The eSIM Global Market Report 2023, provides comprehensive information on the eSIM market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s eSIM Global Market Report 2023, the global eSIM market size is expected to grow from $8.51 billion in 2022 to $9.73 billion in 2023 at a compound annual growth rate (CAGR) of 14.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global eSIM market size is expected to reach $15.89 billion in 2027 at a CAGR of 13.1%.
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Technological advancement is the key trend gaining popularity in the eSIM market. Major companies operating in the eSIM market are focusing on expanding the use cases and applications of their eSIM offerings. For instance, in January 2020, Ericsson, a Sweden-based networking and telecommunications company launched its new eSIM solution. The eSIM solution provides remote provisioning of user-profiles and device administration, which are critical capabilities that allow communication service providers (CSPs) to manage user profiles more effectively.
The eSIM market is segmented:
1) By Solution: Hardware, Connectivity Services
2) By Application: Connected Cars, Laptops, M2M, Smartphones, Tablets, Wearables, Other Applications
3) By Vertical: Automotive, Consumer Electronics, Energy And Utilities, Manufacturing, Retail, Transportation And Logistics
North America was the largest region in the eSIM market in 2022.
The table of contents in TBRC’s eSIM market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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