eSIM Technology Market Report 2024 (Global Edition)

Global eSIM Technology Market Report 2024 Market Size Split by Type (IoT M2M-related eSIM, Consumer Wearable Device eSIM, Others), by Application (Connected Cars, Laptops, Wearables, Smartphones, Tabl...

eSIM Technology Market Report Description

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Competitive Landscape of the eSIM Technology Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

eSIM Technology Industry News

• In June 2023, Software provider Amdocs teamed together with Drei Austria to launch a ground-breaking eSIM solution. Through this partnership, Drei Austria's clients can benefit from digital eSIM technology via an entirely app-based experience. At Drei Austria, the cutting-edge "up" software provides a smooth, fully digital SIM experience made possible by Amdocs' eSIM technology.

(Source: https://www.amdocs.com/sites/default/files/2023-08/CSR-ESG-Report-FY2022-June2023-final.pdf)

Top Companies Market Share in eSIM Technology Industry: (In no particular order of Rank)

• Arm Limited
• Deutsche Telekom AG
• Giesecke+Devrient GmbH
• Thales
• Infineon Technologies AG
• KORE Wireless
• NXP Semiconductors
• Sierra Wireless
• STMicroelectronics
• Workz
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North American eSIM Technology Market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The eSIM technology market is growing rapidly in North America. The growing use of wearables, IoT devices, and smartphones across various businesses is fueling this expansion. North America's eSIM market is increasing quickly due to the region's sophisticated telecommunications infrastructure, technical innovation, and rising need for seamless connection solutions.

The European region is witnessing an increase in the sales of reagents. The eSIM technology market is growing significantly throughout Europe. The region's strong emphasis on digitization, adoption of IoT, and sophisticated telecommunications infrastructure drives this expansion. The growth is driven by regulatory actions supporting the deployment of eSIMs in conjunction with the growing demand for wearables and linked devices. The dynamic market landscape and technological innovation in Europe contribute to the rapid development and widespread acceptance of eSIM technology.

The current report Scope analyzes eSIM Technology Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America eSIM Technology Market

According to Cognitive Market Research, the global ESIM Technology market size was estimated at USD 8154.2Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3261.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031. Because of the region's sophisticated telecommunications infrastructure and broad use of linked devices, the eSIM technology market in North America is expanding quickly. With manufacturers incorporating eSIMs into cars for improved connectivity and cutting-edge capabilities like remote diagnostics and over-the-air updates, the automotive sector stands out among the others. The region's leadership in automotive innovation and the growing need for connected car solutions are reflected in this integration. All things considered, the eSIM market in North America is expected to grow further due to the ongoing development of the Internet of Things, efforts towards digital transformation, and the growing dependence on dependable connectivity in a variety of industries.

• According to Cognitive Market Research, the US had a major share in the eSIM Technology market with a market size of USD 2573.47 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. The demand is amplified by the nation's dynamic scientific landscape, where cutting-edge technologies and a focus on precision medicine propel consistent growth. 
• The Canada eSIM Technology market had a market share of USD 391.40 million in 2024 and is projected to grow at a CAGR of 7.2% during the forecast period. Canada's rising biotechnology sector and supportive research infrastructure contribute to increased usage of eSIM Technology.
• The Mexico eSIM Technology market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 296.81 million in 2024.

Europe eSIM Technology Market

According to Cognitive Market Research, with a market value of USD 8154.2 million in 2024 it is projected to expand at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. Europe accounted for a share of over 30% of the global eSIM Technology market size of USD 2446.26 million. Due to the region's strong emphasis on digitization and sophisticated telecommunications infrastructure, the eSIM technology market in Europe is expanding significantly. Among the market categories, the consumer electronics industry stands out because manufacturers are incorporating eSIMs into wearables, tablets, and smartphones to provide users with seamless connectivity experiences. This integration is a reflection of Europe's status as a center for consumer electronics uptake and technological innovation. Due to the region's dedication to technological innovation and the growing significance of connectivity in daily life, the European eSIM market is expected to rise further due to the rising demand for connected devices and IoT solutions.

• The United Kingdom eSIM Technology market had a market share of USD 410.97 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In the UK, eSIM Technology sales witness an upswing due to the nation's robust collaborations between academia and industry. 
• The France eSIM Technology market is projected to witness growth at a CAGR of 5.9% during the forecast period with a market size of USD 225.06 million in 2024.
• According to Cognitive Market Research, the Germany eSIM Technology market size was valued at USD 484.36 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. In Germany, eSIM Technology sales surge due to the nation's prowess in precision engineering and technology. 
• The Italy eSIM Technology market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 210.38 million in 2024.
• The Russia eSIM Technology market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 379.17 million in 2024.
• The Spain eSIM Technology market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 200.59 million in 2024.
• The Luxembourg eSIM Technology market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 75.83 million in 2024.
• The Portugal eSIM Technology market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 51.37 million in 2024.
• The Greece eSIM Technology market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 29.36 million in 2024.
• Rest of Europe eSIM Technology market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 379.17 million in 2024.

Asia Pacific eSIM Technology Market

According to Cognitive Market Research, the global ESIM Technology market size was estimated at USD 8154.2Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1875.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031. Due to the region's rising smartphone penetration, fast urbanization, and technical improvement, the eSIM technology market in Asia Pacific is expanding. eSIM solutions are being adopted by businesses such as manufacturing, healthcare, and transportation to improve connection and operational efficiency, making the Internet of Things (IoT) sector stand out among the other segments. This pattern illustrates how the area is depending more and more on IoT applications to solve societal issues and spur economic growth. Asia Pacific's eSIM market is expected to grow significantly due to the region's fast-changing technology landscape and the growing need for connected devices across a range of industries. This presents a big opportunity for stakeholders in the market.

• According to Cognitive Market Research, the China eSIM Technology market size was valued at USD 843.96 million in 2024 and is projected to grow at a CAGR of 9.7% during the forecast period. ESIM Technology sales surge in China due to the nation's rapid expansion in biopharmaceuticals.
• The Japan eSIM Technology market is projected to witness growth at a CAGR of 8.7% during the forecast period with a market size of USD 258.81 million in 2024.
• The India eSIM Technology market had a market share of USD 225.06 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. The demand is augmented by India's increasing focus on precision medicine and its role as a key player in the global pharmaceutical industry.
• The South Korea eSIM Technology market is projected to witness growth at a CAGR of 9.3% during the forecast period with a market size of USD 187.55 million in 2024.
• The Australia eSIM Technology market is projected to witness growth at a CAGR of 9.9% during the forecast period with a market size of USD 97.52 million in 2024.
• The South East Asia eSIM Technology market is projected to witness growth at a CAGR of 11.2% during the forecast period with a market size of USD 129.41 million in 2024.
• The Rest of Asia Pacific eSIM Technology market is projected to witness growth at a CAGR of 10.0% during the forecast period with a market size of USD 133.16 million in 2024.

South America eSIM Technology Market

According to Cognitive Market Research, the global ESIM Technology market size was estimated at USD 8154.2Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 4.7.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031. The eSIM technology market in Latin America is expanding at a promising rate, propelled by the region's growing demand for connected devices and increased attempts to digitize. With manufacturers incorporating eSIMs into cars to provide cutting-edge connection features and services like real-time navigation and vehicle diagnostics, the automotive industry is growing within the market sectors. This integration demonstrates how Latin America is moving toward intelligent transportation solutions and how the area is becoming more and more interested in cutting-edge networking technologies. Latin America's eSIM market is expected to grow further due to continuous digital transformation programs and the rise of IoT applications. This presents chances for industry players to take advantage of the region's changing technological landscape.

• According to Cognitive Market Research, the Brazil eSIM Technology market size was valued at USD 174.50 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period. ESIM Technology sales flourish in Brazil due to the nation's thriving pharmaceutical industry and increasing investments in healthcare infrastructure.
• The Argentina eSIM Technology market had a market share of USD 68.50 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. The demand is augmented by Argentina's commitment to sustainable farming practices, where eSIM Technology play a crucial role in enhancing crop yields.
• The Colombia eSIM Technology market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 36.29 million in 2024.
• The Peru eSIM Technology market is projected to witness growth at a CAGR of 7.8% during the forecast period with a market size of USD 33.43 million in 2024.
• The Chile eSIM Technology market is projected to witness growth at a CAGR of 7.9% during the forecast period with a market size of USD 29.36 million in 2024.
• The Rest of Latin America eSIM Technology market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 65.64 million in 2024.

Middle East and Africa eSIM Technology Market

According to Cognitive Market Research, the global ESIM Technology market size was estimated at USD 8154.2Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 163.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031. The eSIM technology market in the Middle East and Africa (MEA) is expanding steadily, propelled by rising smartphone adoption rates and regional need for IoT solutions. The telecommunications industry stands out among the others because mobile network providers are utilizing eSIM technology to improve their service offerings and meet the changing needs of businesses and consumers for connection. This adoption is in line with MEA's shift to digital transformation programs and cutting-edge telecom infrastructure. The MEA eSIM market is expected to grow significantly due to continuous expenditures in 5G networks and IoT deployment. This presents potential for stakeholders to profit from the region's growing reliance on linked technologies for social and economic advancement.

• According to Cognitive Market Research, the GCC Countries eSIM Technology market size was valued at USD 69.80 million in 2024 and is projected to grow at a CAGR of 8.7% during the forecast period. ESIM Technology sales flourish in the GCC Countries due to the region's strategic investments in healthcare research and advancements.
• The Egypt eSIM Technology market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 17.12 million in 2024.
• The South Africa eSIM Technology market is projected to witness growth at a CAGR of 8.9% during the forecast period with a market size of USD 25.77 million in 2024. ESIM Technology sales flourish in South Africa due to the region's strategic investments in healthcare research and advancements.
• The Turkey eSIM Technology market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 14.03 million in 2024.
• The Nigeria eSIM Technology market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 17.12 million in 2024.
• The Rest of MEA eSIM Technology market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 19.24 million in 2024.

eSIM Technology Market Analysis

eSIM Technology Type Segment Analysis

According to Cognitive Market Research, IoT M2M-related eSIM held the major market share over the forecast period. ESIM Technology, indispensable in unraveling molecular intricacies, supports researchers in identifying potential drug candidates. Machine-to-machine (M2M) and Internet of Things (IoT) applications are expanding the eSIM technology market. IoT device connectivity is made seamless with eSIM, which improves deployment flexibility and remote management. Demand for eSIM-enabled devices is rising as more sectors use IoT solutions for automation, monitoring, and data analysis. This pattern drives the eSIM technology market's growth in the M2M and IoT domains.

Consumer Wearable Device eSIM is the fastest-growing category over the forecast period. The market for eSIM technology is expanding due to the consumer wearable device category. Wearable technology, like fitness trackers, augmented reality glasses, and smartwatches, can now function seamlessly without actual SIM cards thanks to eSIM. This improves simplicity and user experience, increasing demand for wearables with eSIM support. The market for wearable technology is growing as people use it more frequently for productivity, communication, and fitness tracking.

• IoT M2M-related eSIM
• Consumer Wearable Device eSIM
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of eSIM Technology Industry. Request a Free Sample PDF!

eSIM Technology Application Segment Analysis

According to Cognitive Market Research, Smartphones hold a prominent market share. One of the main factors propelling the eSIM technology market's expansion is the widespread use of smartphones. Customers can transfer mobile operators with eSIMs without swapping out actual SIM cards. Manufacturers of smartphones are progressively incorporating eSIM technology into their products due to the growing consumer demand for sophisticated connection features and smooth user experiences. This tendency is driving the eSIM market's growth within the smartphone sector.

Wearables are the fastest-growing category over the forecast period. The eSIM technology market is growing thanks largely to the wearables segment. Without actual SIM cards, eSIMs allow devices like fitness trackers, smartwatches, and augmented reality glasses to connect to cellular networks. The eSIM market is expanding due to the growing demand for eSIM-enabled devices and the growing popularity of wearables for productivity, communication, and health monitoring.

• Connected Cars
• Laptops
• Wearables
• Smartphones
• Tablets
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

eSIM Technology End-User Segment Analysis

According to Cognitive Market Research, Enterprise held the major market share over the forecast period. The market for eSIM technology is expanding, thanks largely to the enterprise sector. Businesses can benefit from eSIMs' adaptable and scalable connectivity options for various gadgets like tablets, smartphones, and Internet of Things endpoints. Enterprises are using eSIM technology to improve connection and simplify device management in response to the growing popularity of remote work, cloud services, and IoT installations. This is propelling the market expansion.

The consumer is the fastest-growing category over the forecast period. The eSIM technology industry is growing mostly due to the consumer market. With wearables, smartphones, and smart home appliances becoming more and more common, eSIMs give users more ease and flexibility when controlling their connectivity. The market is predicted to continue being driven by the deployment of eSIM technology in consumer devices as the desire for seamless, hassle-free connectivity increases.

• Enterprise
• Consumer
• Government

eSIM Technology Distribution Channel Segment Analysis

According to Cognitive Market Research, Direct held the major market share over the forecast period. The eSIM technology market is expanding thanks largely to the direct-to-consumer strategy. Businesses are leveraging the increasing demand for seamless connection solutions by selling eSIM-enabled devices directly to consumers via retail channels or online platforms. Greater accessibility and awareness of eSIM technology are made possible by this direct distribution approach, which encourages acceptance and market expansion.

Third-Party is the fastest-growing category over the forecast period. The escalating importance of forensics. The eSIM technology industry is experiencing expansion due to the presence of third-party service providers who are providing connectivity, management, and remote provisioning solutions. These suppliers serve a range of sectors, such as consumer electronics, IoT, and telecommunications, by providing adaptable eSIM solutions that facilitate easy connectivity and integration for their products and applications. The third-party industry is experiencing market expansion due to the growing demand for outsourced eSIM services.

• Direct
• Third-Party

eSIM Technology Vertical Segment Analysis

According to Cognitive Market Research, Automotive held the major market share over the forecast period. The market for eSIM technology is expanding, thanks largely to the automotive sector. Vehicle diagnostics, infotainment, and navigation are among the connected services that cars may access thanks to eSIMs. Automakers are progressively incorporating eSIM technology into their vehicles in response to the growing demand for connected car services such as over-the-air updates and remote monitoring. This development is hastening the eSIM market's growth in the automotive industry.

Consumer Electronics is the fastest-growing category over the forecast period. Consumer electronics, including tablets, laptops, and cameras, drive the eSIM technology market's expansion. Without actual SIM cards, eSIMs provide seamless connectivity, improving customer convenience. Manufacturers are implementing eSIM technology to offer adaptable and effective connectivity solutions in response to the growing demand for linked devices and IoT integration in consumer goods. The growth of the eSIM is being driven by this trend.

• Automotive
• Consumer Electronics
• Energy & Utilities
• Manufacturing
• Retail
• Transportation & Logistics

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion