ESIM Market Forecast 2030: Exploring Growth and Share
Global eSIM Market size was valued at USD 1.03 billion in 2022 and is projected to reach USD 4.74 billion by 2030, growing at a CAGR of 21.02% from 2023 to 2030.
The fast changing telecommunications business, where virtual, embedded SIM technology is replacing traditional physical SIM cards, is known as the "eSIM" (embedded Subscriber Identity Module) market. Without requiring a physical SIM card swap, this cutting-edge method of mobile communication enables users and companies to remotely and easily move between cell carriers and plans. Mobile network operators, device makers, end users, and other stakeholders are all involved in the eSIM industry and have contributed to the development and uptake of this game-changing technology.
An important factor propelling the eSIM market's growth is the growing number of connected devices that go beyond smartphones. These consist of computers, tablets, wearables, IoT (Internet of Things) gadgets, and even cars. ESIMs provide a practical way to control connectivity amongst these heterogeneous devices, making it easier for consumers to activate, deactivate, or switch between mobile plans. This flexibility is especially helpful for regular travelers because it eliminates the trouble of having to buy a physical SIM card at each destination and allows for local carrier selection.
eSIM Market Key Players:
Telefónica, Semtech Corporation, Giesecke+Devrient GmbH, AT&T, Orange, Arm Limited, KORE Wireless, Workz, Oasis Smart-SIM, Vodafone Group, STMicroelectronics, Thales, Deutsche Telekom AG, NXP Semiconductors, Infineon Technologies AG, Telit, IDEMIA, TP Global Operations Limited, Sinch, Singtel, Etisalat, Other major players.
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Global eSIM Market size was valued at USD 1.03 billion in 2022 and is projected to reach USD 4.74 billion by 2030, growing at a CAGR of 21.02% from 2023 to 2030.
The fast changing telecommunications business, where virtual, embedded SIM technology is replacing traditional physical SIM cards, is known as the "eSIM" (embedded Subscriber Identity Module) market. Without requiring a physical SIM card swap, this cutting-edge method of mobile communication enables users and companies to remotely and easily move between cell carriers and plans. Mobile network operators, device makers, end users, and other stakeholders are all involved in the eSIM industry and have contributed to the development and uptake of this game-changing technology.
An important factor propelling the eSIM market's growth is the growing number of connected devices that go beyond smartphones. These consist of computers, tablets, wearables, IoT (Internet of Things) gadgets, and even cars. ESIMs provide a practical way to control connectivity amongst these heterogeneous devices, making it easier for consumers to activate, deactivate, or switch between mobile plans. This flexibility is especially helpful for regular travelers because it eliminates the trouble of having to buy a physical SIM card at each destination and allows for local carrier selection.
eSIM Market Key Players:
Telefónica, Semtech Corporation, Giesecke+Devrient GmbH, AT&T, Orange, Arm Limited, KORE Wireless, Workz, Oasis Smart-SIM, Vodafone Group, STMicroelectronics, Thales, Deutsche Telekom AG, NXP Semiconductors, Infineon Technologies AG, Telit, IDEMIA, TP Global Operations Limited, Sinch, Singtel, Etisalat, Other major players.
Your Sample Report Is Just a Click Away!
Introspective Market Research specializes in delivering comprehensive market research studies that provide valuable insights and strategic guidance to businesses worldwide. Our reports draw data f
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