New York – United States
Data Bridge Market Research analyses that E-Sim Market will grow at a CAGR of 14.3% during the forecast period of 2023 to 2027. During the forecast period, manufacturers involved in the E-Sim market likely benefit significantly from increased awareness of the advantages of E-Sim and investments in various organizations.
The E-Sim allows an electronic device to be used as soon as it is switched on. As the E-Sim is rewritable, the end-user can also pick up a local pre-paid phone number when travelling abroad, avoiding premium roaming fees. For service providers, logistics and support are simplified, no more SIM cards to manage at the customer’s level. E-Sim carriers, E-Sim extends mobile connectivity to many new consumer-connected devices, creating new business opportunities. The device makers, OEMs and designers, new devices can be smaller, more dust-resistant, and waterproof. Embedded sim (E-Sim) technology actually makes switching carriers even easier.
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Noteworthy Players Operating at Regional and Global Levels:
- Telefónica
- Semtech Corporation
- Giesecke+Devrient GmbH
- AT&T
- Orange
- Arm Limited
- KORE Wireless
- Workz
- Oasis Smart-SIM
- Vodafone Group
- STMicroelectronics
- Thales
- Deutsche Telekom AG
- NXP Semiconductors
- Infineon Technologies AG
- Telit
- IDEMIA
- TP Global Operations Limited
- Sinch
- Singtel
- Etisalat
Key Opportunities:
- The Increasing Use Of Iot And The Launching Of 5g Technology
E-sim is considered a promising future to develop cognisant with IoT and 5G technology. There has been great awareness regarding the developments in e-sim in the market among consumers. E-sim is not just an evolution in SIM card technology from physical to digital; it is promised to have a great impact and value addition on the Internet of things (IoT). e-sim has enabled many original equipment manufacturers (OEMs) to advance their products in building a range of products that are flexible and has global deployment, especially in Industrial IoT, which includes sensors, processors, systems, and platforms; e-sim’s will be used by businesses to create greater operational efficiencies and other industry-specific use cases.
- Growing Need For Innovative Consumer Electronics
Innovative product designs in consumer electronics, such as smartwatches, have created ample opportunities to adopt e-sim technology on a mass scale. The sleek product designs, often needing to be fully sealed and waterproof, could not adequately accommodate traditional SIM cards and their SIM slots. E-sims offered a seamless solution. The continued development of smart devices, such as tablets and smartphones with sleeker, smaller designs, will fuel the rise of e-sim technology in consumer devices.
Market Segmentation of E-SIM Market:
Component
- Hardware
- Services
Connectivity
- Voice, Sms And Data
- Data Only
Data Plan
- 2gb-5gb
- 5gb-10gb
- 10gb-25gb
- Less Than 2gb
- More Than 25gb
Pricing Model
- Pay As You Go Sims
- Pay Monthly Sims
Architecture
- M2m E-Sim Architecture
- Consumer Electronics E-Sim Architecture
Network Type
- Private
- Public
Deployment Mode
- Cloud
- On Premises
Compatible Device
- Mobile Phones
- Tablets
- Laptops
- Wearables
- Smart Meters
- Iot
End-User
- Consumer Electronics
- Automotive
- Manufacturing
- Retail
- Energy And Utilities
- Transportation & Logistics
- Residential
- Sports & Entertainment
- Agriculture
- Others
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