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 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?
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
Onomondo
Deutsche Telekom
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
List of Figures- IoT eSIM: Growth Drivers, Global, 2023–2028
- IoT eSIM: Growth Restraints, Global, 2023–2028
- IoT eSIM Market: Growth Metrics, Global, 2022
- IoT eSIM Market: Forecast Cumulative IoT eSIM Connections, Global, 2022–2028
- IoT eSIM Market: Cumulative IoT Connections by Type of SIM Card, Global, 2022?2028
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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?
| Deliverable Type | Market Research |
|---|---|
| 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 |
| List of Charts and Figures | IoT eSIM: Growth Drivers, Global, 2023–2028~ IoT eSIM: Growth Restraints, Global, 2023–2028~ IoT eSIM Market: Growth Metrics, Global, 2022~ IoT eSIM Market: Forecast Cumulative IoT eSIM Connections, Global, 2022–2028~ IoT eSIM Market: Cumulative IoT Connections by Type of SIM Card, Global, 2022?2028~ |
| Podcast | No |
| WIP Number | K97C-01-00-00-00 |
Global IoT eSIM Market Growth Opportunities
Ecosystem Collaboration, New Business Models, and Demand for Low-Power, Cost-Efficient eSIM Connectivity Boost Market Potential
19-Dec-2023
Global
Market Research
