New Research Points to 3.6 Billion eSIM Technologies in IoT by 2030

A general question: How fares the growing adoption of eSIM technology for IoT applications?

The answer: Quite well, as data shows.

Below is a rundown of said data and other specifics, courtesy of new research:

Catalyzed by the GSMA (News - Alert) SGP.31/32 specifications, eSIM technology is “primed for mass adoption,” according to analysts behind this research. (This will unlock easier overall device management capabilities, greater network coverage, and improved commercial terms for organizations in need.)

Furthermore, eSIM technology – which has already been seen as an important form factor for IoT devices – is improving how enterprises provision over-the-air (OTA) in resource-constrained devices. This is predicted to “create more competition between CSPs” as well, and IoT enterprises will be in better positions to continue the journey towards a long-desired, across-the-board eSIM standardization.

Additional figures, for context:

• According to Omdia, “Advances in eSIM technology will drive adoption in IoT from just over 1 billion in 2023 to over 3.6 billion by 2030.”

• From a survey of 700 global IoT enterprises, nearly 90% of respondents plan to adopt eSIM technology over the next two years.

• The aforementioned GSMA SGP.32 eSIM specification was “much needed for IoT” and offers significant cost, flexibility and longevity-centric advantages for hardware OEMs and key industries like automotive and industrial IoT (IIoT), among others.

In this case, the “others” include energy and utilities, healthcare, remote monitoring, transportation and logistics, and for smart city implementations.

The long-story-short of it? eSIMs hype is unlikely to slow, as the technology represents greater efficiencies for cellular IoT markets, increased security capabilities, better cost management, and the ability to flexibly comply with evolving regulations.

Read another story I penned about the momentum of eSIM prioritizations here.