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eSIM Market to Reach USD 5420 Million by 2030, Driven by Increasing Demand for Connected Devices and IoT Applications: Verified Market Research®The "Global eSIM Market By Application (Connected Cars, Laptops, M2M), By Vertical (Consumer Electronics, Energy And Utilities), By Geographic Scope & Forecast, 2023-2030" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global eSIM Market, including its growth prospects, market trends, and market challenges. JERSEY CITY, N.J., April 25, 2023 /PRNewswire/ -- The Global eSIM Market is projected to grow at a CAGR of 28.2% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 540 Million in 2021 and is expected to reach USD 5420 Million by the end of the forecast period.  Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=3556 Browse in-depth TOC on "eSIM Market" 202 - Pages 126 – Tables 37 – Figures 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 comingyears, 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.
Browse Related Reports: 5G Chipset Market By Product (Network Infrastructure Equipment, Customer Premises Equipment (CPE), Devices), By Integrated Circuit (Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC)), By Industry (Building Automation, Industrial Automation), By Geography, And Forecast IoT Devices Market By Application (Smart Retail, Smart Mobility), By Platform (Network Management, Device Management), By Software Solution (Security Solution, Data Management), By Geography, And Forecast Smart Sensor Market By Sensor Type (Pressure Sensors, Flow Sensors), By Technology (MEMS Technology, CMOS Technology), By Component (Transceivers, Amplifiers), By Connectivity (Wired Network Connectivity, Wireless Network Connectivity), By End-User Industry (Biomedical And Healthcare Industry, Automotive Industry), By Geography, And Forecast Telecom Equipment Market By Type (Network Communication Equipment, Mobile Communication Device, and Optical Communication Equipment), By Application (Consumer Electronics, Banking, Media, Retail), By Geography, And Forecast 5 Best Telecom Managed Services: Enhancing communication for smarter connections Visualize eSIM Market using Verified Market Intelligence -: Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future. VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market. About Us Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions. Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research. We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries. Contact Us Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg
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