[116 Pages Report] The overall eSIM market was valued at USD 179.6
Million in 2017 and is estimated to reach USD 978.3 Million by 2023, at a CAGR
of 31.0% between 2018 and 2023. In terms of volume, the overall eSIM market is
estimated to register a shipment of 287.7 million units in 2016 and is likely
to witness a shipment of 1,168.8 million units by 2023, at a CAGR of 32.4%
between 2018 and 2023. The growth is attributed to the emphasis on remote SIM
provisioning for M2M, favorable government regulations boosting M2M
communication, and high adoption of IoT technology.
The objective of the report is to
provide a detailed analysis of the eSIM
market based on application, vertical, and geography.
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The value chain
pertaining to the eSIM market starts with research and development,
manufacturing, system integration, supply and distribution, and post-sales
services. The most important steps in the value chain of the eSIM market are
R&D, manufacturing, and system integration. End users of embedded SIMs
include various consumer, commercial, and industrial verticals.
Some major suppliers
of eSIM systems are 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).
ESIM is useful for
applications in which settings are required to be remotely updated, has the
capability to bypass the form factor issues, and enables easy manufacturing and
deployment of several IoT devices and sensors. Presently, the global eSIM
market is in its nascent phase. With the steady adoption of the IoT technology
across various industries, the overall eSIM market is likely to gain traction
in the coming years.
The M2M application
is estimated to lead the eSIM market in 2018. The increasing penetration of the
internet, coupled with the rising adoption of IoT across verticals such as
automotive, consumer electronics, energy & utilities, manufacturing,
retail, and transportation & logistics, is primarily driving eSIM adoption.
In addition, favorable regulatory frameworks are facilitating the growth of
M2M across verticals. ESIM is now a mainstream technology in the M2M
application. It plays a pivotal role in this application owing to its remote
programmability and high security.
The rapidly growing
M2M market across verticals is expected to contribute to the dominance of M2M
application during the forecast period. However, the lack of standardization in
connectivity protocols is expected to hinder the eSIM market growth.
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Analyst:
Europe is estimated to hold the
largest share of the eSIM market in 2018, followed by North America and Asia
Pacific. However, by 2023, North America is likely to hold the largest market
share globally.
ESIM cards allow remote
provisioning of SIM profiles through enabling automatic interoperability
between connectivity platforms and multiple SIM operator profiles. However, the
operational flexibility achieved by an embedded SIM would be a futile effort if
security is compromised.
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USA : 1-888-600-6441
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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