Global eSIM Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global eSIM Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global eSIM market has been segmented on the basis of solution, application, as well as regions and countries.

Overview:

An embedded-SIM or embedded universal integrated circuit card is a form of programmable SIM card that is embedded directly into a device. In machine-to-machine (M2M) operations, where there is no requirement to change the SIM card, this avoids the requirement of a connector, improving security and reliability.

Dynamics:

The surge in the number of Internet of Things (IoT) connected devices across a host of end-use industries such as consumer electronics, automotive, and energy & utilities, is expected to fuel future revenue growth of the global eSIM market. There has been an increase in the adoption of eSIMs as they are reliable, secure, and cost-efficient.

The increase in the number of M2M connections on a global-scale is a major factor that is expected to significantly influence revenue growth of this market in the years to come, as these SIMs play a crucial role in wireless communication in a connected ecosystem, and they require lesser space in M2m devices.

However, factors that may hamper future market growth are the lack of technological awareness among end-users, as well as the lower number of mobile operator networks across the globe that support eSIM technology.

Segmentation of the global eSIM market is as follows:

In terms of solution, the connectivity services segment accounted for the majority revenue shares of the global market in 2019, and is expected to continue to do so over the next 10 years. Although, the hardware segment is slated to index considerable revenue growth in the foreseeable future, due to the increasing adoption among consumer electronics manufacturers.

With respect to application, the M2M segment accounted for the majority revenue share of the global market in the 2019. The smartphones sub-segment under consumer electronics, is expected to register significant revenue growth in the coming years.

Regional Segmentation and Analysis:

North America accounted for the majority revenue shares of the global eSIMmarket owing to rapid technological advancements, and the strong presence of network providers in the region. However, the APAC is expected to register high revenue growth over the next 10 years, owing to the increasing demand for embedded technology in vehicles and the increasing adoption of IoT technology.

Segmentation of the GlobaleSIMMarket:

Segmentation bySolutions:

• Hardware
• Connectivity Services

Segmentation by Application:

• Consumer Electronics
• Smartphones
• Wearables
• Others
• M2M
• Automotive
• Energy & Utilities
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa