Ecosystem Collaboration, New Business Models, and Demand for Low-Power, Cost-Efficient eSIM Connectivity Boost Market Potential
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.
Table of Contents
1 Strategic Imperatives
- 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™
2 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 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
3 IoT eSIM Providers
- Thales
- G+D
- IDEMIA
- Valid
- Kigen
- Oasis Smart SIM (Oasis)
- Workz
4 Other eSIM Landscape (SoftSIM and nuSIM) Participants
- Onomondo
- Deutsche Telekom
5 Growth Opportunity Universe
- Growth Opportunity 1 - Enabling Vehicle Connectivity Management and eCall with Secure eSIM Solutions
- Growth Opportunity 2 - Location Tracking with eSIM/iSIM and Satellite Technology
- Growth Opportunity 3 - Subscription Management Services for Smart Metering
- List of Exhibits
- Legal Disclaimer
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- G+D
- IDEMIA
- Kigen
- Oasis Smart SIM (Oasis)
- Thales
- Valid
- Workz
