India, Pune – The Insight Partners has announced the release of its latest market research report, “eSIM Market: An In-depth Analysis of the eSIM Market.” The report provides a detailed evaluation of the global eSIM market, highlighting current market trends and offering growth forecasts for the forecast period.

The eSIM market is experiencing robust growth as digital transformation continues to reshape consumer, enterprise, and industrial sectors. This growth is driven by the increasing adoption of smart devices, connected vehicles, Internet of Things (IoT) applications, and travel-oriented connectivity solutions.

Embedded SIM (eSIM) technology is progressively replacing traditional physical SIM cards by embedding digital profiles directly into mobile devices and IoT modules. This evolution enables seamless network provisioning, improved security, and greater flexibility in connectivity management across diverse platforms.

2025 Market Highlights and Industry News

Recent market news highlights significant developments:

• Travel-oriented eSIM offerings are driving usage surges, with travel eSIM purchases and revenue growth outperforming traditional roaming alternatives due to competitive pricing and convenience.
• eSIM adoption is gaining traction globally as major smartphone manufacturers led by Apple’s eSIM-only device strategy push embedded connectivity into mainstream consumer devices.
• IoT deployments and next-gen connectivity infrastructure, including SGP.32-based eSIM modules, are enabling scalable global device networks for sectors such as mobility and logistics.

Global eSIM Market Overview

The eSIM Market is projected to grow robustly through 2031 as embedded connectivity increasingly becomes the standard across regions and device segments.

Market Size & Forecast (by 2031)

• The eSIM market size was valued at US$ 5.51 billion in 2024 and is expected to reach US$ 17.98 billion by 2031. The market is estimated to register a CAGR of 18.7% during 2025–2031. 
• Expansion reflects broad adoption across multiple industries seeking flexible, secure, and remotely managed connectivity.

Key Market Drivers

• Accelerating smartphone adoption with embedded connectivity and eSIM-only device launches.
• Growth in connected cars and autonomous mobility platforms requiring remote configuration and network management.
• Expanding IoT deployments across smart cities, healthcare, industrial automation, and logistics.
• Rising demand for travel-friendly connectivity solutions reducing reliance on traditional roaming networks.

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Regional Analysis

The eSIM Market exhibits dynamic regional patterns shaped by regulatory trends, infrastructure readiness, and adoption behaviours.

North America

• Continues to lead in adoption due to extensive network readiness and high penetration of premium mobile devices.
• U.S. innovations in eSIM-only smartphone strategies and enterprise mobility are major growth factors.

Europe

• Strong adoption within Western Europe, supported by market expansion of digital connectivity services and travel eSIM solutions.
• Regulatory push toward interoperability and secure digital services further accelerates uptake.

Asia-Pacific

• Poised for rapid growth driven by smartphone penetration, IoT infrastructure investments, and emerging digital economies.
• Progressive policies in several APAC markets support widespread deployment of eSIM functionality.

Middle East & Africa & Latin America

• These regions are entering broader adoption phases as network providers expand support and consumer awareness rises.

Market Trends Shaping the Future

• Embedded Connectivity Becomes Mainstream — eSIM is increasingly integrated in consumer electronics, wearables, and automotive systems, not just smartphones.
• IoT & M2M Expansion — eSIM technology facilitates scalable, remotely-managed connectivity for industrial and enterprise devices.
• Travel & Roaming Alternatives — eSIM plans are emerging as cost-effective and user-friendly alternatives to traditional roaming, particularly for global explorers and remote workers.
• Enhanced Security & Compliance — Standards bodies like GSMA continue to establish security and interoperability frameworks that increase trust in eSIM solutions.
• Operator Innovation — Mobile operators and cloud-native service providers are embedding eSIM offerings into broader digital ecosystems, enabling new consumer and business services.

Market Segmentation

By Component

1. Hardware
   The physical embedded SIM chip integrated into devices such as smartphones, wearables, tablets, and connected vehicles. It provides secure storage for carrier profiles and enables seamless network connectivity without a physical SIM card.
2. Software
   Platform and management software that allows provisioning, activation, and lifecycle management of eSIM profiles remotely. Software ensures secure communication between devices and mobile networks and supports multi-profile and multi-operator functionality.
3. Services
   Includes network activation, subscription management, customer support, and consulting services for eSIM deployment. Services help operators, enterprises, and consumers manage connectivity efficiently and securely.

By Type

1. Consumer eSIMs
   Embedded SIMs used in smartphones, tablets, and wearables for personal communication and mobility. They offer convenience by eliminating physical SIM cards, supporting multiple operators, and enabling easy profile switching.
2. IoT eSIMs
   Designed for Internet of Things (IoT) devices such as smart meters, connected vehicles, industrial sensors, and healthcare devices. IoT eSIMs enable remote provisioning, high security, and scalable device connectivity.
3. Travel eSIMs
   Targeted at international travelers, these eSIMs allow users to access local networks in multiple countries without swapping SIM cards. They offer cost-effective roaming alternatives and instant activation, enhancing global mobility.

Key Players & Recent Developments in the eSIM Market

1. Giesecke+Devrient GmbH

Giesecke+Devrient (G+D) is a global security technology provider and one of the leading players in the eSIM ecosystem, particularly in management platforms, security, and IoT connectivity. 

Recent Developments:

• Industry‑First GSMA eSIM Compliance for IoT: G+D became the first company to achieve GSMA eSIM compliance and certification for its IoT eUICC products, aligning with the new GSMA eSA scheme and enhanced security standards. This certification demonstrates leadership in secure and interoperable embedded SIM technology for industrial and IoT use cases. 
• Cloud‑Native eSIM Innovation with AWS: G+D strengthened its collaboration with Amazon Web Services (AWS) to pioneer cloud‑based eSIM offerings. This work aims to scale eSIM deployments via elastic, secure cloud infrastructures that streamline provisioning and lifecycle management across devices. 

2. Telefónica SA

Telefónica SA, a major global telecommunications operator, is increasingly leveraging embedded SIM technology across mobile services and enterprise connectivity solutions. Recent strategic developments reflect a broader shift toward programmable, intelligent connectivity that embraces eSIM capabilities. 

Recent Developments:

• Global eSIM & Dynamic Connectivity Services: Telefónica Global Solutions continues to expand its global eSIM services, enabling seamless international connectivity without physical SIM cards. This dynamic approach allows devices and enterprise users to switch networks efficiently across borders. 
• Network as a Service (NaaS) Vision: Telefónica is evolving its connectivity platform toward a programmable, AI‑enabled NaaS solution by 2030. This includes automated provisioning, API‑driven management, and enhanced eSIM support that simplifies deployment at scale for multinational firms. 
• Innovation in IoT & Connectivity Leadership: Through its Telefónica Tech division, the company has been recognized for global leadership in IoT management platforms that incorporate eSIM connectivity as a core capability. 

3. Deutsche Telekom AG

Deutsche Telekom AG, one of Europe’s largest telecommunications operators, plays a pivotal role in driving consumer‑focused eSIM adoption and network‑level innovations that improve customer experience and interoperability. 

Recent Developments:

• Seamless eSIM Profile Transfer: Deutsche Telekom became a pioneer among European carriers by enabling direct eSIM profile transfer between Android and iOS devices. This improvement simplifies device switching without needing physical SIM cards or manual provisioning. 
• Enhanced Customer Experience with Google Partnership: Working closely with Google and Android partners, Deutsche Telekom introduced a friction‑less in‑device eSIM transfer feature that removes the need for apps, websites, or support calls for customers upgrading devices. 

Market Forecast & Projections by 2031

Forecast Highlights

• Continued growth in global device integration, with eSIM adoption expected to become a default standard across mobile and connected devices by 2031.
• Expansion of travel-focused, enterprise connectivity, and remote provisioning use cases.
• Regional investment in digital infrastructure and supportive policies catalyze further market growth.

About the eSIM Market

The eSIM Market encompasses embedded SIM technology that enables digital network profiles on devices without traditional physical SIM cards. This offers users greater flexibility, easier connectivity management, and operators the ability to provision services remotely. The market is essential to the future of connected devices, spanning smartphones, IoT installations, automotive systems, and next-generation wearables.

About The Insight Partners

The Insight Partners provides comprehensive syndicated and tailored market research services in the healthcare, technology, and industrial domains. Renowned for delivering strategic intelligence and practical insights, the firm empowers businesses to remain competitive in ever-evolving global markets.

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