Elettronica
Global eSIM Market to Surpass US$ 19.3 Bn by end of 2027, Says Coherent Market Insights
https://www.coherentmarketinsights.com/insight/request-sample/4290
Growing demand for Esim from tablets, smartphones, and others is driving growth of the market. Recent studies since 2019 suggest that there has been a major jump in the daily hour usage of smartphones per user. "There is nearly a 39 per cent increase in smartphone usage from 2019. Such rise in usage of smartphone is propelling growth of the market. The growth is also attributed to the increasing disposable income of consumers. According to the National Bureau of Statistics (NBS), China's rural and urban per capita disposable income reached US$ 5,658.45 from US$ 2,107.2 in 2018.
Technological advancement is another key factor propelling growth of the market. For instance, in June 2021 , EMnify, announces the release of eSIM for evaluation customers, enabling IoT developers to sign up and develop with the EMnify API immediately, anywhere in the world. The eSIM lets users install EMnify's global SIM profile on a compatible device in seconds without having to order and swap physical SIM cards.
Growing application of Esim from retail, energy, transportation, automotive and many others is projected to provide lucrative growth opportunities. For example, in February 2018 , NXP Semiconductor, Netherland based semiconductor manufacture company launched eSIM enabled devices for 5G and IoT applications. These devices provides end-to-end security in order to provide safe data protection for consumers, service providers and original equipment manufacturers. Similarly, in October 2021 , Valid has launched a state of art mioSIM eSIM for Consumer 3.0 solution ready to answer the industry demand for secure transversal applications with the support of Android Strongbox technology – an Android Ready SE applet responsible for the secure provisioning of Android keys
Increasing penetration of smart meters, smart cities, and electric vehicles is expected to bring bright opportunities to the . For instance, in November 2018 , Workz Group, Dubai based company that offer SIM provisioning solutions announced an agreement with the African government to implement embedded eSIM enabled water meter in the country.
Growing popularity of integration of devices with eSIM will favour the growth of the eSIM market. For instance, in June 2021 , SIMCom announced that the SIMCom NB-IoT SIM7070 module measuring only 24 mm x 24 mm can now be equipped with a compact eSIM security controller from Infineon powered by GSMA-compliant remote SIM management software provided by Kigen (UK) Ltd.
Key players are adopting strategic partnership to develop Esim that help to reduce complexity in manufacturing operations and also streamline process. For instance, in August 2021 , AT&T and Kigen are working together to help customers streamline their supply chains and reduce the time to market for enterprises who want to leverage SIM, embedded SIM (eSIM) and integrated SIM (iSIM) secured connectivity deep in their IoT devices.
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Mr. Shah
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