5G E-Sim Market - Forecasts from 2023 to 2028

The 5G e-sim market was valued at US$2,518.995 million in 2022.

GROWTH DRIVERS

The 5G e-sim market can benefit from the increase in active broadband subscriptions, as more speed and bandwidth are required by various devices and applications. For example, the Internet of Things (IoT) and the metaverse can perform better with 5G e-sim technology. Also, e-sim technology can enable users to switch, download, and delete different operator profiles without a physical SIM. This can make the user experience and convenience of using multiple devices and networks better.

For instance, the International Telecommunication Union states in its report named “Facts and Figures 2022”, the number of subscriptions per 100 habitants’ for active mobile broadband for the year 2020 was 78, 2021 was 82, and 2022 was 87. This reflects the continually increasing use of broadband. This suggests that more individuals are utilizing mobile devices with high-speed internet access, which might be encouraging for the 5G E-Sim industry as it suggests rising demand for 5G products and services.

EMERGING OPPORTUNITIES IN THE GLOBAL 5G E-SIM MARKET

CONNECTIVITY SERVICES AND CONSUMER ELECTRONICS

The global 5G E-Sim market is growing due to several factors, such as the utilization of compound semiconductors, the demand for 5G devices, the innovation in chip technologies, the availability of OTA SIM platforms, and the creation of new 5G use cases. These factors improve the performance, efficiency, flexibility, and connectivity of 5G applications in different sectors. Additionally, product launches and schemes promoting the usage of the 5G e-sim sector are anticipated to enhance the scope for connectivity services and other domains. For instance,

By category, the 5G E-sim market is separated into solution and application. The solutions are segmented into hardware and connectivity services. The applications are segmented into consumer electronics and M2M. Further, consumer electronics is segmented into smartphones, wearables, and others; and M2M is segmented into automotive, energy, and utilities. The connectivity services and consumer electronics segments of the 5G E-sim market are witnessing various initiatives and collaborations from different players in the industry. For instance:

• In October 2022, the Indian Prime Minister, Shri Narendra Modi, launched 5G services in India while showcasing 5G technology goods created by Indian startups. Additionally, he showcased numerous 5G use cases from different telecom service providers in fields like education, health, employee safety, smart agriculture, etc.
• In January 2022, IDEMIA announced it is collaborating with Microsoft to develop eSIM and connectivity services for the next generation. This collaboration will improve support for eSIM services globally by bringing together IDEMIA's advanced connectivity technologies and Microsoft's dependable cloud platform. This can enable seamless and secure connectivity for 5G devices across different networks and regions.

GEOGRAPHICAL PRESENCE

The global 5G edge computing market consists of some major countries undertaking various measures to secure their 5G network across their respective nations. Americas is expected to have a significant CAGR during the forecasted period. In addition to it, a few of the major countries include the USA, Japan, South Korea, China, the United Kingdom, and Germany. The nations have undertaken various measures which have complemented the overall market growth. For instance,

• In October 2022, in India, Reliance Jio Infocomm Ltd. (Jio) and Ericsson signed a long-term strategic 5G contract to roll out 5G Standalone in India. To attain India's digital leadership, Ericsson teams up with Jio to develop the country's first 5G standalone network.
• In May 2021, in China, OPPO revealed that it recently released its flagship 5G smartphone, the OPPO Find X3 Pro, which was created in partnership with, Thales, and supports the world's first 5G SA-Compatible eSIM. Users of the OPPO Find X3 Pro's 5G Standalone (SA) eSIM-based device will benefit from eSIM technology while also receiving the improved 5G experience given by 5G SA networks.

MAJOR PLAYERS IN THE MARKET

Some of the leading players in the market include Airalo, Celitech Inc, and Idemia, among others. The product offerings of the major corporation include the following:

• Circles.Life offers E-Sim which provides hassle-free and cost-free transfers. With circles.life e-sim, users can easily transfer their existing number to a new phone in just 5 minsutes by scanning a QR code. They can switch between multiple lines on the same device for different purposes. Plus, a user can enjoy hassle-free and cost-free transfers up to three times.
• Celitech Inc. offers E-sim which provides SLA up to 99.9%. It offers global coverage, operating in more than 205 nations and territories.
• IDEMIA offers Smart Connect Consumer which provides a platform for mobile operators. This is a one-stop eSIM management platform for mobile operators for creating, preparing, storing, and remotely transferring mobile operator eSIM profiles to consumer devices. Microsoft Azure Public Cloud serves as the host for the eSIM management platforms from IDEMIA. This makes it possible for IDEMIA to offer an eSIM manager that is carrier-grade and supports the expansion of mobile operator businesses.
• Airalo offers Global E-Sim which allows to stay connected in over 100 countries. The Global eSIM is compatible with most eSIM-enabled devices and can be activated instantly using the Airalo app.

SEGMENTATION:

The global 5G E-Sim market has been analyzed through the following segments:

By Solution

• Hardware
• Connectivity Services

By Application

• Consumer Electronics
• Smartphones
• Wearables
• Others
• M2M
• Automotive
• Energy & Utilities
• Others

By Geography

• Americas
• USA
• Others
• EMEA
• Germany
• UK
• Others
• APAC
• China
• Japan
• South Korea
• Others