The worldwide e-SIM market is likely to generate 913.9 million by the conclusion of 2024, developing at 28.0% CAGR over the assessment period 2018 to 2024. The adoption of IoT in industrial and consumer verticals is fueling the expansion of the e-SIM market. The e-SIM was introduced to subjugate the limitations posed by conventional SIM cards and meet the connectivity demands of new-age connected gadgets such as automobiles and smart robots. The market for e-SIM is expanding owing to the development of IoT applications throughout different verticals. IoT devices need unified connectivity, and conventional sim cards are restricted in their provisioning capacities which is significant for IoT equipment. e-SIM enables over-the-air remote provisioning that removes the need for physical SIM cards. The consumer market presents a few challenges for the e-SIM. The challenges are mostly associated with loyalty and customer churn. As the e-SIMs do not need physical cards, therefore operator provisioning is conducted over-the-air without paying a visit to a physical operator store. This would provide no motivation for loyalty and customer interaction since physical interaction becomes unnecessary. Mobile operators are putting effort to figure out a method to overcome this problem before supporting the technology on a large scale.
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The global e-SIM market is widely segmented based on region and end user. Based on end user, the e-SIM market is segmented into energy & utilities, automotive, retail, manufacturing, transportation & logistics, and consumer electronics. Consumer electronics sector represented the major market share reflecting a worth of USD 76.7 million in 2018; it is estimated to lead the market over the review period. The manufacturing segment is anticipated to develop at a substantial CAGR of 29.0% throughout the assessment period as it is a frontrunner in the employment of industrial IoT services.
Global e-SIM market is dominated by key players like STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), Gemalto NV (Netherlands), NXP Semiconductors (Netherlands), Giesecke+Devrient GmbH (Germany), Deutsche Telekom AG (Germany), Sierra Wireless., (Canada), NTT Docomo, Inc. (Japan), Singtel (Singapore), and Telefonica S.A. (Spain).
Based on region, the global e-SIM Market is segmented into Europe, North America, the Middle East & Africa, South America, and Asia-Pacific (APAC). In 2018, North America held the largest share of the e-SIM market. It is anticipated to retain its position in the market over the estimation period. The key aspects propelling the development of e-SIM market within the region comprise the all-embracing support from network service providers for e-SIM standards and the increasing espousal of IoT based smart factories. APAC market is estimated to observe the highest CAGR of 29.4% throughout the assessment period. The Asia-Pacific market mainly consists of economies such as Japan, China, South Korea, India, and the rest of Asia-Pacific. Development in this region can be ascribed to the prevalence of active players in Japan, China, India, Hong Kong, and South Korea. The players performing successfully in the APAC market include names like NTT Docomo, Inc., Reliance Jio, Airtel, and others. Other eminent players within this market are developing their services within the potential Asia-Pacific markets by collaborating with component providers and network. India is likely to be a key region in the market throughout the review period.
October 2019: Korean technology giant Samsung recently launched its latest Galaxy Tab S6 collectively with Galaxy Watch Active 2 and Galaxy Watch 4G in India. With the launch of the tablet, the firm has augmented its emphasis on the two-in-one section. The Galaxy Watch 4G is the first e-SIM equipment from Samsung that facilitates the customers to communicate without even having their phones, although the Watch Active 2 extends advanced features of fitness tracking.
LIST OF TABLES
Table1 Global E-SIM Market, By Country, 2018-2023
Table2 North America: E-SIM Market, By Country, 2018–2023
Table3 Europe: E-SIM Market, By Country, 2018–2023
Table4 Asia-Pacific: E-SIM Market, By Country, 2018–2023
Table5 Latin America: E-SIM Market, By Country, 2018–2023
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LIST OF FIGURES
Figure 1 Global E-SIM Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of Global E-SIM Market
Figure 4 Value Chain Of Global E-SIM Market
Figure 5 Share Of E-SIM Market In 2018, By Country (In %)
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