IoT devices, which include numerous devices on the Internet of things, are nonstandard computing devices that may connect wirelessly to a network and transmit data (IoT). IoT entails expanding internet connectivity to a variety of conventionally "dumb" or non-internet-enabled physical items and daily things in addition to regular devices, including desktops, laptops, smartphones, and tablets. These gadgets may connect and communicate online since they are technologically embedded. They can also be watched over and managed from a distance.
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Data Bridge Market Research analyses that the E-Sim Market is expected to grow at a CAGR of 14.3% in the forecast period of 2023 to 2027, and is expected to reach USD 3,029,965.66 thousand by 2027. Therefore, the increasing popularity of machine-to-machine SIM (M2M SIM) applications is one of the E-Sim market's growth factors and a key priority moving forward for mobile network operators (MNOs).
Key Findings of the Study
Rapid Adoption of IoT-Connected Devices in Consumer Electronics and M2m Applications is expected to drive the Market's Growth Rate
Mobile network operators can benefit from the expansion of M2M devices that support E-Sim and the rising popularity of E-Sim among M2M enterprise users. The new technology is anticipated to be crucial in enabling the networking of smart cities, smart meters, eHealth, smart automobiles, fleet management, security systems, and other industries adopting IoT concepts to boost efficiency and effectiveness. These enterprise clients and their M2M connections represent many connections and high-value income for network operators.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2027
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020-2016)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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By Component (Hardware, Services), Connectivity (Voice, SMS and Data and Data Only), Data Plan (2GB-5GB, 5GB-10GB, 10GB-25GB, Less Than 2GB, and More Than 25GB), Architecture (M2M E-SIM Architecture and Consumer Electronics E-SIM Architecture), Pricing Models (Pay As You Go Sims and Pay Monthly Sims), Network Type (Public, Private), Deployment Model (On Premises and Cloud), Compatible Device (Mobile Phones, Tablets, Laptops, Wearables, Smart Meters, and IoT), End-User (Consumer Electronics, Automotive, Manufacturing, Retail, Energy and Utilities, Transportation & Logistics, Residential, Sports & Entertainment, Agriculture, and others).
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Countries Covered
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U.S., Canada, and Mexico, China, Japan, India, Philippines, South Korea, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Vietnam, Taiwan, Rest of Asia-Pacific, U.K., Germany, France, Italy, Netherlands, Spain, Switzerland, Russia, Sweden, Denmark, Belgium, Turkey, Poland, Norway, Estonia, Rest of Europe, Saudi Arabia, U.A.E., Algeria, Egypt, Morocco, Tunisia, Israel, South Africa, Ethiopia, Namibia, Nigeria, Uganda, Kenya, Zambia, Mauritius, Angola, and Rest of Middle East and Africa.
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Market Players Covered
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Telefónica (Madrid, Spain), Semtech Corporation (California, U.S.), Giesecke+Devrient GmbH (Munich, Germany), AT&T (Texas, U.S.), Orange (Issy-les-Moulineaux, France), Arm Limited (England, U.K.), KORE Wireless (Georgia,U.S.), Workz (Dubai, UAE), Oasis Smart-SIM (Ile-de-France, France), Vodafone Group (England, U.K.), STMicroelectronics (Geneva, Switzerland), Thales (Paris,France), Deutsche Telekom AG (Bonn, Germany), NXP Semiconductors (Eindhoven, the Netherlands), Infineon Technologies AG (Neubiberg, Germany), Telit (California, U.S.), IDEMIA (Courbevoie, France), TP Global Operations Limited(London, U.K.), Sinch (Stockholm, Sweden), Singte (California, U.S.), Etisalat (Abu Dhabi, U.A.E.), among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The global E-Sim market is segmented into nine notable segments, which are based on component, connectivity, data plan, pricing model, architecture, network type, deployment mode, compatible device, and end-user.
- On the basis of component, the global E-Sim market is segmented into hardware and services
In 2023, the hardware segment is expected to dominate the global E-Sim market owing to the increasing usage of mobile phones, wearables in the segment.
- On the basis of compatible device, the global E-Sim market is segmented into mobile phones, tablets, laptops, wearables, smart meters, and IoT. Mobile phones is further segmented into apple and android. IoT is further segmented into security systems, IoT assets tracking devices, home automation, connected cars, handheld POS (point of scale) systems, medical IoT devices, and others. In 2023, the mobile phones segment is expected to dominate the E-Sim market this is the most growing trends in youngsters which is fueling the growth of the segment.
In 2023, the cloud segment is expected to dominate the E-Sim market this allow users to connect to and use cloud-based apps over the internet is fueling the growth of the segment.
- On the basis of end-user, the global E-Sim market is segmented into consumer electronics, automotive, manufacturing, retail, energy and utilities, transportation & logistics, residential, sports & entertainment, and agriculture, and others.
- On the basis of architecture, the global E-Sim market is segmented into M2M E-Sim architecture and consumer electronics E-Sim architecture.
- On the basis of connectivity, the global E-Sim market is segmented into data only and voice, sms and data.
- On the basis of data plan, the global E-Sim market is segmented into less than 2GB, 2GB-5GB, 5GB-10GB, 10GB-25GB and more than 25 GB.
- On the basis of pricing model, the global E-Sim market is segmented into pay monthly sims and pay as you go sims.
- On the basis of network type, the global E-Sim market is segmented into public and private
- On the basis of deployment model, the global E-Sim market is segmented into on premises and cloud.
Major Players
Data Bridge Market Research recognizes the following companies as the major players operating in the market are 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, among others.
Market Development
- In January 2022, IDEMIA have announced collaboration with Microsoft to provide next generation eSIM connectivity services. The collaboration will aim to expand their connectivity offering for consumer and M2M/IoT devices. This collaboration will help the company to advanced connectivity solutions for mobile operators in the market. This will help the company to improve their customer base.
- In September 2021, Sinch announced acquisition of Mailgun and Mailjet. This acquisition will improve the market position of the company which will provide CPaaS platform. This step will help the company to enhance their services portfolio and expand their business globally.
- In September 2021, STMicroelectronics has announced the launch of GSMA-compliant eSIMs (embedded SIM) ICs for machine-to-machine (M2M) applications through e-distribution. This helps the company to improve its offering the market.
- In November 2022, Arm continues to accelerate IoT software development with new partnerships, IoT and embedded developers benefit from a quicker time to market thanks to the integration of Arm development tools into GitHub Actions. Arm Virtual Hardware is integrated by Queexo and Nota AI for improved ML workload accessibility and deployment. This partnership helps the company to expand its footprint globally.
- In March 2021, Giesecke+Devrient GmbH has entered into partnership with SIM Local to increase the adoption of E-Sim globally. Companies will be able to provide the core capability operators with eSIM services through online or physical retail. This steps will help the companies to increase the sale of the company in upcoming years.
- In February 2021, KORE Collaborates with Kigen and Energy Web to Provide Integrated, eSIM-Based, Trusted Identity System for Smart Grid Applications. With the use of eSIM and multi-IMSI technologies, KORE's award-winning OmniSIM solution gives customers like Energy Web dependable, future-proof connectivity. Security risk is becoming more of a concern as IoT expands. This collaboration will increase the trust of the customer and company global presence.
Regional Analysis
Geographically, the countries covered in the global E-Sim market report are U.S., Canada, and Mexico, China, Japan, India, Philippines, South Korea, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Vietnam, Taiwan, Rest of Asia-Pacific, U.K., Germany, France, Italy, Netherlands, Spain, Switzerland, Russia, Sweden, Denmark, Belgium, Turkey, Poland, Norway, Estonia, Rest of Europe, Saudi Arabia, U.A.E., Algeria, Egypt, Morocco, Tunisia, Israel, South Africa, Ethiopia, Namibia, Nigeria, Uganda, Kenya, Zambia, Mauritius, Angola, and Rest of Middle East and Africa, Brazil, Argentina and rest of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in global E-SIM market during the forecast period 2023 -2027
In 2022, North America dominated the global E-Sim market owing to the higher level of investments in businesses and increasing prevalence of networking processes. North America will continue to dominate the E-sim market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced technology and launch of new products in this region.
Europe is estimated to be the fastest growing region in global E-SIM market in the forecast period 2023 -2027
Europe is expected to grow during the forecast period due to the presence of major market players and rapid development of outsourcing facilities in emerging economies in this region. In addition to this, rising level of businesses expenditure and increasing per-capita income are expected to propel the market's growth rate in this region.
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