eSIM Subscription Market: Global Market growth by Solution, Application, End User & Region Forecast 2022 – 2029 | MMR

eSIM Subscription Market was valued at USD 512.15 Million in 2021 and is expected to reach USD 4812.62 Million by 2029, exhibiting a CAGR of 32.3% during the forecast period (2022-2029)

eSIM Subscription Market Overview:

The eSIM (embedded SIM) operates or remotely manages many mobile devices globally. The eSIM finds its applications in consumer electronics like laptops, smartphones, smart home devices, smart wearable, tablet, and many others. There are various benefits provided by eSIM, including excellent connectivity, the ability to change operators remotely, and the ability to keep many profiles on a single device with more than two numbers and switch between them as needed. The benefits of eSIM subscriptions in consumer electronics items, such as improved security, high dependability, and greater connection, are what are driving their development. The consumer electronics industry continues to be one of the major forces fuelling the growth, development, and revolution in a number of technical services, including eSIM subscriptions. In order to compete for eSIM subscription consumers, more physical SIM card network providers will adopt features like eSIM 4G and 5G services because they make switching cell phone network carriers easier. eSIM Subscription Market eSIM for Consumer: Support for eSIM can set mobile carriers apart, with 2 billion eSIM-enabled consumer devices expected by 2025. They will be able to provide their clients with a totally digital experience by enabling subscription activation for eSIM-enabled smartphones immediately. The distribution of SIM cards will no longer exist, simplifying logistics. Mobile operators and Original Equipment Manufacturers (OEMs) will eventually be able to create new business models and value-added services, draw in new clients, expand into new markets, and move up the value chain thanks to eSIMs. eSIM Subscription Market 1To know about the Research Methodology :- Request Free Sample Report

eSIM Subscription Market Dynamic:

High Technology Adoption: The global automobile industry has had significant growth, which is encouraging the market. All varieties of connected automobiles employ eSIMs in their infotainment systems, including those for navigation, telematics, and assisted driving. Market growth is further aided by the growing use of products in space-saving M2M and wireless communication applications. Additionally, rising product usage in consumer electronics—such as smartphones and smart wearables—for improved dependability, safety, and connection is having a favourable effect on market growth. Growing M2M System Reliability and Demand for Innovative Consumer Electronics: M2M systems have attributes include minimal power consumption, remote operation, real-time data monitoring, and identification of service timing. Due to their benefits, M2M systems have been adopted by a number of industries, including manufacturing, security, telemedicine, robotics, automotive, industrial, and utilities. It calls for improved network connectivity, and eSIM is important for this since it enables wireless communication between mobile networks in a connected system. Government Support and High IoT Adoption: Implementation of several government initiatives to improve M2M communications worldwide. In addition, the market is growing thnaks to the inclusion of additional analytical solutions such as speed, security, fuel level warnings, maintenance temperature, and battery notifications in eSIMs for better customer experience. The market is expected to increase as a result of a number of other factors, including the increasing adoption of Internet of Things (IoT)-enabled devices and broad product usage in the energy and utility sectors. Launching of 5G Technology Opens Up Enormous Opportunities: Network service providers have a variety of alternatives thanks to the Internet of Things, which also creates new sectors. IoT is totally altering the mobile industry's ecology as a result. The market for automated and intelligent appliances has surpassed that of consumer electronics like tablets, smartphones, and laptops. Smartphones and wearables are used by a variety of industry verticals, including home appliances, healthcare, agricultural, and utility monitoring systems, autonomous drones, linked cars, and industrial machinery. Security Threats: During the forecast period, the growth of the eSIM subscription market is expected to be stunted by the growing security concerns. However, in the near future, a lack of standards might limit the market for eSIM subscriptions.

eSIM Subscription Market Trends:

High internet speeds and increased network capacity are expected with the development of 5G technology, which is expected to have a favourable effect on the eSIM Subscription Market and drive-up adoption across a variety of cellular-enabled devices. To handle these network-linked products, such as smartphones, wearables, smart glasses, and connected cars, there is an increasing demand for remote connectivity, which is provided by integrating eSIM with consumer electronics products. It is expected that the arrival of 5G would enable faster data connection with lower latency, improving navigation and increasing the number of linked gadgets in smart homes. Because of its ease of integration into smaller devices like fitness bands, wearables, and smartwatches, eSIM adoption is projected to be one of the key factors promoting consumer 5G use cases. Businesses that use IoT systems with cellular-enabled devices now have the chance to modify their infrastructure in order to take advantage of 5G thanks to the implementation of eSIM subscription.

eSIM Subscription Market Segment Analysis:

In 2021, Connectivity Services Segment Held the Largest eSIM Subscription Market Share: Connectivity Services segment dominated the eSIM Subscription Market in 2021, accounting for about a quarter of the global market share. This rapid growth can be owing to the growing use of eSIM for M2M connections, which is likely to generate money for network operators over subscription services. Mobile Network Operators (MNOs) offer connectivity services for securely & remotely managing end-user cellular subscriptions. The automotive sector recently backed the GSMA eSIM Specification to strengthen vehicle connection, concrete the way for a new generation of connected vehicles. It is expected to improve security for a variety of connectivity services, consenting the eSIM Subscription Market to grow. The hardware segment is expected to witness a significant CAGR of 33.2% over 2022-2029. It is expected that the rise in consumer electronics producers will improve demand and support category expansion. It is projected that demand will increase and the category will rise as a result of the growing trend among smartphone manufacturers to incorporate an eSIM within the handset. A small number of eSIM chipset manufacturers, including Infineon Technologies AG, control a significant portion of the hardware segment. eSIM Subscription Market 2 M2M Application Expected to Hold Significant Share M2M Application segment is estimated to account largest total eSIM Subscription market share in 2021. The M2M segment is growing as a result of the increasing usage of eSIM technology in the automotive sector for M2M communication. Additionally, the main demand generators in the automobile sector are connected cars. The adoption of eSIM in the automotive sector is expected to significantly simplify production and promote the growth of the connected car market. The adoption of M2M and IoT technologies in other industries is expected to increase as a result.

ESIM Subscription Market Regional Analysis:

Geographically, in 2021, North America eSIM subscription market accounted for the largest share of 39.20%. The rise is a factor of the region's rapid technological advancements and the widespread presence of network providers. According to recently released market study data, the United States eSIM subscription market held the top spot in comparison to other nations by posting the fastest CAGR in the past decade. Records show that it makes up close to 40% of the revenue generated by the global market in 2021. APAC region is expected to witness significant growth during the forecast period. Leading smartphone manufacturers like Huawei and Samsung Electronics have introduced eSIM handsets, gaining traction in the smartphone market and establishing eSIM as the standard SIM technology for future connected devices. ESIM Subscription Market 3Recent Developments in the eSIM Subscription Industry: The 2021, Kigen introduced the first iSIM hardware to the market that had received EAL5+ approval in partnership with Sequans. Kigen has created a number of strong and reliable partnerships that cover the whole value chain, allowing it to enter the market and carry out large-scale operations. In September 2021, Deutsche Telekom AG announced the initial iteration of in-car 5G and personal eSIM networking capabilities in collaboration with Bayerische Motoren Werke AG. With the help of a personal eSIM from Deutsche Telekom AG, vehicle communication can now be connected to that of the customer's cell device through 5G. Thales's eSIM Subscription Management Solution: Telefónica Germany now has a centralised solution that enables anytime, everywhere subscription activation for all consumer eSIM-enabled devices across all of its various subscription profiles thanks to Thales' eSIM subscription management platform. Thales' platform has the capacity to support the other MNOs' available techniques, such as generic voucher, default SM-DP+, and discovery services, in addition to supporting the business' helpful QR-code-based subscription activation method. The new eSIM subscription management platform completes Telefónica Germany's entirely digital subscriber journey along with its current mobile app and Thales Trusted Digital Identity solution for customer onboarding, commonly known as eKYC (electronic Know Your Customer). Customers can now select their preferred channel for setting up new smart devices, complementing the company's store-based offerings. The research report covers ESIM Subscription industry statistics including current ESIM Subscription Market size, ESIM Subscription Market Share, and Growth Rates (CAGR) by segments and sub-segments at global, regional, and country levels, with an annual forecast till 2029. The study provides a clear insight into market penetration by different types, applications, and sales channels of ESIM Subscription with corresponding future potential, validated by real-time industry experts. Further, ESIM Subscription market share by key metrics such as manufacturing methods/technology and raw material can be included as part of customization. This enables the client to identify the most potential segment from their growth rates along with corresponding drivers and restraints. The research considered 2017, 2018, 2019, and 2020 as historical years, 2021 as the base year, and 2022 as the estimated year, with an outlook period from 2022 to 2029. The report identifies the most profitable products of ESIM Subscription market, dominant end uses and evolving distribution channel of the ESIM Subscription Market in each region.

ESIM Subscription Market Scope: Inquiry Before Buying

ESIM Subscription Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US 512.15 Mn.
Forecast Period 2022 to 2029 CAGR: 32.3% Market Size in 2029: US 4812.62 Mn.
Segments Covered: By Solution • Hardware • Connectivity Services • Others
by Application • Connected Cars • Laptops • M2M • Smartphones • Tablets • Wearables • Others (Drones, Smart Meters, Smart Grids)
by End User • Automotive • Consumer Electronics • Energy & Utilities • Manufacturing • Retail • Transportation & Logistics • Others
by Region • North America • Europe • Asia Pacific • South America • Middle East & Africa

Global ESIM Subscription Market Key Players are:

ARM Holdings (UK) • Deutsche Telekom AG (Germany) • Gemalto NV (Netherlands) • Giesecke+Devrient Mobile Security GmbH (Germany) • Infineon Technologies AG.(Germany) • Kigen (UK) • NXP Semiconductor (Netherlands) • oasis smart SIM (France) • STMicroelectronics (Switzerland) • Sierra Wireless Inc (Canada) • Thales(France) • truphone (UK) • Workz Group (UAE) • Other Frequently Asked Questions: 1] What is the growth rate of the Global ESIM Subscription Market? Ans. The Global ESIM Subscription Market is growing at a significant rate of 32.3 %. during the forecast period. 2] Which region is expected to dominate the Global ESIM Subscription Market? Ans. APAC region is expected to dominate the ESIM Subscription Market during the forecast period. 3] What is the market size of the Global ESIM Subscription Market by 2029? Ans. The market size of the ESIM Subscription Market by 2029 is expected to reach USD 4812.62 Mn. 4] Which are the top key players of the Global ESIM Subscription Market? Ans. The major key players of the Global ESIM Subscription Market are Thale, ARM Holdings (UK), Deutsche Telekom AG (Germany), Gemalto NV (Netherlands) and Others 5] What factors are driving the growth of the Global ESIM Subscription Market in 2021? Ans. Growing M2M System Reliability and Demand for Innovative Consumer Electronics.
1. Global ESIM Subscription Market Size: Research Methodology 2. Global ESIM Subscription Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global ESIM Subscription Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global ESIM Subscription Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global ESIM Subscription Market Size Segmentation 4.1. Global ESIM Subscription Market Size, by Solution (2021-2029) • Hardware • Connectivity Services • Others 4.2. Global ESIM Subscription Market Size, by Applications (2021-2029) • Connected Cars • Laptops • M2M • Smartphones • Tablets • Wearables • Others (Drones, Smart Meters, Smart Grids) 4.3. Global ESIM Subscription Market Size, by End User (2021-2029) • Automotive • Consumer Electronics • Energy & Utilities • Manufacturing • Retail • Transportation & Logistics • Others 5. North America ESIM Subscription Market (2021-2029) 5.1. North America ESIM Subscription Market Size, by Solution (2021-2029) • Hardware • Connectivity Services • Others 5.2. North America ESIM Subscription Market Size, by Applications (2021-2029) • Connected Cars • Laptops • M2M • Smartphones • Tablets • Wearables • Others (Drones, Smart Meters, Smart Grids) 5.3. North America ESIM Subscription Market Size, by End User (2021-2029) • Automotive • Consumer Electronics • Energy & Utilities • Manufacturing • Retail • Transportation & Logistics • Others 5.4. North America ESIM Subscription Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe ESIM Subscription Market (2021-2029) 6.1. Europe ESIM Subscription Market, by Solution (2021-2029) 6.2. Europe ESIM Subscription Market, by Applications (2021-2029) 6.3. Europe ESIM Subscription Market, by End User (2021-2029) 6.4. Europe ESIM Subscription Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 7. Asia Pacific ESIM Subscription Market (2021-2029) 7.1. Asia Pacific ESIM Subscription Market, by Solution (2021-2029) 7.2. Asia Pacific ESIM Subscription Market, by Applications (2021-2029) 7.3. Asia Pacific ESIM Subscription Market, by End User (2021-2029) 7.4. Asia Pacific ESIM Subscription Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest of APAC 8. Middle East and Africa ESIM Subscription Market (2021-2029) 8.1. Middle East and Africa ESIM Subscription Market, by Solution (2021-2029) 8.2. Middle East and Africa ESIM Subscription Market, by Applications (2021-2029) 8.3. Middle East and Africa ESIM Subscription Market, by End User (2021-2029) 8.4. Middle East and Africa ESIM Subscription Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 9. South America ESIM Subscription Market (2021-2029) 9.1. South America ESIM Subscription Market, by Solution (2021-2029) 9.2. South America ESIM Subscription Market, by Applications (2021-2029) 9.3. South America ESIM Subscription Market, by End User (2021-2029) 9.4. South America ESIM Subscription Market, by Country (2021-2029) • Brazil • Argentina • Rest of South America 10. Company Profile: Key players 10.1. ARM Holdings (UK) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Deutsche Telekom AG (Germany) 10.3. Gemalto NV (Netherlands) 10.4. Giesecke+Devrient Mobile Security GmbH (Germany) 10.5. Infineon Technologies AG.(Germany) 10.6. Kigen (UK) 10.7. NXP Semiconductor (Netherlands) 10.8. oasis smart SIM (France) 10.9. STMicroelectronics (Switzerland) 10.10. Sierra Wireless Inc (Canada) 10.11. Thales(France) 10.12. truphone (UK) 10.13. Workz Group (UAE) 10.14. Other

About This Report

Report ID 171583
Category Information Technology & Telecommunication
Published Date Jan 2023
Updated Date
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