E-Sim Market Size, Trends & Analysis - Forecasts To 2025 By Application (Smart Phones, Laptops, Tablets, Wearables, M2M [Connected Cars, Access Gates, Utility, Others]); By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa); End-Use Landscape; Vendor Landscape and Competitor Analysis - Global Market Estimates
E-Sim Market Insights
The global e-sim market is projected to increase at an exponential CAGR over the forecast period. The market is expected to be influenced by the advantages offered by e-sim over conventional SIM cards. E-sim is expected to be widely accepted by OEMs, due to its compact design. It can also utilize the saved space to provide additional storage and increase the size of the battery in devices such as tablets and smartphones.
E-sim is anticipated to gain a lot of traction among the consumers due to lower costs of connected products coupled with increase in the number of connected devices and an enhanced customer experience with greater flexibility. E-sim is also likely to be potentially used by multinational organizations as it provides immense market opportunities in areas such as M2M, IoT, and connected cars. It is also likely to result in reduction of SIM handling, integration and handling costs.
E-Sim Market: Application Insights
The global e-sim market is segmented into smart phones, laptops, tablets, wearables, and M2M among others, based on application. M2M segment is further sub-segmented into connected cars, access gate, utility and others.M2M application segment accounted for the largest revenue share in 2016 and is further anticipated to post a significant CAGR over the forecast period. It can also lead to the reduction of SIM handling, integration and handling costs.
E-sim is widely used in connected cars for real-time navigation, services such as parking, traffic, or weather information, and insurance and breakdown services.
E-sim in smartphones is expected to be launched in the next few years and is further likely to grow at a substantial CAGR over the coming years.
E-Sim Market: Regional Insights
Europe held the largest revenue share in the global e-sim market in 2016 followed by North America. The regional growth is attributed to favourable government initiatives that enabled automation and data exchange in manufacturing technologies.
North America is expected to grow at an increasing rate over the coming years. Demand is expected to arise particularly from U.S. The early adoption of technology in the region coupled with the advantages offered by the product is likely to drive the regional growth over the forecast period.
Middle East and Africa are also anticipated to account for significant revenue share over the forecast period.
South America is further projected to grow at a substantial rate due to increasing adoption of embedded SIM in utilities. Brazil accounted for the largest revenue share in the region.
The market in Asia Pacific is expected to witness impressive growth and post a lucrative CAGR over the projected period. Factors such as increasing adoption of E-Sim technology in M2M devices and IoT across several regions in the country are likely to contribute towards the regional growth.
E-Sim Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global E-Sim market. The major consumers of the product are Ford Motor, General Motors, and Renault among others.
E-Sim Market Share & Competitor Analysis
Key players operating in the global E-Sim market include Apple Inc., NTT DOCOMO Inc., OT-Morpho, Telefonica S.A., Samsung, Gemalto N.V., Giesecke & Devrient GmbH, Deutsche Telekom AG, Sierra Wireless Inc., and ST Microelectronics.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2017, Telstra announced to launch 'Telstra One Number' e SIM technology.
Check the Press Release on Global E Sim Market Report
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The global E-Sim Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the E-Sim Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing E-Sim, and customer analytics.
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