Global IoT eSIM Market Report 2024 – Key Growth Opportunities in Enabling Vehicle Connectivity Management and eCall with Secure eSIM Solutions, Subscription Management Services for Smart Metering

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 SolutionsLocation Tracking with eSIM/iSIM and Satellite TechnologySubscription Management Services for Smart Metering

Key Topics Covered:

Growth Opportunity Analysis

Scope of AnalysisMarket Definition – IoT eSIM MarketRSP for IoT DevicesEvolution of SIM CardsRSP – 3 GSMA StandardsIoT SIM Card Segmentation by TypeKey Competitors1Key Questions this Report AddressesGrowth EnvironmentGrowth Driver AnalysisGrowth Restraint AnalysisForecast AssumptionsGrowth MetricsConnections Forecast – IoT eSIM MarketConnections Forecast Analysis – IoT eSIM MarketCumulative IoT Connections by Type of SIM CardConnectivity Forecast Analysis by SIM Card

IoT eSIM Providers

ThalesG+DIDEMIAValidKigenOasis Smart SIM (Oasis)Workz

Other eSIM Landscape (SoftSIM and nuSIM) Participants

OnomondoDeutsche Telekom

For more information about this report visit https://www.researchandmarkets.com/r/ahhxmi

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SOURCE Research and Markets