Top Companies in the eSIM Industry

The global eSIM (embedded SIM) market represents one of the most dynamic segments in the telecommunications industry, driven by the increasing demand for connected devices and IoT solutions. The global eSIM market size reached USD 11.93 Billion in 2024 and is expected to reach USD 45.39 Billion by 2033, with a CAGR of 15.81% during 2025-2033. This remarkable growth trajectory reflects the technology's ability to eliminate physical SIM cards while enabling seamless connectivity management across multiple networks and devices.

Consumer adoption of eSIM technology has accelerated significantly, particularly in smartphones, wearables, and automotive applications. The technology offers compelling advantages including reduced device footprint, enhanced security, remote provisioning capabilities, and simplified network switching. Key demand drivers include the proliferation of IoT devices, increasing smartphone penetration in emerging markets, growing demand for connected vehicles, and the need for flexible connectivity solutions in industrial applications.

The sustainability impact of eSIM technology cannot be overlooked, as it eliminates the need for plastic SIM cards and reduces electronic waste. This environmental benefit, combined with operational efficiencies for mobile network operators and device manufacturers, positions eSIM as a crucial technology for the digital transformation era. The market's robust growth is further supported by 5G network expansion, which creates new opportunities for advanced connectivity solutions across various industry verticals.

Learn about opportunities, challenges, and trends in the global eSIM market with IMARC’s market research report. Try a free sample today!

Top 10 eSIM Companies Operating in the Global Market

The global eSIM market has several major players including AT&T Inc., IDEMIA, Giesecke+Devrient GmbH, Infineon Technologies AG, Kigen, KORE Wireless, STMicroelectronics, Thales group, Trasna, and Valid S.A.

1. AT&T Inc.

AT&T Inc. offers media and technology services worldwide. It primarily provides wireless voice and data communications services, wireless data cards, computing devices, carrying cases, and hands-free devices through company-owned and third-party retail stores. It also provides voice, data, security, cloud outsourcing, managed and professional services, and customer premises equipment for multinational corporations, small and mid-sized businesses, and wholesale customers. In addition, the company provides fiber and legacy telephony voice communication services to residential customers. 

2. IDEMIA

IDEMIA is a multinational technology company that provides identity-related security services, facial recognition, and other biometric identification products to private companies and governments. Presently, the company employs 15,000 employees in more than 2,300 enterprises spread over 180 countries.

3. Giesecke+Devrient GmbH

Giesecke+Devrient (G+D) provides security technology solutions. It provides banknotes, securities printing, smart cards, and cash handling systems. Presently, the company employs 11,500 people and has a presence in 33 countries. It primarily serves central and commercial banks, health insurance companies, automotive manufacturers, mobile network providers, governments, and public authorities. 

4. Infineon Technologies AG

Infineon Technologies AG manufactures and markets semiconductors and related system solutions. It is one of the largest semiconductor manufacturers in the world. The company's connected, secure systems provide connectivity solutions, microcontrollers, embedded security controllers, and security controllers for automotive, consumer electronics, authentication, government identification document, mobile communication, payment system, Internet of Things (IoT), ticketing, access control, and trusted computing applications. At present, Infineon has operations across Asia Pacific, Middle East and Africa, North America, Europe, and South America. 

5. Kigen

Kigen stands as a leading innovator in the eSIM and iSIM security-enabled IoT solutions space, specifically designed for the artificial intelligence era. The company specializes in providing comprehensive connectivity solutions that enable original equipment manufacturers (OEMs) and mobile network operators (MNOs) to scale cellular IoT device deployments effectively. Kigen's product portfolio centers around advanced eSIM operating systems and secure connectivity platforms that address critical challenges in smart metering, asset tracking, and logistics applications. The company has established itself as a fast-growth specialist with global recognition for its technological expertise and innovation in embedded SIM technologies, serving customers across multiple continents with cutting-edge security solutions.

6. KORE Wireless

KORE Wireless operates as a global leader in IoT connectivity solutions, with eSIM technology forming a cornerstone of their comprehensive service portfolio. The company provides end-to-end IoT solutions including connectivity, device management, and analytics platforms to enterprises across various industries. KORE's eSIM offerings enable seamless global connectivity for IoT devices, supporting remote provisioning and network switching capabilities essential for large-scale deployments. The company's technological strengths include its extensive global carrier partnerships, advanced connectivity management platforms, and deep expertise in IoT application development. KORE serves customers across automotive, healthcare, logistics, energy, and industrial sectors, with operations spanning North America, Europe, and Asia-Pacific regions, facilitating millions of connected devices worldwide through their robust connectivity infrastructure and managed services.

7. STMicroelectronics

STMicroelectronics designs, develop, manufactures, and sells semiconductor products across the globe. It offers automotive integrated circuits (ICs), industrial application-specific integrated circuits (ASICs), general-purpose analog products, custom analog ICs, wireless charging solutions, galvanic isolated gate drivers, comparators, radio frequency (RF) and electrically erasable programmable read-only memories, mixed-signal ASICs. The company sells its products through retailers, distributors, and sales representatives in industrial, personal electronics and communications equipment, automotive, computers, and peripherals markets.

8. Thales Group 

  
Thales Group provides various solutions for civilian and military customers. It offers communications, command, protection, and mission/combat systems, detection, surveillance, intelligence systems, training and simulation solutions, and digital identity and security solutions. In addition, it designs, operates, and delivers satellite-based systems for telecommunications, navigation, earth observation, and science and orbital infrastructures. The company also provides eSIM subscription management platforms for mobile operators, operator alliances, MVNOs, car manufacturers, and OEMs.

9. Trasna

Trasna delivers comprehensive end-to-end cellular connectivity solutions spanning from chip-to-cloud architecture, encompassing SIM, eSIM, iSIM/SoC technologies, cellular IoT modules, and advanced device management platforms. The company's business model focuses on providing total control, efficiency, and innovation to enterprises seeking robust IoT connectivity solutions. Trasna's technological strengths lie in its integrated approach to cellular connectivity, offering seamless integration across hardware and software components. The company serves a diverse global customer base including enterprises, device manufacturers, and service providers across various industries. Their platform enables organizations to manage large-scale IoT deployments with enhanced security, simplified provisioning, and comprehensive device lifecycle management capabilities through their unified connectivity ecosystem.

10. Valid S.A.

Valid S.A. operates as a prominent technology company with extensive expertise in secure digital solutions, including eSIM technology and digital identity management. The company has evolved from its traditional roots in secure document and card production to become a major player in the digital transformation space. Valid's eSIM solutions focus on providing secure, scalable connectivity options for mobile operators and enterprise customers globally. The company leverages decades of experience in security technologies to deliver robust eSIM platforms that meet stringent industry standards. With a strong presence across Latin America and expanding global operations, Valid serves telecommunications operators, government agencies, and enterprise clients seeking reliable and secure connectivity solutions for their digital infrastructure and IoT deployments.

About Author: