PUBLISHER: Allied Market Research | PRODUCT CODE: 1344288
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344288
According to a new report published by Allied Market Research, titled, "Embedded Subscriber Identity Module (e-SIM) Market," The embedded subscriber identity module (e-sim) market was valued at $3.4 billion in 2022, and is estimated to reach $12.7 billion by 2032, growing at a CAGR of 14.3% from 2023 to 2032.
Remote device management is a key driver fueling the growth of the embedded subscriber identity module (E-SIM) market. The ability to remotely provision, manage, and update E-SIMs over-the-air offers significant advantages for enterprises. Organizations may streamline the deployment and configuration of devices without the need for physical intervention with remote device management. They may remotely activate and provision E-SIMs, eliminating the logistical challenges of distributing and inserting physical SIM cards. Furthermore, remote management enables efficient updates and maintenance of E-SIMs, including the ability to remotely switch network profiles or update connectivity settings. This reduces operational costs by minimizing manual interventions, improving device uptime, and enabling centralized control over a fleet of devices. Remote device management provided by E-SIM technology enhances the efficiency, scalability, and cost-effectiveness of device deployment and maintenance, making it an attractive solution for enterprises across various industries.
However, regulatory challenges are a big problem for the E-SIM market. Each country has its own rules about security, data privacy, and telecommunications. This makes things confusing and difficult for E-SIM to work smoothly everywhere. Different regulations create a fragmented situation, making it hard for E-SIM to be used easily and for different devices to work together. Companies that make devices, provide services, and run mobile networks have to deal with lots of different rules and meet different requirements. This makes things more expensive, slows down progress, and causes uncertainty. If the regulations were the same everywhere, it may make things easier and encourage more people to use E-SIM technology.
E-SIM technology presents significant market opportunities for wearable devices, including smartwatches and fitness trackers. E-SIM allows for smaller and more compact designs of wearable devices by removing the requirement for physical SIM cards. This is particularly advantageous in the case of wearable devices where space is limited. In addition, E-SIM provides users with greater flexibility as they may connect their wearable devices directly to cellular networks, independent of the connectivity of a smartphone. This means that users may enjoy features such as calls, messages, and data services directly on their wearable devices, enhancing convenience and usability. Wearable devices become more self-sufficient, offering a seamless and standalone connectivity experience for users with E-SIM. This market opportunity enables the development of innovative and user-friendly wearable devices that enhance the overall user experience.
embedded subscriber identity module. The embedded subscriber identity module market is segmented on the basis of application, industry vertical, and region. On the basis of application, the market is divided into connected cars, smartphones & tablets, wearable devices, and others. On the basis of industry vertical, the market is segregated into automotive, consumer electronics, manufacturing, telecommunication, transportation & logistics, and others. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific) and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the embedded subscriber identity module (E-SIM) industry include: STMicroelectronics, Infineon Technologies AG, Thales, Sierra Wireless, Deutsche Telekom AG, Giesecke+Devrient Mobile Security GmbH, Telenor group, Vodafone Group Plc, NTT DOCOMO, Inc., and NXP semiconductors.