eSIM Market to Reach USD 5420 Million by 2030, Driven by Increasing Demand for Connected Devices and IoT Applications: Verified Market Research®

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Global eSIM Market to Grow at a Rapid Pace with Increasing Adoption of Embedded SIM Technology

The global eSIM market is poised to grow rapidly over the next decade, with a projected value of USD 5420 million by 2030. The market drivers for eSIM technology are based on the embedded SIM or embedded universal integrated circuit card (eUICC) technology, which allows for programmable SIM cards that can support multiple SIM profiles. eSIMs offer a level of security similar to traditional SIM cards, with the added benefit of over-the-air (OTA) updates.

The GSMA, which manages traditional SIM cards, also supports eSIM technology and has defined it as the next-generation technology for connected consumer products. With eSIMs, consumers and businesses can enjoy increased operational flexibility, eliminating the need to switch service providers and optimizing operator efficiency. This is a primary driver for the global eSIM market.

The features provided by eSIMs make them useful for a wide range of applications in areas such as electronics, home IoT applications, industrial applications, logistics, and machine-to-machine solutions. The remote positioning feature allows for easy-to-activate machine-to-machine solutions, while the ability to remotely change SIM profiles provides added convenience for users.

Prominent players in the global eSIM market include Gemalto NV, Deutsche Telekom AG, Sierra Wireless Inc, Singapore Telecommunications Limited, STMicroelectronics, Telefónica, Infineon Technologies AG, NTT DOCOMO, NXP Semiconductors NV, and Giesecke & Devrient GmbH. With the increasing adoption of embedded SIM technology, these companies are poised to capitalize on the growing demand for eSIMs.

Overall, the global eSIM market is expected to grow rapidly in the coming years, with the adoption of eSIM technology disrupting the traditional SIM card market. The flexibility, security, and convenience offered by eSIMs make them an attractive option for consumers and businesses alike.

Based on the research, Verified Market Research® has segmented the global eSIM Market into Application, Vertical, And Geography.

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