The global E-SIM card market is predicted to see the entry of a “significant number” of new players and intensifying competition in the future, according to Transparency Market Research (TMR). A few of the prominent players operating in the global E-SIM card market are Apple, Samsung, Gemalto N.V., Giesecke & Devrient, NTT DOCOMO, OT-Morpho, Telefonica S.A., Deutsche Telekom AG, Sierra Wireless., and ST Microelectronics.
A report by Transparency Market Research (www.transparencymarketresearch.cxom) projects the global E-SIM card market to expand at 13.5% CAGR [compound annual growth rate] between 2017 and 2025. At this rate, the market is expected to be pegged at $14,6 million by 2025, increasing from $4 million in 2016.
The global E-SIM card market based upon application is segmented into machine to machine (M2M), wearable and companion devices, smartphones, and tablets and laptops. Of them, M2M led the market in 2016 in terms of revenue contribution. Embedded Sim for smartphones is expected to be launched in 2019. The segment is expected to display a robust CAGR of 26.3% between 2019 and 2025.
There are several key factors bringing about growth in the global E-SIM card market, according to TMR. First, E-SIM card provides the ability to change network provider Over the Air (OTA) in real time. Users of embedded SIM can change mobile network operator (MNO) at ease with few clicks on the device in real time thereby preventing users to incur international roaming charges. For instance, ability to switch network provider over the air in M2M systems such as in smart meters and connected cars has substantial advantages in terms of reducing logistics and operational costs.