Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 20,000 Million | USD 30,000 Million | 11.4% | 2022 |
FrequentlyAsked Questions
The global embedded SIM market is projected to expand over 2022-2030 because of the growing adoption of IoT technologies and government regulation on M2M-connected devices. The large presence of well-known players and start-ups around the world are also seen as growth drivers for the global embedded SIM market.
According to study, the global embedded SIM market size was $20,000 million in 2021 and is projected to reach $30,000 million by the end of 2030 with a compound annual growth rate (CAGR) of roughly 11.4% between 2022 and 2030.
North America is dominating the global embedded market due to the extensive adoption of IoT and cloud computing that is rampant in the region. Because of the increase in the eSIM leverage in this region, intelligent devices such as autonomous cars and connected automobiles are in the rise here propelling the market growth extremely.
The key players in the global embedded SIM market are Gemalto NV, Deutsche Telekom AG, NXP Semiconductors N.V., Infineon Technologies AG, Idemia, STMicroelectronics, Sierra Wireless, Giesecke & Devrient, Vodafone, NTT Docomo, Telefonica, ARM Ltd, Cisco Systems, and Singapore telecommunications limited.
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