The eSIMmarket is anticipated to be valued at USD 978.3 million by 2023, growing at a
CAGR of 31.0% between 2018 and 2023. The growth can be attributed to the favorable
government regulations boosting M2M communication, high adoption of IoT
technology, and emphasis on remote SIM provisioning for M2M.
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An embedded SIM, abbreviated as eSIM, is a
contemporary secure element designed to remotely manage multiple mobile network
operators (MNOs) by staying in compliance with GSMA specifications. ESIMs can be easily integrated into any mobile device and saves a lot of time
if mobile users need to switch mobile network providers or data plans, without physically
changing their SIM card. The evolution of eSIM is revolutionizing growth
opportunities for connected devices due its persistent and secure connectivity
and flexibility.
Deutsche Telekom AG (Germany), Gemalto NV
(Netherlands), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG
(Germany), NTT DOCOMO, INC. (Japan), NXP Semiconductors N.V. (Netherlands),
Sierra Wireless, Inc. (Canada), Singapore Telecommunications Limited
(Singapore), STMicroelectronics (Switzerland), and Telefónica S.A. (Spain) are the
key players in the eSIM market. Acquisitions,
collaborations, joint ventures, partnerships, and product launches and
developments are some of the key strategies adopted by the major players to
gain a competitive edge in the eSIM market.
Gemalto is a front-runner in the M2M
connections market. It is the first eSIM supplier to receive the GSMA Security
Accreditation Scheme certification. This certification is of utmost importance
for eSIM suppliers to protect sensitive data in IoT and M2M applications. Gemalto
has a vast geographic presence in Europe, the Middle East, Africa, the US, and
Asia Pacific (APAC). The company undertook inorganic growth strategies such as accreditations,
collaborations, and partnerships to stay competitive in the e-SIM market. For
instance, in December 2017, Gemalto entered into a partnership agreement with
Microsoft to make Microsoft’s Surface Pro with LTE Advanced to become the first
fully integrated embedded SIM PC in the Windows ecosystem.
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STMicroelectronics is one of the prominent
players in the semiconductor industry. The company has a wide product portfolio,
including secure wearables, authentication and secure IoT solutions, M2M and
automotive solutions, secure NFC tags and controllers, SIM and eSIM cards, and payment
technology and secure solutions dedicated to
the banking and identification markets. The company offers
products for a wide range of applications, such as smartphones, wearables, V2X
systems, smart identity cards, and payment cards. The company’s eSIM solutions
are based on the widely deployed ST33 Secure Element platform, providing a high
level of security, a large amount of
memory, high performance for OTA data transfers, and secure storage of new MNO
subscriptions.
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630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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