Revenue mapping and connected device analysis were employed to determine the global market valuation in the consumer electronics and IoT ecosystems. The methodology comprised the following:
• Identification of over 50 key ecosystem participants in North America, Europe, Asia-Pacific, and Latin America, including semiconductor manufacturers (eUICC chipmakers), subscription management service providers (SM-DP+, SM-SR), mobile network operators, and device OEMs
• Product mapping across Consumer Electronics (smartphones, wearables, tablets), Automotive (connected vehicles, fleet management), Energy & Utilities (smart meters, grid infrastructure), Manufacturing (industrial IoT, asset tracking), Retail (POS systems, inventory management), and Transportation & Logistics (telematics, supply chain tracking)
• Examination of the annual revenues pertaining to eSIM enablement, subscription management services, and eUICC hardware portfolios, as reported and modeled
• In 2024, the ecosystem participants' coverage will account for 75-80% of the global market share.
• Derive segment-specific valuations for remote SIM provisioning, embedded hardware, and managed connectivity services through extrapolation using bottom-up (connected device volumes × ARPU by vertical and region) and top-down (ecosystem participant revenue validation) approaches.