Global IoT eSIM Market Growth Opportunities

Global IoT eSIM Market Growth Opportunities

Ecosystem Collaboration, New Business Models, and Demand for Low-Power, Cost-Efficient eSIM Connectivity Boost Market Potential

RELEASE DATE
19-Dec-2023
REGION
Global
Research Code: K97C-01-00-00-00
SKU: IT_2023_428
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$2,450.00
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Description

The global IoT eSIM market is at an early stage, with providers collaborating to standardize the technology. Most cellular IoT devices connect to physical SIM cards, while the rest incorporate eSIMs for testing and proof of concept (PoC). While enterprises still use physical SIM cards for IoT deployments, eSIM adoption is expected to accelerate from 2025, when the first commercial deployments of the GSMA SGP.32 specification completes the testing phase. The main driver of the global IoT eSIM market is the automotive vertical, with car manufacturers adopting the technology to enable innovative applications, such as telematics, vehicle tracking, and emergency calls. Smart metering and asset tracking also utilize eSIMs. Once providers standardize IoT eSIM technology, the market is forecast to grow quickly. The technology brings benefits such as low power consumption, which is crucial for battery-powered IoT devices requiring connectivity for long periods; smaller hardware size to fit into small IoT devices; and the RSP service removing network operator lock-ins. The forecast includes the total number of cellular IoT-connected devices that use SIM cards.

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Internet of Things (IoT) Embedded Subscriber Identity Module (eSIM) Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Market Definition—IoT eSIM Market

Market Definition—IoT eSIM Market (continued)

RSP for IoT Devices

Evolution of SIM Cards

RSP—3 GSMA Standards

IoT SIM Card Segmentation by Type

Key Competitors1

Key Questions this Report Addresses

Growth Environment

Growth Drivers

Growth Driver Analysis

Growth Restraints

Growth Restraint Analysis

Forecast Assumptions

Growth Metrics

Connections Forecast—IoT eSIM Market

Connections Forecast Analysis—IoT eSIM Market

Cumulative IoT Connections by Type of SIM Card

Connectivity Forecast Analysis by SIM Card

Thales

G+D

IDEMIA

Valid

Kigen

Oasis Smart SIM (Oasis)

Workz

Growth Opportunity 1—Enabling Vehicle Connectivity Management and eCall with Secure eSIM Solutions

Growth Opportunity 1—Enabling Vehicle Connectivity Management and eCall with Secure eSIM Solutions (continued)

Growth Opportunity 2—Location Tracking with eSIM/iSIM and Satellite Technology

Growth Opportunity 2—Location Tracking with eSIM/iSIM and Satellite Technology (continued)

Growth Opportunity 3—Subscription Management Services for Smart Metering

Growth Opportunity 3—Subscription Management Services for Smart Metering (continued)

List of Exhibits

Legal Disclaimer

The global IoT eSIM market is at an early stage, with providers collaborating to standardize the technology. Most cellular IoT devices connect to physical SIM cards, while the rest incorporate eSIMs for testing and proof of concept (PoC). While enterprises still use physical SIM cards for IoT deployments, eSIM adoption is expected to accelerate from 2025, when the first commercial deployments of the GSMA SGP.32 specification completes the testing phase. The main driver of the global IoT eSIM market is the automotive vertical, with car manufacturers adopting the technology to enable innovative applications, such as telematics, vehicle tracking, and emergency calls. Smart metering and asset tracking also utilize eSIMs. Once providers standardize IoT eSIM technology, the market is forecast to grow quickly. The technology brings benefits such as low power consumption, which is crucial for battery-powered IoT devices requiring connectivity for long periods; smaller hardware size to fit into small IoT devices; and the RSP service removing network operator lock-ins. The forecast includes the total number of cellular IoT-connected devices that use SIM cards.--BEGIN PROMO--

Key  Issues Addressed

  • What is the state of the global IoT eSIM industry?
  • What is the global IoT eSIM market’s growth rate?
  • How will it change during the forecast period?
  • Who are the major global IoT eSIM providers?
  • What are their strategies and focus areas?
  • What are the growth opportunities for IoT eSIM providers across different verticals?
More Information
Author Cecilia Perez
Industries Information Technology
No Index No
Is Prebook No
Keyword 1 eSIM Solutions
Keyword 2 IoT Connectivity Dynamics
Keyword 3 IoT Technology Trends
Podcast No
WIP Number K97C-01-00-00-00