Vertical: ICT
Market Size (2018)
$221.40M
Projected (2024)
$913.87M
CAGR (2018–2024)
26.7%
Key Players
10+
An embedded subscriber identity module (e-SIM) is a universal integrated circuit card (UICC) capable of hosting multiple network connectivity profiles. It supports secure over-the-air remote SIM provisioning and updates to the operating system, keys, applications, and connectivity parameters. It also securely executes sensitive services that include soldered (MFF1, MFF2) and traditional removable (2FF, 3FF) form factors. UICC is a hardware used in mobile devices that contain SIM and/or USIM applications enabling access to GSM, UMTS/ 3G, and LTE networks
The integration of removable SIMs in the mobile phones has fueled the growth of the consumer mobile market over the past few years. But the detachable SIM slots incur additional costs for the device manufacturers. Also, switching telecom network provider and changing SIM manually becomes a complex process. In this regard, the adoption of e-SIM helps to provide flexibility and simplicity both to network providers and their end users.
According to Wantstats Analysis, the e-SIM market is expected to witness high growth during the forecast period. Increasing partnerships and industry collaborations among telecom companies to provide e-SIM services, growth in the utilization of the IoT technology, and increasing inclination toward 5G services are some of the factors fueling market growth. On the other hand, customer churn and loyalty issues are some of the challenging factors for the growth of the market.
According to Wantstats analysis, the e-SIM market has been analyzed under a single segment—end user. Based on end user, the market has been bifurcated into automobile, connected cars, emergency systems, entertainment, energy & utilities, manufacturing, retail, consumer electronics, transportation & logistics, fleet management, and M2M. The consumer electronics segment accounted for the larger market share in 2018, whereas the manufacturing segment is expected to register the higher CAGR.
By region, the market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world. North America accounted for the largest market size in the e-SIMs market in 2018, and Asia-Pacific is expected to register the highest CAGR during the forecast period.
Wantstats study identifies some of the prominent key players in the e-SIM market, including Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Gemalto NV (The Netherlands), Deutsche Telekom AG (Germany), Giesecke+Devrient GmbH (Germany), NTT DOCOMO, Inc. (Japan), Sierra Wireless (Canada), Telefonica SA (Spain), and Singtel (Singapore). These players adopt partnerships, agreements, and collaborations strategies to improve their position and excel in the global e-SIM market.
The eSIM Market market is projected to grow at a CAGR of 26.7% from 2018 to 2024.
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View Subscription PlansAn embedded Subscriber Identity Module (eSIM) is a Universal Integrated Circuit Card (UICC) is capable of hosting multiple network connectivity profiles. It supports secure over-the-air remote SIM provisioning and updates to the operating system, keys, applications and connectivity parameters. It also securely executes sensitive services that include soldered (MFF1, MFF2) and traditional removeable (2FF, 3FF) form factors. A UICC is the hardware used in mobile devices that contain SIM and / or USIM applications enabling access to GSM, UMTS/ 3G and LTE networks.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
—
Historical Period
2018 – 2024
Forecast Period
2018 – 2024
Primary Interviews
150+
Historical performance and future projections
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
global e-SIM market is a new market which began evolving in 2016 and is growing at a remarkable rate due to significant technological innovations. Increasing partnerships and industry collaborations among telecom companies to provide e-SIM services, growth of IoT technology, and increasing inclination for 5G services are some of the factors helping the market grow. However, customer churn and loyalty issues could hinder the growth of this market in the future.
According to Wantstats analysis, the growth of global e-SIM is dependent on market conditions. The key vendors in the market are Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Gemalto NV (Netherlands), Deutsche Telekom AG (Germany), Giesecke+Devrient GmbH (Germany), NTT DOCOMO, INC. (Japan), Sierra Wireless (Canada), Telefonica S.A. (Spain), and Singtel (Singapore).
These companies are focusing on enhancing their products with improved technologies. Moreover, these companies are prominent providers of eSIM and are competing in the global market to increase their geographic presence, grow their customer base, and form strategic partnerships.
Giesecke & Devrient GmbH (G+D) is a technology company that develops, manufactures, and distributes products and solutions for safeguarding payment processes, identities, connectivity, and data services. The company has adopted an inorganic growth approach for the global eSIM market.
Gemalto N.V. (Gemalto) is a provider of digital security products and services, including microprocessor cards and secure personal devices. Gemalto primarily follows organic and inorganic growth approaches, which help strengthen its product portfolio in the global e-SIM market.
Infineon Technologies AG (Infineon) provides semiconductor and system solutions. The company operates through four segments: power management and multimarket, automotive, industrial power control, and digital security solutions. The company follows an organic growth approach focused on enhancing its digital security solution portfolio.
NXP Semiconductors is one of the leading manufacturers of mixed-signal semiconductor solutions. NXP Semiconductors follows an organic growth strategy, under which it takes initiatives to expand its product portfolio, including improved and upgraded products.
STMicroelectronics manufactures devices for a range of electronics applications that include smart driving and the Internet of Things (IoT). STMicroelectronics has adopted both organic and inorganic growth approaches. The company also follows the product differentiation strategy that helps it to boosts its smart connected consumer devices in order to increase its customer base and expand its geographical presence through strategic partnerships.
The e-SIM market is at the growth stage driven by various factors such as rising adoption of M2M communication technologies, growth of IoT enabled devices and connected car technology. The market has been divided between e-SIM chip manufacturers such as Infineon technologies and e-SIM network support providers such as NTT Docomo, Inc.
In this regard, Porter’s five forces model gives a comprehensive outlook for the e-SIM market that helps vendors to determine the factors that could impact the business environment.
Market estimates by geography (2024)
InsightNorth America leads with $388.12M by 2024, while Asia Pacific is projected to grow fastest at a 28.0% CAGR.
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View Subscription Plans| REGION | 2018 | 2018 | 2024 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $89.71M | $166.27M | $388.12M | 27.7% | 42% |
| Europe | $78.91M | $135.87M | $295.55M | 24.6% | 32% |
| Asia Pacific | $41.36M | $77.24M | $182.23M | 28.0% | 20% |
| Rest of the World | $11.42M | $20.83M | $47.98M | 27.0% | 5% |
| Total | $221.40M | $400.21M | $913.88M | 26.7% | 100% |
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View Subscription PlansTotal Market Size
$913.87M
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Consumer Goods | $308.15M | 26.1% | 34% |
| Manufacturing | $186.79M | 27.6% | 20% |
| Automotive | $121.90M | 25.5% | 13% |
| Retail | $118.32M | 27.2% | 13% |
| Transportation & Logistics | $107.88M | 27.3% | 12% |
| Energy & Utilities | $70.83M | 26.9% | 8% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on eSIM Market covering market dynamics, competitive landscape, and strategic outlook.
The eSIM Market market is projected to reach $913.87M by 2024, growing at 26.7% CAGR. The Consumer Goods segment holds the largest share.
The GSMA Association is encouraging the standardization of e-SIM. GSMA aims to align all ecosystem participants as per a standardized reference architecture in order to introduce e-SIMs. To further the reach of e-SIMs, GSMA has partnered with over 90 mobile network providers and network equipment manufacturers such as Verizon Communications Inc., NNT Docomo Inc., Orange SA, Telefonaktiebolaget LM Ericsson, and Nokia Inc. to standardize and expand e-SIM availability. E-SIMs also come with machine to machine (M2M) and remote provisioning capabilities. Additionally, the remote provisioning capabilities within the e-SIM standard provides users with an enhanced customer experience when activating and managing their phones. GSMA has outlined the advantages of using e-SIMs for operators and customers. By adopting e-SIM technology, operators would have the ability to provide convergent services with multiple devices (such as phones and smartwatches) under a single contract with the consumer more conveniently as compared to physical SIM cards. Consumers benefit from the network-selection option provided by the embedded connectivity technology. The ability to easily change providers means that e-SIM customers do not have to carry multiple SIMs, have full tariff transparency, and can efficiently avoid roaming charges.
The growth in smart and connected devices is dependent on 24/7 network connectivity. Such devices include POS terminals in supermarkets, smart and self-driving cars, industrial robots, and others. e-SIMs offer a technology that allows these devices to be carrier agnostic regardless of their location and switch carriers based on the best available network connectivity. Devices that need 24/7 runtime such as industrial robots would especially benefit from e-SIMs as remote provisioning would allow businesses to remotely manage networks without having to swap out traditional SIM cards.
Consumer demand for connected wearables is on the rise, with Statista estimating the shipment of 141 million units of smartwatches in 2018. These devices require connectivity and e-SIMs serve them perfectly as they can be embedded inside and need not be swapped out.
Till date, consumers have remained loyal to service providers either due to device contract agreements or due to reliable coverage in their home networks. As e-SIMs allow customers to switch operators seamlessly, short-term promotions may lead to network switching. In such an environment, it becomes imperative for service providers to find a solution to maintain customer loyalty. Customer touchpoints would also need to be redesigned as in-store experience will also be affected. E-SIM eliminates the need for customers to go to a store and acquire a SIM card when signing up for a service. Since in-store experience is an integral part of the complete service offering and influences customer decisions, operators will need to assess the potential impact of losing this customer touchpoint and consider new ways to attract customers to their sales outlets.
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Profiles of 102 companies operating in the eSIM Market market, including revenue, employee count, and market positioning where available.
Showing 102 of 102 companies
1.1.1 Business Overview Company Headquarters: Singapore Founded: 1974 Workforce: ~25,000 Company Working: Singapore Telecommunications Limited (Singtel) is one of the leading providers of multimedia and information communication technology (ICT) solutions including voice, data, and video services over fixed and wireless platform. The company operates through three business segments namely group consumer, group enterprise and group digital life. The group consumer segment includes next-generation communications, infotainment, and technology services across Asia-Pacific and Africa. The segment also includes mobile network services, pay TV, fixed broadband and voice services. The group enterprise segment includes integrated ICT solutions that include mobile and related accessories, fixed voice and data, managed services, cloud computing, cybersecurity, IT, and professional consulting. The segment offers its services over fixed and mobile networks, data centers. Moreover, the group digital life services segment is focused on three specific areas that cover digital marketing, advanced data analytics and intelligence, and premium over-the-top (OTT) video. The group has businesses across Asia-Pacific, North America, Europe, and the Middle East and Africa. Singtel aims at improving its technical capabilities of subsidiaries such as Optus Group, Bharti Airtel, and AIS. This help the company to strengthen its presence in the Asia-Pacific and European region. For instance, Singtel aims at transforming its Optus Group into a digital organization that offers converged fixed, mobile, and video services. This helps the Optus Group to enhance its service offerings and strengthen its market position in Australia. Additionally, Singtel believes in strategic partnerships to provide innovative solutions to its customers to deliver exciting digital lifestyle products and services. It also focusses on investment in supporting the growth of IoT and 5G initiatives in the next few years.
Company Headquarters: Canada Founded:1993 Workforce: ~1400 Company Working: Sierra Wireless is a provider of cellular wireless solutions to the machine-to-machine (M2M) and connected device markets. The company develops wireless products that include embedded modules and embedded software for original equipment manufacturers (OEMs). The company operates in three reportable segments namely original equipment manufacturer (OEM) solutions, enterprise solutions, and IoT services. The OEM solutions segment provides short-range wireless modules, software, tools, and cellular embedded modules for Internet of Things (IoT) connectivity, including an embedded application framework to support customer applications. The company provides standards-based wireless technologies and support for OEM customers across a broad range of industries, including automotive, energy, mobile computing, enterprise networking, transportation, healthcare, security, industrial monitoring, field services, sales and payment, and smart home. The enterprise solutions segment provides routers and gateways, including management tools and applications that enable cellular connectivity. The company markets its AirLink gateways and routers through channel partners across the world. The IoT services segment offers a secure and scalable cloud platform for deploying and managing IoT subscriptions, global cellular connectivity services, and managed broadband cellular services. The company operates in the Americas, Europe, the Middle East and Africa, and Asia-Pacific.
Company Headquarters: Japan Founded: 1991 Workforce: ~27464 Company Working: NTT DOCOMO, Inc. engages in the mobile communications business. It operates through three segments namely telecommunications, smart life, and other businesses. The telecommunications business segment provides mobile communication services, optical-fiber broadband, and other telecommunications services. The smart life business segment handles the finance or payment services, shopping services, and life-related services. It also manages the market services that include video and music distribution, electronic bookstore service, and online shopping services. The other businesses segment covers the mobile device protection service, machine to machine, system development, sales and maintenance products, and services.
Company Headquarters: Germany Founded: 1852 Workforce: ~11,389 Company Working: Giesecke & Devrient GmbH (G+D) is a technology company that develops, manufactures, and distributes products and solutions for safeguarding payment processes, identities, connectivity, and data services. The company operates through four segments namely currency technology, mobile security, veridos, and secunet. The e-SIM market falls under the mobile security segment that focuses on three areas namely financial solutions, connectivity & devices, and digital enterprise security division, e-SIM management division, and mobile payment division. Geographically, the company operates across 32 countries across the Americas, Europe, the Middle East & Africa (EMEA), and Asia-Pacific.
Company Headquarters: Germany Founded: 1995 Workforce: ~215,675 Company Working: Deutsche Telekom AG (Deutsche Telekom) is engaged in the provision of telecommunications and information technology (IT) services. The company offers a range of mobile and fixed telecommunications services, IT, Internet, and network services. Deutsche Telekom has operations in over 50 countries across North America, South America, Europe, Asia, and Africa. The company operates in five business segments namely the US, Germany, Europe, systems solutions, and group headquarters, and group development. The US operating segment combines all mobile activities in the US market. The Germany segment comprises all fixed-network and mobile activities for consumers and business customers in Germany. The segment also focuses on the wholesale business to provide telecommunications services for carriers and other operating segments. The Europe operating segment comprises all fixed-network and mobile operations of the national companies in Greece, Romania, Hungary, Poland, the Czech Republic, Croatia, the Netherlands, Slovakia, Austria, Albania, the North Macedonia, and Montenegro. In addition, it offers information and communications technology (ICT) solutions to business customers. The Europe operating segment also includes international carrier sales and solutions (ICSS), global technology, and the global network factory (GNF) units. The systems solutions operating segment offers ICT products and solutions for large multinational corporations and public institutions, under the T-Systems brand. The operating segment offers its customers with ICT solutions from a single source and develops and operates infrastructure and industry solutions. The segment primarily includes services from the cloud, machine-to-machine (M2M) and security solutions, complementary, standardized mobile and fixed-network products, and solutions for virtual collaboration and IT platforms. The company operates in over 50 countries across North America, South America, Europe, Africa, and Asia-Pacific
Company Headquarters: Spain Founded: 1924 Workforce: ~120,138 Company Working: Telefonica S.A. (Telefonica) is one of the leading telecommunication company with a diversified telecommunications network that provides a range of services. The company offers wireline, wireless, DSL, TV, and other digital services. The company operates through five business segments namely Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK, and Telefonica Hispano America. These segments are engaged in providing wireless, wireline, cable, Internet, television businesses and other digital services. Telefonica Spain offers fixed telephony, internet and data, mobile communications, Pay-TV, and wholesale services in Spain. Telefonica Brazil manages the telecommunications operations in Brazil. Telefonica Germany serves the German market. Telefonica UK provides fixed telephony, Internet and data, and mobile communications in the UK. Telefonica Hispano-American oversees the fixed and mobile telephony services, broadband, Internet, data, broadband, television, value added services operations and development in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador, and Uruguay. The fixed businesses in Europe and Latin America offer traditional fixed telecommunication services, including public switched telephone network (PSTN) lines; integrated services for the digital network (ISDN) accesses; public telephone services, local, domestic and international long-distance and fixed-to-mobile communications services, corporate communications services; supplementary value-added services and others. It also offers high-speed Internet services through fiber to the home (FTTH) in certain markets (primarily Spain, Brazil, and Chile) and VDSL-based services (primarily Spain and Germany). Telefonica also offers voice over internet protocol (VoIP) services in some markets. Geographically, the company operates in Spain, Brazil, Germany, the UK, Argentina, Peru, Chile, Mexico, Colombia, Venezuela, and Central and Hispanic America.
5 interactive charts drawn from the eSIM Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global eSIM Market Middle East And Africa and South America Of Rest Of The World By Region
Global eSIM Market China, India, Japan and Rest Of Asia Pacific By Country
Global eSIM Market Germany, Spain, United Kingdom and Rest Of Europe By Country
Global eSIM Market United States, Canada and Mexico Of North America By Country
Global eSIM Market By Region
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Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
