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Global Embedded Subscriber Identity Module (E-SIM) Market to reach USD 26.06 billion by the end of 2029.

Global Embedded Subscriber Identity Module (E-SIM) Market Size study & Forecast, by Application (Connected Cars, Laptops, M2M, Smartphones and Tablets, Wearables, Others), by Industry Vertical (Automotive, Energy & Utilities, Manufacturing, Retail, Consumer Electronics, Others) and Regional Analysis, 2022-2029

Product Code: ICTNGT-35015513
Publish Date: 17-04-2023
Page: 200

Global Embedded Subscriber Identity Module (E-SIM) Market is valued at approximately USD 3.06 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 30.7% over the forecast period 2022-2029. Embedded Subscriber Identity Module (E-SIM) or eSIM can be defined as a digital SIM that allows users to use a cellular plan from a telecom carrier without having to use a physical nano-SIM. e-SIM works the same way as a traditional SIM card, and it is actually pre-installed in the device and can be activated by installing the “eSIM profile” of the telecom operator. The rise in adoption of IoT technology and growing penetration of connected devices are key factors driving the market growth.

Over the years penetration of connected devices has significantly increased. For instance, as per Statista – in 2020, the number of Internet of Things (IoT) devices worldwide was estimated at 9.7 billion, and the number of IoT connected devices is projected to grow to 29 billion in 2030. In 2030, the highest number of IoT devices would be around 5 billion would be in China. Also, favorable government regulations boosting M2M communications and an increase in mobile computing devices would create a lucrative growth prospectus for the market over the forecast period. However, the rise in privacy and security concerns associated with Embedded Subscriber Identity Modules (E-SIM) stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Embedded Subscriber Identity Module (E-SIM) Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players, and growing adoption of wearable electronics as well as increasing usage of eSIM in smartphones in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising penetration of IoT connected devices as well as growing expansion of machine-to-machine communication in the region.

Major market players included in this report are:
Thales (France)
STMicroelectronics (Netherlands)
Infineon Technologies AG (Germany)
Giesecke+Devrient Mobile Security GmbH (Germany)
Sierra Wireless (Canada)
Orange Business Services (France)
SAMSUNG (North Korea)
Telenor Group (Sweden)
Telit (U.S.)

Recent Developments in the Market:
Ø In Nov 2021, KORE, a leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), launched KORE OmniSIM™, a new eSIM solution that makes IoT connectivity more accessible and seamless across the globe.

Global Embedded Subscriber Identity Module (E-SIM) Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Industry Vertical, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application
Connected Cars
Smartphones and Tablets

By Industry Vertical
Energy & Utilities
Consumer Electronics

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Embedded Subscriber Identity Module (E-SIM) Market, by Region, 2019-2029 (USD Billion)
1.2.2. Embedded Subscriber Identity Module (E-SIM) Market, by Application, 2019-2029 (USD Billion)
1.2.3. Embedded Subscriber Identity Module (E-SIM) Market, by Industry Vertical, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Embedded Subscriber Identity Module (E-SIM) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Embedded Subscriber Identity Module (E-SIM) Market Dynamics
3.1. Embedded Subscriber Identity Module (E-SIM) Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rise in adoption of IoT technology Growing penetration of connected devices
3.1.2. Market Challenges Rise in privacy and security concerns
3.1.3. Market Opportunities Favourable government regulations boosting M2M communications Increase in mobile computing devices
Chapter 4. Global Embedded Subscriber Identity Module (E-SIM) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Embedded Subscriber Identity Module (E-SIM) Market, by Application
6.1. Market Snapshot
6.2. Global Embedded Subscriber Identity Module (E-SIM) Market by Application, Performance – Potential Analysis
6.3. Global Embedded Subscriber Identity Module (E-SIM) Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
6.4. Embedded Subscriber Identity Module (E-SIM) Market, Sub Segment Analysis
6.4.1. Connected Cars
6.4.2. Laptops
6.4.3. M2M
6.4.4. Smartphones and Tablets
6.4.5. Wearables
6.4.6. Others
Chapter 7. Global Embedded Subscriber Identity Module (E-SIM) Market, by Industry Vertical
7.1. Market Snapshot
7.2. Global Embedded Subscriber Identity Module (E-SIM) Market by Industry Vertical, Performance – Potential Analysis
7.3. Global Embedded Subscriber Identity Module (E-SIM) Market Estimates & Forecasts by Industry Vertical 2019-2029 (USD Billion)
7.4. Embedded Subscriber Identity Module (E-SIM) Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Energy & Utilities
7.4.3. Manufacturing
7.4.4. Retail
7.4.5. Consumer Electronics
7.4.6. Others
Chapter 8. Global Embedded Subscriber Identity Module (E-SIM) Market, Regional Analysis
8.1. Embedded Subscriber Identity Module (E-SIM) Market, Regional Market Snapshot
8.2. North America Embedded Subscriber Identity Module (E-SIM) Market
8.2.1. U.S. Embedded Subscriber Identity Module (E-SIM) Market Application breakdown estimates & forecasts, 2019-2029 Industry Vertical breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Embedded Subscriber Identity Module (E-SIM) Market
8.3. Europe Embedded Subscriber Identity Module (E-SIM) Market Snapshot
8.3.1. U.K. Embedded Subscriber Identity Module (E-SIM) Market
8.3.2. Germany Embedded Subscriber Identity Module (E-SIM) Market
8.3.3. France Embedded Subscriber Identity Module (E-SIM) Market
8.3.4. Spain Embedded Subscriber Identity Module (E-SIM) Market
8.3.5. Italy Embedded Subscriber Identity Module (E-SIM) Market
8.3.6. Rest of Europe Embedded Subscriber Identity Module (E-SIM) Market
8.4. Asia-Pacific Embedded Subscriber Identity Module (E-SIM) Market Snapshot
8.4.1. China Embedded Subscriber Identity Module (E-SIM) Market
8.4.2. India Embedded Subscriber Identity Module (E-SIM) Market
8.4.3. Japan Embedded Subscriber Identity Module (E-SIM) Market
8.4.4. Australia Embedded Subscriber Identity Module (E-SIM) Market
8.4.5. South Korea Embedded Subscriber Identity Module (E-SIM) Market
8.4.6. Rest of Asia Pacific Embedded Subscriber Identity Module (E-SIM) Market
8.5. Latin America Embedded Subscriber Identity Module (E-SIM) Market Snapshot
8.5.1. Brazil Embedded Subscriber Identity Module (E-SIM) Market
8.5.2. Mexico Embedded Subscriber Identity Module (E-SIM) Market
8.5.3. Rest of Latin America Embedded Subscriber Identity Module (E-SIM) Market
8.6. Rest of The World Embedded Subscriber Identity Module (E-SIM) Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Thales (France) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. STMicroelectronics (Netherlands)
9.2.3. Infineon Technologies AG (Germany)
9.2.4. Giesecke+Devrient Mobile Security GmbH (Germany)
9.2.5. NTT DOCOMO (Japan)
9.2.6. Sierra Wireless (Canada)
9.2.7. Orange Business Services (France)
9.2.8. SAMSUNG (North Korea)
9.2.9. Telenor Group (Sweden)
9.2.10. Telit (U.S.)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
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