Comprehensive Report on eSIM Market Growth by 2031

Straits Research, a leading provider of business intelligence and market research, has published a new report on the global eSIM Market. The report provides an in-depth analysis of the market size, key trends, driving factors, opportunities, and segmentation.

Market Size

The global eSIM Market size was valued at USD 8.34 Billion in 2022 and is projected to reach from USD XX Billion in 2023 to USD 19.35 Billion by 2031, growing at a CAGR of 10.5% during the forecast period (2023–2031).

Market Key Trends

The eSIM Market is witnessing significant growth due to several key trends. The increasing adoption of IoT devices and the rising demand for connected devices in various industries are major trends driving the market. Additionally, the shift towards remote provisioning and the growing popularity of eSIMs in consumer electronics, automotive, and other sectors are contributing to market expansion.

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Driving Factors

Several factors are driving the growth of the eSIM Market. The primary driver is the increasing demand for seamless connectivity and the convenience offered by eSIM technology. eSIMs eliminate the need for physical SIM cards, allowing users to switch carriers and manage multiple profiles easily. The growing penetration of smartphones and other connected devices, along with advancements in network infrastructure, are also fueling market growth.

Opportunities

The eSIM Market presents numerous opportunities for growth. The expansion of 5G networks and the increasing adoption of IoT devices are expected to create significant opportunities for eSIM technology. Additionally, the rising demand for secure and reliable connectivity solutions in various industries, such as automotive, healthcare, and manufacturing, offers potential for market expansion. Companies investing in R&D to enhance eSIM capabilities and develop innovative solutions are likely to gain a competitive edge.

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eSIM Market Segmentation

The eSIM Market is segmented based on several factors:

  1. By Component

    • Hardware
    • Connectivity Services

  2. By Deployment Mode

    • Cloud
    • On-Premises

  3. By Network Type

    • Private
    • Public

  4. By Data Plan

    • 2GB-5GB
    • 5GB-10GB
    • 10GB-25GB
    • Less than 2GB
    • More than 25GB

  5. By Architecture

    • M2M E-SIM Architecture
    • Consumer Electronics E-SIM Architecture

  6. By Pricing Model

    • Pay-as-you-go SIMs
    • Pay monthly SIMs

  7. By End-User

    • Consumer Electronics
      • Mobile Phones
      • Tablets
      • Laptops
      • Wearables
      • Smart Meters
      • Others
    • Automotive
    • Manufacturing
    • Retail
    • Energy and Utilities
    • Transportation & Logistics
    • Residential
    • Sports & Entertainment
    • Agriculture
    • Others

Market Segmentation with Insights-Driven Strategy Guide: https://straitsresearch.com/report/esim-market/segmentation

List of Key Players in the eSIM Market

The report highlights key players in the eSIM Market, including:

  1. Kigen
  2. Deutsche Telekom AG
  3. Giesecke+Devrient Mobile Security GmbH
  4. Infineon Technologies AG
  5. KORE Wireless
  6. NXP Semiconductors N.V.
  7. Sierra Wireless
  8. STMicroelectronics
  9. Thales Group
  10. Workz Group
  11. Telefónica, Semtech Corporation
  12. AT&T, Orange
  13. Arm Limited
  14. Vodafone Group

Table of Contents for the eSIM Market Report: https://straitsresearch.com/report/esim-market/toc

Conclusion

The eSIM Market is poised for substantial growth in the coming years, driven by technological advancements and increasing demand for connected devices. Straits Research's comprehensive report provides valuable insights into market trends, drivers, opportunities, and key players, helping businesses make informed decisions.

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