ESIM Market
eSIM also is known as embedded SIM operates or remotely manages multiple mobile devices globally. It is mandatory for eSIMs to comply with Global System Mobile Association (GSMA) remote SIM provisioning specification. These types of SIMs are inbuilt into devices and cannot be removed. Moreover, the integration of devices with eSIM eliminating the need for physically replacing the SIM card. eSIM finds its applications in consumer electronics such as smartphones, laptops, smart wearable, tablet, smart home devices, and many others. There are many advantages offered by eSIM such as high-quality connectivity, enable users to change operators remotely and allow people to store multiple profiles on a single device having more than two numbers and can switch between one another depending on the users.
The Global eSIM market was valued for US$ 10843.5 Mn in 2021.
Market Dynamics
The increasing adoption of IoT technology across many verticals such as automotive, energy, retail for the manufacturing of connected devices is increasing the demand for eSIMs in the market. For instance, in April 2020, Infineon Technologies AG announced a partnership with Tata Communication, Indian based telecommunication company to launch an eSIM solution for IoT applications. Through this partnership, Infineon Technologies AG can deploy IoT connected devices around the world by using the Tata communication MOVE platform. This platform is used to offer IoT integrated services to its customers. Moreover, eSIM provides facilities for a seamless switch between the network carriers. Earlier, the device owner had to replace the physical SIM while switching to the network carrier. During the switching process, there is a high chance of data loss. The usage of eSIM reduces the threat of data loss as these SIMs are permanently integrated into the device. The facility of remotely switching between the network influencing individuals to select eSIMs over traditional SIMs. Thus, eSIMs manufactures are increasingly focusing on integrating traditional SIMs with the latest eSIMs. These factors have boosted the demand for eSIM market during the forecast period. Moreover, several global players across different countries are focusing on developing new products with new features and technologies to gain competitive edge in the market. Industries are focusing on developing new products with new features to cater to the demand from the end users. For instance, in March 2020, Infineon Technologies launched OPTIGA Connect eSIM for mobile consumer devices. This new eSIM support all Global System Mobile Association (GSMA) standards from 3G to 5G and authenticates device to subscribe to network carrier of choice.
Key features of the study
Market Segmentation
Table of Contents
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