Embedded SIM (eSIM) Market Will Hit Big Revenues In Future | KORE Wireless Group, Giesecke+Devrient, Arm Limited.
According to a recent report by Emergen Research, the global Embedded SIM (eSIM) Market would be worth USD 3019.1 million by 2027. Due to the increasing deployment of IoT connected devices in manufacturing, the embedded sim (eSIM) market is anticipated to increase significantly throughout the projected timeframe. The increasing adoption of smart solutions across the world is anticipated to further fuel market expansion. Additionally, as eSIM offers various sophisticated functionalities in electric vehicles, the expanding government attempts to apply them are anticipated to boost market growth.
The higher cost than regular SIM, however, is what is anticipated to limit market expansion throughout the forecast period.
Driver: Remote SIM provisioning for M2M is emphasised.
Without requiring physical access to the SIM card, remote provisioning allows you to download an operator profile to an in-market SIM and alter or delete the SIM profiles. Machine-to-machine (M2M) connections, which include simple and smooth mobile connections for all types of linked devices, depend heavily on the eSIM card. A requirement for M2M is the pervasive networking of devices across geographical regions. Embedded SIM runs in a controlled and secure environment and eliminates the inconvenience of switching service providers, which increases operational efficiency. The most recent embedded SIM cards provide verified profile compatibility and a main platform for the participants to collaborate on an equal playing field.
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Restraint: Increasing the threat to security
With the development of technology, the adoption of IoT devices, and the growth of M2M services, it is crucial to guarantee secure and dependable communication across connected systems. As a result, maintaining the security of these systems has become a challenging undertaking. Because embedded SIM cards support automatic interoperability between connectivity platforms and various SIM operator profiles, they enable remote provisioning of SIM profiles. However, if security is broken, the operational flexibility provided by an integrated SIM would be for nothing.
Possibility: Increasing need for intelligent solutions
Due to the flexibility and connection provided by the IoT infrastructure and the increased drive for smart cities and infrastructure growth in emerging countries, smart solutions, such as electric vehicles, smart cities, and smart metres, are being embraced more widely around the world. A few of the important drivers that will result in the introduction of services like the deployment of smart grids, automatic security systems, connected cars, among many others, include the evolution and expansion of networks, reduced cost of hardware components like sensors and actuators, and the emergence of new business models. This will increase investments in creating innovative smart solutions.
Key participants include KORE Wireless Group Inc., Giesecke+Devrient Mobile Security GmbH, Arm Limited, Gemalto NV, STMicroelectronics, Infineon Technologies AG, NXP Semiconductors N.V., Deutsche Telekom AG, Sierra Wireless Inc., and Vodafone Group Plc among others.
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Emergen Research has segmented the global Embedded SIM (eSIM) Market on the basis of solution, application, end-use, and region:
Solution Outlook (Revenue, USD Million; 2017-2027)
- Connectivity Services
Application Outlook (Revenue, USD Million; 2017-2027)
Machine to Machine
End-Use Outlook (Revenue, USD Million; 2017-2027)
Energy & Utilities
Transportation & Logistics
Regional Outlook (Revenue, USD Million; 2017-2027)
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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