The overall eSIM market is estimated to grow from USD 253.8 Million in 2018 to USD 978.3 Million by 2023, at a CAGR of 31.0% between 2018 and 2023.
The emphasis on remote SIM provisioning for M2M, favourable government regulations boosting M2M communication and high adoption of IoT technology are driving the demand for eSIM solutions.ESIM is useful for applications in which settings are required to be remotely updated, has the capability to bypass the form factor issues, and enables easy manufacturing and deployment of several IoT devices and sensors.
Presently, the global eSIM market is in its nascent phase.
With the steady adoption of the IoT technology across various industries, the overall eSIM market is likely to gain traction in the coming years.Download Free PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69178757The M2M application is estimated to lead the eSIM market in 2018.
The telecommunications vertical remains one of the major forces shaping disruption, innovation, and growth across various technology industries.
The adoption of eSIM by telecommunications stakeholders is likely to position them as leading players in connectivity and IoT markets in the coming years.Europe is estimated to hold the largest share of the eSIM market in 2018, followed by North America and Asia Pacific.
The overall eSIM market is estimated to grow from USD 253.8 Million in 2018 to USD 978.3 Million by 2023, at a CAGR of 31.0% between 2018 and 2023.
The emphasis on remote SIM provisioning for M2M, favourable government regulations boosting M2M communication and high adoption of IoT technology are driving the demand for eSIM solutions.ESIM is useful for applications in which settings are required to be remotely updated, has the capability to bypass the form factor issues, and enables easy manufacturing and deployment of several IoT devices and sensors.
Presently, the global eSIM market is in its nascent phase.
With the steady adoption of the IoT technology across various industries, the overall eSIM market is likely to gain traction in the coming years.Download Free PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69178757The M2M application is estimated to lead the eSIM market in 2018.
The telecommunications vertical remains one of the major forces shaping disruption, innovation, and growth across various technology industries.
The adoption of eSIM by telecommunications stakeholders is likely to position them as leading players in connectivity and IoT markets in the coming years.Europe is estimated to hold the largest share of the eSIM market in 2018, followed by North America and Asia Pacific.