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Embedded SIM (eSIM) is a new class of SIM technology that operates electronically. In other words, this sort of SIM card is already embedded or integrated into devices including laptops, smartphones, tablets, smart home devices, etc. eSIM card can also be used for machine to machine communication including connected cars and the Internet of things (IoT) for industrial application in Oil and Gas and Power and Utility sector. According to the Ericsson mobility report, 2018, the global users of smart mobile would reach to 5.7Bn in 2019, with a penetration rate of 14%.
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Growing adoption of machine learning technology in vehicles, implementation of smart cities/smart technologies backed by the growing demand for increased network bandwidth are the key factors driving the growth of the global eSIM technology market. Other factors such as ease of connection and subscription management and amalgamation of eSIM with IoT devices are also anticipated to drive the global eSIM technology market.
Some of the major companies operating in the global eSIM technology market are Gemalto N.V., Infineon Technologies A.G., Deutsche Telekom, STMicroelectronics, NXP (next experience) Semiconductors, Giesecke + Devrient, NTT DoCoMo INC. (Japan), Sierra Wireless INC., and Singapore Telecommunications Limited.
· Consumer devices (smartphones/mobiles, tablets, laptops, wearable devices, smart home appliances, etc.)
By Industry Vertical
· IT and Telecommunication
· Consumer Electronics
· Transportation and logistics
· Energy and utilities
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Globally, Europe is estimated to hold the maximum share of the eSIM market revenue in 2018, followed by North America and the Asia Pacific. Further, Asia Pacific is expected to witness a strong CAGR during the forecasted period 2018-2026. Major countries including the U.K., France, and Germany are the leading revenue generator to the Europe eSIM technology market. North America is estimated to hold the second leading revenue share in the global eSIM technology market in 2018 with the U.S. dominating the market revenue share. The region is expected to show significant growth over the forecast period 2018-2026. The Asia Pacific, above all, is projected to rise with the fastest growth rate during the forecast period. The increase in the region is backed by the increasing acquisition of embedded SIM technology in M2M devices across countries including China and Japan.
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