching Singapore. Focusing on the Grand Prix event, the digital 5G Tourist eSIM alleviates the difficulties of activation, thereby reducing time otherwise wasted on conventional SIM card procurements. Singtel's objective is to improve tourism experiences by ensuring effortless connectivity and elating digital experiences using 5G technology.

How Is the eSIM Market Segmented?
The esimmarket covered in this report is segmented -

1) By Solution: Hardware, Connectivity Services
2) By Application: Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables, Other Applications
3) By Vertical: Automotive, Consumer Electronics, Energy And Utilities, Manufacturing, Retail, Transportation And Logistics

Subsegments:
1) By Hardware: eSIM Chips, eSIM Modules, Integrated Circuits (ICs)
2) By Connectivity Services: Remote SIM Provisioning, Mobile Network Operator (MNO) Services, Data Plans And Subscription Services

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Which Companies Are Leading the Charge in eSIM Market Innovation?
Major companies operating in the eSIM market include Infineon Technologies AG, NXP Semiconductors N.V, Samsung Group, STMicroelectronics, CEC Huada Electronic Design Co Ltd, Eastcompeace Technology Co Ltd, Valid S.A., Microchip Technology Incorporated, Sony Group Corporation, EM Microelectronic, Watchdata Technologies Ptd Ltd, CardLogix Corporation, Gemalto (now Thales Digital Identity and Security), IDEMIA, Giesecke+Devrient, Sierra Wireless, Deutsche Telekom AG, Telit, Arm Holdings, Vodafone Group, Telefónica, Cubic Telecom, Truphone, Workz Group, KORE Wireless, Kigen

Which Regions Are Leading the Global eSIM Market in Revenue?
North America was the largest region in the eSIM market in 2024. The regions covered in the esim market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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