Table of Contents
eSIM Market Overview
eSIM, also known as embedded SIM, signifies a breakthrough in mobile technology. Unlike the traditional physical SIM cards we’re familiar with, eSIMs are seamlessly integrated into a device during its manufacturing process, such as a smartphone or tablet. This revolutionary approach eliminates the need for physical SIM cards, simplifying switching carriers and activating user devices.
Thanks to eSIMs, individuals can remotely alter their carrier profiles through a straightforward digital procedure, offering them increased flexibility and convenience. The prevalence of eSIM technology is steadily growing, delivering advantages like reducing plastic waste associated with physical SIM cards and contributing to a more streamlined and environmentally friendly mobile industry. Its widespread adoption transforms how consumers connect and engage with their mobile devices, marking the dawn of a new era in mobile connectivity.
Market Drivers
The rapid growth of the eSIM market is primarily propelled by two key drivers. Firstly, the expansive proliferation of Internet of Things (IoT) devices, encompassing everything from smartwatches to connected vehicles and industrial sensors, has created a robust demand for eSIMs. These embedded SIMs facilitate remote provisioning and management of IoT devices, streamlining operations, reducing costs, and enabling scalability.
Secondly, there is a rising consumer demand for flexibility in mobile connectivity. eSIMs cater to this demand by allowing users to switch carriers or plans seamlessly without needing physical SIM card replacements, making them especially appealing to travelers, international students, and those requiring temporary local numbers. As the IoT ecosystem and consumer awareness of eSIM technology continue to grow, the eSIM market is set for sustained expansion, revolutionizing how devices connect and adapt to the modern digital landscape.
Revenue and CAGR and Forecasted revenue
The global eSIM Market size was estimated to be USD 8 billion in 2022 and is projected to reach approximately $20.6 billion by 2032. The eSIM market is expected to experience a compound annual growth rate (CAGR) from 2023 to 2032.
List of Major Companies
Top 10 companies operating in the eSim Market:
- Gemalto
- Vodafone
- WorldSIM
- STMicroelectronics
- Giesecke-Devrient
- Deutsche Telekom
- Airalo
- Sierra-Wireless
- idemia
- Instabridge
Gemalto
Company Overview
| Establishment Year | 2006 |
| Headquarter | Netherlands |
| Key Management | Philippe Vallee (CEO) |
| Revenue (US$ Bn) | $ 3.2 Billion (2022) |
| Headcount | ~ 15000 (2022) |
| Website | www.thalesgroup.com |
About Gemalto
Gemalto, founded by Marc Lassus and Olivier Piou in 2006, is a renowned global leader in digital security and identity management. Based in Amsterdam, Netherlands, the company has made a name for itself as a significant player in this field. Gemalto offers various products and services to safeguard digital transactions, identities, and data.
With a substantial global footprint, Gemalto is committed to bolstering the security and confidentiality of individuals and organizations. They provide state-of-the-art solutions to the ever-evolving challenges of our increasingly interconnected and digital world.
Geographical Presence
Gemalto, a prominent figure in digital security and identity management, boasts a substantial global presence that spans various parts of the world. The company operates across numerous countries and regions, with a notable reach in Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa. Gemalto’s expansive network includes offices, subsidiaries, and collaborative ventures, facilitating its service to a diverse clientele across various sectors.
These sectors range from telecommunications and financial services to government entities and businesses. This extensive global reach empowers Gemalto to offer state-of-the-art digital security solutions and identity management services to customers worldwide. In doing so, it ensures the safeguarding and reliability of data and transactions in our increasingly interconnected digital landscape.
Recent Developments
- In October 2023, Thales was awarded a contract to manufacture an additional 7,000 Combat Net Radios for the United States Army.
- In October 2023, The collaboration between Thales and SoyYo was reinforced to provide Passkeys to millions of Colombians.
Vodafone
Company Overview
| Establishment Year | 1984 |
| Headquarter | United Kingdom |
| Key Management | Margherita Della Valle (CEO) |
| Revenue (US$ Bn) | $ 45.6 Billion (2022) |
| Headcount | ~ 96,117 (2022) |
| Website | www.myvi.in |
About Vodafone
Vodafone, established in 1984, is a prominent multinational telecommunications company headquartered in London, United Kingdom. Founded by Sir Ernest Harrison, Vodafone has grown into one of the world’s leading mobile network operators, providing a wide range of telecommunications services to customers across the globe.
The company’s operations encompass mobile and fixed-line services, broadband internet, and other digital communication solutions, serving individual consumers and businesses. Vodafone’s global presence and innovative approach to telecommunications have solidified its position as a key player in the ever-evolving mobile communications industry.
Geographical Presence
Vodafone, one of the world’s largest telecommunications companies, boasts an extensive global presence, operating in numerous countries across Europe, Africa, Asia-Pacific, and the Middle East. The company has a significant footprint in markets such as the United Kingdom, Germany, Italy, Spain, and India, among others.
Through strategic partnerships and acquisitions, Vodafone has established itself as a leading mobile network operator in various regions, offering a wide range of services including mobile and fixed-line telephony, broadband internet, and data services. With its widespread geographical reach and a focus on innovation, Vodafone continues to provide essential connectivity solutions to millions of consumers and businesses worldwide, contributing to the evolution of the global telecommunications landscape.
Recent Developments
- In September 2023, in response to the demand for a proficient workforce and to close the skills gap between industry requirements and qualifications, Vi Foundation, the corporate social responsibility branch of Vi, a prominent telecommunications company, collaborated with the Telecom Sector Skill Council (TSSC). Together, they established the IoT Center of Excellence at Indira Gandhi.
- In August 2023, Vi Business Partners with Yotta to Strengthen its Data Center Colocation and Cloud Services.
WorldSIM
Company Overview
| Establishment Year | 2006 |
| Headquarter | United Kingdom |
| Key Management | Arif Reza (CEO) |
| Revenue (US$ Bn) | $ 4364 Million (2022) |
| Headcount | ~200 (2022) |
| Website | www.worldsim.com |
About WorldSIM
WorldSIM, founded in 2006, is a pioneering global telecommunications company headquartered in London, United Kingdom. The company was established to address the needs of travelers and international business professionals by providing innovative international SIM cards and roaming solutions.
WorldSIM offers a comprehensive range of services, including global roaming data, international phone numbers, and travel gadgets, to ensure seamless and cost-effective connectivity across the globe. With a customer-centric approach and a focus on simplifying global communication, WorldSIM has become a trusted name in the travel and telecommunications industry, serving individuals and businesses with reliable connectivity solutions for their international journeys.
Geographical Presence
WorldSIM, headquartered in London, United Kingdom, has established a global presence to serve travelers and international customers. The company’s services and products are accessible to individuals and businesses worldwide, enabling them to stay connected while on the move.
WorldSIM’s reach extends across Europe, Asia, the Americas, Africa, and other regions, ensuring that its international SIM cards and roaming solutions are readily available to meet the diverse connectivity needs of its customers wherever they may be traveling or conducting business. Through its widespread geographical presence, WorldSIM provides accessible and convenient solutions for global travelers seeking reliable and cost-effective international communication.
Recent Developments
- In August 2023, Worldsim introduced a new way to get phone numbers from more than 45 countries.
STMicroelectronics
Company Overview
| Establishment Year | 1987 |
| Headquarter | Switzerland |
| Key Management | Jean-Marc Chery (CEO) |
| Revenue (US$ Bn) | $ 16.3 Billion (2022) |
| Headcount | ~ 51, 370 (2022) |
| Website | www.st.com |
About STMicroelectronics
STMicroelectronics, established in 1987 due to the merger between SGS Microelettronica and Thomson Semiconductors, is a prominent global semiconductor corporation. Its headquarters are located in Geneva, Switzerland, with operational headquarters situated in Plan-les-Ouates, Switzerland. The company is a leading force in the semiconductor industry, specializing in creating and producing a diverse range of semiconductor solutions.
STMicroelectronics caters to various sectors, including automotive, industrial, consumer electronics, and telecommunications. Their product lineup comprises microcontrollers, power management solutions, sensors, and analog and mixed-signal integrated circuits. These innovations contribute significantly to technological progress and the development of applications such as IoT, smart devices, and global automotive electronics.
Geographical Presence
STMicroelectronics has a robust global presence with a network of offices, manufacturing facilities, and research and development centers across various continents. The company’s geographical footprint spans North America, Europe, Asia, and other regions, making it an international semiconductor manufacturer.
STMicroelectronics’s extensive global reach positions it to serve various industries effectively, including automotive, industrial, consumer electronics, and telecommunications. This global presence allows the company to provide cutting-edge semiconductor solutions and support to its diverse clientele, contributing to technological advancements and innovations worldwide.
Recent Developments
- In September 2023, STMicroelectronics launched secure software for edge devices powered by STM32 that connect to AWS IoT Core.
- In July 2023, the STMicroelectronics company announced the development of a new FlightSense multidimensional distance sensor with a field of view similar to that of a camera.
Giesecke-Devrient
Company Overview
| Establishment Year | 1952 |
| Headquarter | Germany |
| Key Management | Ralf Wintergerst (CEO) |
| Revenue (US$ Bn) | $ 2.53 Billion (2022) |
| Headcount | ~ 12,600 (2022) |
| Website | www.gi-de.com |
About Giesecke+Devrient
Giesecke+Devrient (G+D), founded in 1852 by Hermann Giesecke and Alphonse Devrient, is a globally renowned technology company headquartered in Munich, Germany. With a rich history spanning over a century and a half, G+D has established itself as a leader in the field of security technology and provides innovative solutions for various industries.
The company specializes in banknote and currency management, secure communication, identity and access management, and digital security. G+D’s global presence extends across multiple continents, serving governments, financial institutions, enterprises, and telecommunications providers with cutting-edge technology solutions that ensure the security, integrity, and trustworthiness of data and transactions in an increasingly interconnected digital world.
Geographical Presence
Giesecke+Devrient (G+D) has established a widespread global presence, serving customers worldwide with cutting-edge technology solutions. The company’s operations span multiple continents, with a significant presence in Europe, Asia, the Americas, and Africa. G+D’s headquarters are located in Munich, Germany, and it operates through a network of subsidiaries, offices, and partnerships in various countries.
This global reach allows G+D to provide comprehensive security technology solutions to governments, financial institutions, enterprises, and telecommunications providers worldwide, ensuring the protection and trustworthiness of data and transactions in an increasingly interconnected and digitally driven global landscape.
Recent Developments
- In June 2023, G+D in partnership with Sateliot launched the world’s first iSIM with mobile and satellite connectivity.
- In June 2023, Mastercard announced the selection of Giesecke + Devrient as its first Digital First Integrator for the Mastercard Engage program.,.
Deutsche-Telekom
Company Overview
| Establishment Year | 1995 |
| Headquarter | Germany |
| Key Management | Timotheus Höttges (CEO) |
| Revenue (US$ Bn) | Euro 27.8 Billion (2022) |
| Headcount | ~ 205,112 (2022) |
| Website | www.telekom.com |
About Deutsche Telekom
Deutsche Telekom, established in 1995, is a leading multinational telecommunications company headquartered in Bonn, Germany. Founded as a privatized successor to the state-owned Deutsche Bundespost, the company has grown into one of the world’s largest telecommunications providers.
With its extensive portfolio of services, including mobile and fixed-line telephony, broadband internet, and digital solutions, Deutsche Telekom serves millions across Europe, the United States, and other regions. Committed to innovation and connectivity, the company plays a pivotal role in shaping the telecommunications industry, offering services to individuals, businesses, and government organizations, and advancing global communications.
Geographical Presence
Deutsche Telekom has established a robust global presence, operating in numerous countries and regions worldwide. While its headquarters are based in Bonn, Germany, the company’s operations extend far beyond its home country. It has a strong footprint in Europe, serving customers in countries such as the United Kingdom, France, the Netherlands, and Poland.
In the United States, Deutsche Telekom operates through its subsidiary, T-Mobile, significantly impacting the North American telecommunications market. Additionally, the company has a growing presence in emerging markets in Eastern Europe and Southeast Asia.
Recent Developments
- In August 2023, A “Quantum Lab” has been opened at Deutsche Telekom’s T-Labs site in Berlin. The lab focuses on quantum research and incorporating quantum technologies into commercial telecommunications networks.
- In August 2022, Deutsche Telekom and partners showcased multi-domain 5G dynamic slicing orchestration for enterprise services.
Airalo
Company Overview
| Establishment Year | 2019 |
| Headquarter | Singapore |
| Key Management | Bahadir (CEO) |
| Revenue (US$ Bn) | $ 67.3 Million (2022) |
| Headcount | ~ 128 (2022) |
| Website | www.airalo.com |
About Airalo
Airalo, founded in 2019, is a dynamic telecommunications company headquartered in Singapore. The company was established to revolutionize global connectivity by providing a platform for travelers to access eSIMs for data connectivity while roaming easily. Airalo offers a wide selection of eSIMs from various mobile operators, making it convenient for travelers to stay connected in multiple countries without needing physical SIM cards.
With a customer-centric approach and a focus on simplifying international roaming, Airalo has quickly gained recognition as a leading player in the eSIM market, serving travelers and business professionals worldwide with seamless and cost-effective connectivity solutions.
Geographical Presence
Airalo, headquartered in Singapore, has established a global presence to serve travelers and international customers worldwide. While based in Singapore, the company’s services are accessible to individuals and businesses worldwide, enabling them to access eSIMs for data connectivity while roaming in multiple countries. Airalo’s reach extends across various continents, with a significant presence in Asia, Europe, the Americas, Africa, and other regions.
This global presence allows Airalo to offer a wide selection of eSIMs from different mobile operators, ensuring that travelers can easily access cost-effective and convenient connectivity solutions wherever their journeys take them. Through its widespread geographical reach, Airalo continues to simplify international roaming for travelers and business professionals, making it easier to stay connected while on the move.
Recent Developments
- In August 2023, Airalo was awarded $60 Million in eSIM Marketplace Financing: Startup Financing Round.
- In August 2023, The world’s largest eSIM marketplace Airalo raised $56 million in Series B funding.
Sierra-Wireless
Company Overview
| Establishment Year | 1993 |
| Headquarter | Canada |
| Key Management | Phil Brace (CEO) |
| Revenue (US$ Bn) | $ 190 Million (2022) |
| Headcount | ~ 1,439 (2022) |
| Website | www.sierrawireless.com |
About Sierra Wireless
Sierra Wireless, founded in 1993 by entrepreneurs Peter Barnes, Glenn Riley, and John Gilbey, is a notable multinational technology corporation headquartered in Richmond, British Columbia, Canada. The company has firmly positioned itself as a leading provider of Internet of Things (IoT) solutions. It offers a comprehensive suite of hardware, software, and services that empower organizations to connect and oversee IoT devices seamlessly.
Sierra Wireless strongly emphasizes innovation and fostering connectivity, playing a crucial role in shaping the landscape of IoT. It serves a wide array of industries and clients globally, contributing to the progression of IoT technologies for a future marked by connectivity and data utilization.
Geographical Presence
Sierra Wireless has a substantial presence across North America, Europe, and Asia-Pacific, maintaining offices, subsidiaries, and collaborative ventures in strategic locations. This extensive global reach empowers Sierra Wireless to offer comprehensive Internet of Things (IoT) solutions to various industries and customers worldwide.
It facilitates the smooth connection and oversight of IoT devices on a global level. Thanks to its broad geographical footprint, Sierra Wireless remains a central player in shaping the IoT arena and empowering organizations to leverage the possibilities of interconnected devices for increased productivity and innovation.
Recent Developments
- In June 2023, Sierra Wireless and Amdocs collaborated to Simplify Private Network Deployment.
- In January 2023, Semtech Corporation completed the acquisition of Sierra Wireless.
idemia
Company Overview
| Establishment Year | 2007 |
| Headquarter | France |
| Key Management | Pierre Barrial (CEO) |
| Revenue (US$ Bn) | $ 2.6 Billion (2022) |
| Headcount | ~ 10,000 (2022) |
| Website | www.idemia.com |
About Idemia
Idemia, founded in 2017, is a leading global technology company headquartered in Courbevoie, France. The company was formed due to the merger between Oberthur Technologies and Safran Identity & Security. Idemia provides cutting-edge identity verification, security, and digital transformation solutions to governments, financial institutions, enterprises, and telecommunications providers worldwide.
With a rich heritage of innovation and a diverse portfolio of products and services, Idemia plays a pivotal role in ensuring the secure and convenient digital interactions of individuals and organizations, contributing to advancing global identity and security technologies.
Geographical Presence
Idemia has established a robust global footprint, with operations spanning numerous countries and regions worldwide. While the company’s headquarters are based in Courbevoie, France, its reach extends far beyond its home nation. Idemia maintains a significant presence in Europe, catering to customers in countries like the United Kingdom, Germany, Italy, and Spain. Furthermore, in eSIM it holds a substantial position in North America, particularly in the United States.
The company’s influence extends into the Asia-Pacific region, encompassing countries such as India, Singapore, and Australia, and it is gradually expanding its footprint in the Middle East and Africa. This extensive geographical presence positions Idemia to provide a diverse range of solutions for identity verification, security, and digital transformation to governments, financial institutions, businesses, and telecommunications providers worldwide. This contribution enhances security and convenience in our increasingly digitalized world.
Recent Developments
- In September 2023, IDEMIA partnered with Airtel to bring the digital Rupee app to feature phones to promote financial inclusion. Nokia Phones is the home of the app, and HMD Global is the global brand behind it.
- In January 2023, IDEMIA partnered with Microsoft to deliver next-gen eSIM connectivity services.
Instabridge
Company Overview
| Establishment Year | 2012 |
| Headquarter | Sweden |
| Key Management | Niklas Agevik (CEO) |
| Revenue (US$ Bn) | $ 4.4 Million (2022) |
| Headcount | ~200 (2022) |
| Website | instabridge.com |
About Instabridge
Established in 2012, Instabridge is a dynamic tech firm in Stockholm, Sweden. The company’s inception aimed to tackle the increasing demand for easily accessible and dependable Wi-Fi connections. Instabridge presents a distinctive platform and mobile application, simplifying the discovery and connection to Wi-Fi hotspots worldwide.
This endeavor facilitates staying connected while on the move. Instabridge’s user-friendly approach and its mission to make Wi-Fi access available to all have solidified its standing as a key player in the realm of Wi-Fi connectivity. The company caters to users and enterprises globally, offering seamless and cost-effective connectivity solutions.
Geographical Presence
Instabridge’s geographical reach spans multiple continents, with a significant presence in Europe, North America, Asia-Pacific, and other regions. This eSIM widespread presence allows Instabridge to offer a comprehensive Wi-Fi connectivity solution, making it convenient for travelers and users worldwide to access reliable and cost-effective Wi-Fi networks while on the move.
Through its global network of hotspots, Instabridge continues to simplify and enhance connectivity experiences for users and businesses.
Recent Developments
- In April 2023, InfraBridge invested millions in Phantom Auto, a remote forklift and yard truck technology company.
- In February 2023, Access the internet in 190 countries with the Instabridge eSIM deal.
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