E-Sim Market Overview

An eSIM is a digital SIM card that allows you to activate a cellular plan from your carrier without having to use a physical SIM card . The "e" in eSIM stands for "embedded," which means that the SIM technology is embedded into the device's hardware. An eSIM is a programmable chip that is embedded in your device and cannot be removed or switched out like a physical SIM. Instead, multiple eSIM profiles can be stored on your device, and you can switch between them as needed. The use of eSIMs can be especially useful for those who regularly switch between different mobile networks or when traveling internationally and needing to switch to a local carrier. Many popular smartphones, including iPhones and Google Pixel phones, currently support eSIM technology.

The E-sim users can use more than one device with this product, and the users do not have to replace the sim cards as they are both soldered and removable forms of this sim in this market. One of the great advantages of the sim is that the user can use multiple network operators simultaneously with the usage of E-sim. The wearable market is noticing greater benefits from this technology because extra space and multiple functions of wearables are possible through the sim. Due to these properties, the E-Sim Market is accelerating rapidly. The rise in need of this sim in the automotive industries is raising the trends of the E-Sim Market because automotive has a higher requirement of e-SIM in transmissions. Properties like flexibility and efficient functions are attracting the end-users to the market. 

During the pandemic period, the E-Sim Market had faced a few challenges when the production rate of the market got declined, which resulted in shipments issues and delayed deliveries. But on the other hand, other features accelerated the market’s growth. The increased adoption of the sim with M2M Capabilities is a demand driving factor of the market. Remote provisioning features of the e-sims led to higher adoption. 

The increased adoption rate of eSIM is declining in major regions has improved its demand as the developed regions of the market provide an uninterrupted flow of digital experience to the E-sim users. Another benefit of using the sim is the user doesn’t have to follow the physical process for its activation; therefore, due to these advanced features, In 2021, the size of the ESIM market was estimated at USD 0.65 billion. According to projections, the eSIM market business will increase from USD 0.85 billion in 2022 to USD 5.77 billion by 2030, growing at a 31.40% compound annual growth rate (CAGR) throughout the course of the forecast period (2022 - 2030)..

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Market Segmentation

The E-Sim Market is segmented into vertical, applications, and end-user. These segments are divided into sub-segments based on their services and other factors. The vertical segment of the market consists of manufacturing, consumer electronics, and energy & utilities. The market is categorized into smartphones, connected cars, M2M, and laptops based on application. The end-user segment is classified into automotive, energy and utilities, manufacturing, retail, consumer electronics, transportation, and logistics.

Regional Analysis

According to the geographical report, the E-Sim Market is showing its sheer growth in major regions worldwide, such as Asia Pacific, Europe, and North America. North America is considered an early adopter due to its large investments and rise in the adoption of advanced technologies. The Asia Pacific region is noticed as the leading region of the eSIM market due to the internet penetration, higher usage of smartphones, and even the rise in awareness about the sim is accelerating the growth of the E-Sim Market. The prominent regions of Asia Pacific, such as China, India, Japan, and others, are largely emerging in the regional market.

The European region also shows a sheer growth rate due to the higher demand in automotive industries. The presence of prominent market players in the region is driving its regional market. The major regions covered under the European market are Italy, the UK, France, and Germany. The growth of communication channels and advancements in technology is benefitting these regions. 

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Industry News

A digital media group, Tata Communications, announced that it had acquired a 58.1 percent stake in Oasis Smart SIM Europe SAS to support the application of eSIM and SIM technology, which develops and delivers advanced software and personalized services.

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