Smartphone Penetration Fuels Exponential Growth In The eSIM

Published 2 months ago• 5 minute read

eSIM Market

What market dynamics are playing a key role in accelerating the growth of the esim market?
The escalating misuse of smartphones considerably fuels the expansion of the eSIM market. This type of phone is considered a mobile device with highly sophisticated features. Embedded in consumer gadgets like smartphones, eSIMs permit users to reprogram SIM contents such as the network carrier profiles and international mobile subscriber identifier (IMSI) using software. Therefore, there is no need for SIM card replacement. In July 2023, Demand Sage, a revenue operations platform based on Google Sheets in the United States, estimated that the global smartphone user count was approximately 6.8 billion. This was an upsurge from nearly 6.6 billion in 2022. Consequently, the mounting penetration of smartphones propels the eSIM market.

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How will the growth rate of the esim market shape industry trends by 2034?
In recent times, the esim market has experienced fast-paced growth. It is predicted to expand from a worth of $10.76 billion in 2024 to $12.08 billion in 2025, with a compound annual growth rate (CAGR) of 12.3%. The surge witnessed in the historical period is connected to factors like the growing usage of IoT devices, heightened demand for mobile connectivity, globalization and cross-border connectivity, security and authentication need, as well as the demand for compact and integrated solutions.

In the upcoming years, the esim market is anticipated to witness a swift expansion. The forecast suggests that the market will surge to $20.53 billion in 2029, growing at a CAGR of 14.2%. This growth in the predicted period can be credited to the ongoing expansion of IoT connectivity, the proliferation of 5G networks, the evolution of new use cases, increased diffusion of mobile devices, and the heightening demand for remote sim provisioning. Notable trends projected for this period are a surge in IoT proliferation, integration of embedded sims in smart home appliances, inter-industry cooperation, assimilation with blockchain technology, and a priority focus on security and authentication.

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What trends are poised to drive the future success of the esim market?
Leading corporations in the eSIM industry aim to develop digital 5G tourist eSIMs with unique capabilities, such as an electronic and user-friendly activation process to cater to the rising demand from overseas visitors. An electronic and user-friendly activation procedure refers to the use of digital means, typically over online platforms or apps, to initiate and employ services or functionalities. For example, Singtel, a telecommunications corporation based in Singapore, unveiled a 5G Tourist eSIM in September 2023 to cater to the increasing needs of international travelers. The objective was to provide superior convenience and value, enabling tourists to handle their connectivity prerequisites online prior to reaching Singapore. In the backdrop of the Grand Prix event, the digital 5G Tourist eSIM promises an easy activation process, thereby saving time spent on traditional SIM card transactions. Singtel aims to elevate the travel experience by delivering uninterrupted connectivity and other digital innovations using 5G technology.

Which primary segments of the esim market are driving growth and industry transformations?
The eSIM market covered in this report is segmented -

1) By Solution: Hardware, Connectivity Services
2) By Application: Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables, Other Applications
3) By Vertical: Automotive, Consumer Electronics, Energy And Utilities, Manufacturing, Retail, Transportation And Logistics

Subsegments:
1) By Hardware: eSIM Chips, eSIM Modules, Integrated Circuits (ICs)
2) By Connectivity Services: Remote SIM Provisioning, Mobile Network Operator (MNO) Services, Data Plans And Subscription Services

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Which geographical regions are pioneering growth in the esim market?
North America was the largest region in the eSIM market in 2024. The regions covered in the esim market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the influential players reshaping the esim market landscape?
Major companies operating in the eSIM market include Infineon Technologies AG, NXP Semiconductors N.V, Samsung Group, STMicroelectronics, CEC Huada Electronic Design Co Ltd, Eastcompeace Technology Co Ltd, Valid S.A., Microchip Technology Incorporated, Sony Group Corporation, EM Microelectronic, Watchdata Technologies Ptd Ltd, CardLogix Corporation, Gemalto (now Thales Digital Identity and Security), IDEMIA, Giesecke+Devrient, Sierra Wireless, Deutsche Telekom AG, Telit, Arm Holdings, Vodafone Group, Telefónica, Cubic Telecom, Truphone, Workz Group, KORE Wireless, Kigen

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What Is Covered In The eSIM Global Market Report?

• Market Size Forecast: Examine the esim market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the esim market for a structured understanding.
• Key Players Overview: Analyze major players in the esim market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the esim market.
• Segment Contributions: Evaluate how different segments drive overall growth in the esim market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the esim market.
• Industry Challenges: Identify potential risks and obstacles affecting the esim market.
• Competitive Landscape: Review strategic developments in the esim market, including expansions, agreements, and new product launches.

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