DUBLIN, Feb. 7, 2024 /PRNewswire/ — The “Global IoT eSIM Market Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.
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.
Key Growth Opportunities
Enabling Vehicle Connectivity Management and eCall with Secure eSIM Solutions
Location Tracking with eSIM/iSIM and Satellite Technology
Subscription Management Services for Smart Metering
Key Topics Covered:
Growth Opportunity Analysis
Scope of Analysis
Market Definition – IoT eSIM Market
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 Driver Analysis
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
IoT eSIM Providers
Thales
G+D
IDEMIA
Valid
Kigen
Oasis Smart SIM (Oasis)
Workz
Other eSIM Landscape (SoftSIM and nuSIM) Participants
Onomondo
Deutsche Telekom
For more information about this report visit https://www.researchandmarkets.com/r/ahhxmi
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SOURCE Research and Markets