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eSIM Market: The Next Big Thing Witnessing Stunning Growth

ESIM is useful for applications in which settings are required to be remotely updated, has the capability to bypass the form factor issues, and enables easy manufacturing and deployment of several IoT devices and sensors. Presently, the global eSIM market is in its nascent phase. With the steady adoption of the IoT technology across various industries, the overall eSIM market is likely to gain traction in the coming years.

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eSIM Market: The Next Big Thing Witnessing Stunning Growth

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  1. MarketsandMarkets Presents eSIM Market: The Next Big Thing Witnessing Stunning Growth eSIM Market by Application (Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables), Vertical (Automotive, Consumer Electronics, Energy & Utilities, Manufacturing, Retail, Transportation & Logistics), and Geography - Global Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/esim-market-69178757.html

  2. The overall eSIM market is estimated to grow from USD 253.8 Million in 2018 to USD 978.3 Million by 2023, at a CAGR of 31.0% between 2018 and 2023. The emphasis on remote SIM provisioning for M2M, favourable government regulations boosting M2M communication and high adoption of IoT technology are driving the demand for eSIM solutions. ESIM is useful for applications in which settings are required to be remotely updated, has the capability to bypass the form factor issues, and enables easy manufacturing and deployment of several IoT devices and sensors. Presently, the global eSIM market is in its nascent phase. With the steady adoption of the IoT technology across various industries, the overall eSIM market is likely to gain traction in the coming years. Browse 31 market data Tables and 36 Figures spread through 116 Pages and in-depth TOC on "eSIM Market - Global Forecast to 2023"

  3. The M2M application is estimated to lead the eSIM market in 2018. The increasing penetration of the internet, coupled with the rising adoption of IoT across verticals such as automotive, consumer electronics, energy & utilities, manufacturing, retail, and transportation & logistics, is primarily driving eSIM adoption. In addition, favourable regulatory frameworks are facilitating the growth of M2M across verticals. ESIM is now a mainstream technology in the M2M application. It plays a pivotal role in this application owing to its remote programmability and high security. Ask Free PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69178757 The rapidly growing M2M market across verticals is expected to contribute to the dominance of M2M application during the forecast period. However, the lack of standardization in connectivity protocols is expected to hinder the eSIM market growth.

  4. Based on vertical, the telecommunications vertical is anticipated to witness the fastest growth during the forecast period. The telecommunications vertical remains one of the major forces shaping disruption, innovation, and growth across various technology industries. ESIM is anticipated to be a game changer in telecommunications applications. It aids in intelligent switching of operator profiles without any hassle to the end user, with no geographical border constraints. The adoption of eSIM by telecommunications stakeholders is likely to position them as leading players in connectivity and IoT markets in the coming years. Europe is estimated to hold the largest share of the eSIM market in 2018, followed by North America and Asia Pacific. However, by 2023, North America is likely to hold the largest market share globally. The increasing focus on the linking and digitization of future products and services is boosting the growth of the semiconductor industry. The semiconductor industry offers key technology solutions such as security, energy efficiency, mobility, and smart grid, across verticals. Furthermore, semiconductors are viewed as building blocks for enhanced environmental monitoring, energy efficiency, and better security. It is one of the most R&D-intensive industries in Europe. The demand for eSIM is likely to gain momentum in the near future owing to the rapid adoption of advanced technologies, changing consumer demographics, as well as shifting consumer preferences.

  5. ESIM cards allow remote provisioning of SIM profiles through enabling automatic interoperability between connectivity platforms and multiple SIM operator profiles. However, the operational flexibility achieved by an embedded SIM would be a futile effort if security is compromised. The eSIM collects and stores the credentials of mobile network operators (MNOs) in the inbuilt software of the device, which is prone to various security hacks. In addition, it operates through multiple MNOs and physical platforms, thereby exposing it to the risks of the virtual environment. Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=69178757 Major players operating in the eSIM market include Deutsche Telekom AG (Germany), Gemalto NV (Netherlands), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), NTT DOCOMO, INC. (Japan), NXP Semiconductors N.V. (Netherlands), Sierra Wireless, Inc. (Canada), Singapore Telecommunications Limited (Singapore), STMicroelectronics (Switzerland), and Telefónica, S.A. (Spain). Key market players focus on acquisitions, collaborations, joint ventures, partnerships, and product launches and developments to enhance their product offerings and expand their businesses.

  6. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

  7. Contact Us Contact: Mr. Sanjay Gupta MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/esim.asp

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