eSIM boom with 3.4bn by 2025
A study by Juniper Research is predicting the number of eSIM installations in connected devices will increase from 1.2bn this year to 3.4bn in 2025, a growth of 180%.
eSIMs are modules embedded directly into devices that provide cellular connectivity and store multiple network operator profiles.
The research independently assessed eSIM adoption and demand in the consumer sector, industrial sector, and public sector, and predicts that the consumer sector will account for 94% of global eSIM installations by 2025. The study anticipates established adoption of eSIM frameworks from consumer device vendors, such as Apple and Google, will accelerate growth of eSIMs in consumer devices ahead of the industrial and public sectors.
The research found that global deployments of eSIMs across all consumer verticals will increase by 170% over the next four years, with widespread adoption reliant on backing from network operators. To help the market, device manufacturers should place pressure on operators to support eSIM frameworks and accelerate market maturation.
However, a fragmentation of hardware vendors in the cellular IoT device market will require each vertical to adopt a combination of wireless technologies, hardware, and management tools. In turn, the report predicts that specialist vendors will emerge that provide robust eSIM form factors for industrial environments.
The development of rugged form factors will position vendors well to capitalise on the market, as eSIM installations in these verticals grow from 28 million units in 2021 to 116 million by 2025.
Research author Scarlett Woodford noted: ‘Ensuring convenience for the end user must remain the top priority for eSIM management platform providers. To do so, they must provide a level of service comparable to that found with traditional SIM deployments.’
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