The eSIM market is projected to reach $5.71 billion by 2030, growing at a CAGR of 31.4%

The eSIM market is projected to reach .71 billion by 2030, growing at a CAGR of 31.4%
Future of market research

Future of market research

E-SIM significantly reduces environmental impact

New York, USA, May 3, 2022 (GLOBE NEWSWIRE) — E-SIM Market Overview:
According to a comprehensive research report from Market Research Future (MRFR), “eSIM market“Information by End User and Region: Forecast to 2030” the market size will reach USD 5.71 billion, growing at a CAGR of 31.4% by 2030.

Scope of the eSIM market:
The global eSIM market is experiencing rapid revenue growth. Rapid 5G deployments and expansion of best-in-class wireless SIM (OTA) platforms are important factors driving market growth. eSIM technology providers are increasingly collaborating with telecom carriers to drive adoption and engage with major carriers as their platform service provider for eSim.

As best-in-class wireless SIM (OTA) platforms are critical to 5G networks, industry players are working to provide key solutions such as OTA management. The E-Sim platform is based on secure interfaces between connected devices and network elements. With the increasing penetration of commercial 5G networks, the next generation of technology and the Internet of Things (IoT) will unleash various devices around the world.

The Dominant Key Players in E-SIM Market Covered are:

  • STMicroelectronics (Switzerland)

  • NXP Semiconductors (Netherlands)

  • Infineon Technologies AG (Germany)

  • Deutsche Telekom AG (Germany)

  • NTT Docomo Inc. (Japan)

  • Gemalto NV (Netherlands)

  • Giesecke+Devrient GmbH (Germany)

  • Singtel (Singapore)

  • Cordless saw.

  • (Canada)

  • Telefonica S.A. (Spain)

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Easy device setup without having to insert or replace a SIM card and a variety of new and improved mobile connected devices are some of the benefits of eSIM. The ability to switch between network service providers in real time and avoid charging subscribers for international roaming is one of the key advantages driving the growth of the eSIM market.

Despite the recent disruption of COVID-19, eSIM technology continued to gain significant prominence in the market, witnessing significant changes in people’s lifestyles. Industry players are taking advantage of eSIM card benefits to ensure that Internet and communication systems continue to provide their services uninterrupted in line with growing needs.

The implementation of relevant servers for eSIM systems is developed using information technologies, and the communication authority complies with national requirements and GSMA standards. With the help of remotely installed and managed eSIM chip, a higher level of security and protection can be provided. In the future, the eSIM app will provide serious access and ease of use both between machines and between consumer devices.

The proliferation of industrial automation and the adoption of automation and control technologies that offset higher wages and increase efficiency have highlighted the crucial need for the eSIM network. As a result, the global eSIM industry began to gain ground, witnessing ever-increasing investments.

Explore In-Depth Market Research Report (86 Pages) on E-SIM Market:
https://www.marketresearchfuture.com/reports/esim-market-6619

Exclusively Covered USP Market:
eSIM Market Drivers
With eSIM, subscribers can switch carriers without going to dealers, helping to eliminate device purchase costs. In addition, problems such as buying, storing and installing the SIM card can be eliminated. Also, eSIM features are not affected by issues such as vibrations, shocks, and moisture in vehicles and other devices.

The eSIM chip is a key innovation in telecommunications, which improves connectivity operations. eSIM technology restricts the sensitive information on the SIM card to local uses without allowing other countries to access the sensitive data, ensuring greater information security. As a result, eSIM users are increasing rapidly, driving market growth.

Most businesses rely on mobile devices to operate and access data in the cloud. Additionally, cellular connectivity solutions for large-scale global deployment of IoT devices are increasing significantly. The rise of M2M connections globally shows immense opportunities in the eSIM market.

Most eSIM-based devices are also projected to have a hardware chip-based eSIM solution until 2025, corroborating the adoption of embedded SIM-based solutions. Additionally, the increasing use of eSIM-embedded smartphones and smartwatches to facilitate device and account management, coupled with the proliferation of enterprise IoT devices, would significantly influence eSIM market share.

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Segmentation of the market covered in the research:
The eSIM market is segmented into end users and regions. The end-user segment is further sub-segmented into automotive, energy and utilities, manufacturing, retail, consumer electronics, and transportation and logistics. Among these, the consumer electronics segment accounts for the largest market share. The segment is anticipated to generate exponential revenue during the evaluation period.

The manufacturing segment represents a substantial market share, due to the increase in the implementation of industrial IoT solutions. The segment is likely to rise at an impressive CAGR during the forecast period. By region, the market is segmented into the Americas (USA, Canada, Mexico, rest of North America), Asia Pacific (China, Japan, India, South Korea, and rest of APAC), Europe (Germany, UK , France, Italy and Rest of Europe) and Rest of the World.

Regional Analysis
North America leads the global eSIM market and will continue to maintain its position in the market during the evaluation period. Technological advancements, early migration to eSIM, and early adoption of advanced IoT and artificial intelligence (AI) technologies are driving the growth of the eSIM market. Additionally, the presence of many eSIM network service providers, such as AT&T, Deutsche Telekom AG, Verizon Wireless, and Virgin Mobile, throughout the region drives market growth.

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competitive landscape
The eSIM market seems extremely fragmented, considering the presence of established manufacturers. Eminent players are looking for opportunities to integrate along the extensive value chain while focusing on expanding production capabilities, R&D investments, and M&A activities for extra momentum.

They strive to offer cutting-edge and reliable embedded SIM cards for embedded SIM market applications, investing substantially in the development of expert technologies and products such as embedded SIM chips to gain momentum.
For example, on April 4, 2022, Google announced its plan to revolutionize eSIMs with Android 13. The tech giant would use Multiple Enabled Profiles (MEPs) that can allow multiple active SIM profiles on one eSIM, connecting to two different carriers simultaneously.

In another case, on January 5, 2021, the international ICT and network services company Tata Communications announced the acquisition of a 58.1% stake in Oasis Smart SIM (France), a leading specialist in embedded SIM technology (eSIM ). Oasis develops and provides advanced technologies and customized services to enable the deployment of eSIM and SIM technologies.

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About the future of market research:
Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis on diverse markets and consumers around the world. Market Research Future has the distinguished goal of providing top quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, helping to answer your most important questions. questions.

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