eSIM market to be worth over $4 bn globally in 2023; to increase by 249 percent: Report

India and China will represent 25 percent of smartphones using eSIM connectivity by 2027, says the report

January 11, 2023

Global eSIM market value to hit $16.3bn in 2027, Juniper Research finds

As per new reports, the eSIM market will be worth over $4 billion globally in 2023, as Apple‘s innovation disrupts the smartphone sector. However, the value of the global eSIM market will increase from $4.7 billion in 2023 to $16.3 billion by 2027, according to Juniper Research.

eSIMs are embedded within devices, enabling devices and sensors to switch between network operator profiles seamlessly.

Increasing by an impressive 249 percent, the report said that the market would be driven by the adoption of eSIM-enabled consumer devices, as seen in Apple’s recent release of the eSIM-only iPhone 14.

Research author Scarlett Woodford said, “Despite operator concerns regarding the disruptive impact of eSIMs on existing business models, growing support from smartphone manufacturers will place additional pressure on operators. In response, service providers must support eSIM connectivity to avoid subscriber attrition as technology awareness increases.”

Moreover, India and China will represent 25 percent of smartphones using eSIM connectivity by 2027, according to the report.

The report also found that the total number of eSIM-connected smartphones in China will increase from 103 million in 2023 to 385 million by 2027.

Furthermore, the total number of smartphones leveraging eSIM connectivity will increase from 986 million in 2023 to 3.5 billion by 2027, with manufacturers such as Google and Samsung developing an equivalent eSIM-only Android device in order to compete with Apple and maintain their global market positioning, the report mentioned.

[With Inputs from IANS]

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