Basingstoke, England–(business wire)– A new Juniper Research study finds that the global eSIM market value will grow from $4.7 billion in 2023 to $16.3 billion in 2027. A new report provides the most comprehensive analysis of the eSIM (Embedded SIM) market available today.
As seen in Apple’s recent release of the eSIM-only iPhone 14, the market is experiencing a staggering 249% growth, driven by the adoption of eSIM-enabled consumer devices. Trigger accelerated operator support.
eSIM is embedded in the device. Allows devices and sensors to seamlessly switch between network operator profiles.
eSIM-Enabled Android Devices Accelerating Consumer Adoption
The study predicts that Apple will expand its eSIM-only device deployment to Europe sometime in 2023. eSIM technology is key to minimizing the establishment of time-consuming roaming agreements within the fragmented European telecommunications market.
The total number of smartphones with eSIM connectivity will grow from 986 million in 2023 to 3.5 billion in 2027, with manufacturers such as Google and Samsung launching comparable eSIM-only Android smartphones to compete with Apple. I am developing a device. We maintain our position in the global market.
Study author Scarlett Woodford said: “Despite carrier concerns about the disruptive impact of eSIMs on existing business models, increasing support from smartphone makers will put further pressure on carriers. Providers need to support eSIM connectivity to avoid subscriber attrition as the technology becomes more popular.”
Chinese regulations must support eSIM smartphone connections
According to reports, the total number of eSIM-connected smartphones in China will grow from 103 million in 2023 to 385 million by 2027. Allow the use of eSIM on your smartphone.
Current regulations prevent China-based device makers from selling into their home markets, limiting investment and innovation, they said. In response, the report calls on industry groups to work closely with the Chinese government to develop specifications that enable eSIM support while addressing device monitoring and tracking requirements.
View eSIM Market Research: https://www.juniperresearch.com/researchstore/sustainability-technology-iot/esims-research-report
Download White Paper: https://www.juniperresearch.com/whitepapers/top-three-esim-trends-in-2023
Juniper Research provides research and analytical services to the global high-tech communications sector, providing consulting, analyst reports, and industry commentary.