eSIM Subscription Market to Open up New Avenues for Telecom

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DUBAI, United Arab Emirates, Dec. 06, 2022 (GLOBE NEWSWIRE) — The global eSIM subscription market net worth is estimated to be around US$ 980 Mn in 2023 and is anticipated to register at a significant CAGR of 30% from 2023 to 2033. The eSIM subscription market report estimates the growth in the overall valuation of the market up to US$ 13,510 Mn by 2032.

The growth of eSIM subscriptions in consumer electronic products is being driven by advantages including increased connection, high dependability, and better security. One of the key factors influencing the development, advancement, and revolution in a variety of technical services including eSIM subscriptions continues to be the consumer electronics sector.

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Again because switching cell phone network carriers is made simpler by features like eSIM 4G and 5G services, it would encourage more and more physical SIM card network providers to adopt and enter the eSIM subscription market competition.

It is anticipated that demand for eSIM subscriptions may increase and the hardware category would rise as a result of the rising tendency among smartphone makers to incorporate an eSIM within the handset. Additionally, eSIM allows for the management of M2M devices, many of which are totally remote and located, and it is projected that it will effectively hold the highest share of the market during the forecast period. The use of M2M and IoT technologies in automobile industries is also anticipated to increase the demand for eSIM subscriptions as a result. The GSMA Embedded SIM Specification, which will boost vehicle connectivity and pave the path for a fresh generation of linked cars, has just received support from the automotive sector and is anticipated that it would enhance demand for eSIM subscriptions from a number of connected services, enabling the industry to expand.

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Key Takeaways from the eSIM Subscription Market Study

  • Giesecke + Devrient Mobile Security GmbH…

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