eSIM – Adoption and Development in Enterprise IoT
eSIM (Embedded Subscriber Identity Module) or eUICC (Embedded Universal Integrated Circuit Card) has been heralded as the next evolution of the SIM card, offering the ability to change service provider profiles over the air (OTA), without needing to physically swap the SIM card itself. esim Enterprise IoT
eSIMs are specifically designed to address the limitations of physical SIM cards. They incorporate new functionalities that are needed to enable connected devices where it is either difficult or inefficient to access a physical SIM, for example, healthcare devices, connected vehicles, or a whole range of other IoT devices.
Source: G+D
Furthermore, another IoT-specific SIM technology iSIM (integrated SIM) is emerging that would combine eSIM capability within a single purpose-built SoC. While an eSIM is a dedicated chip soldered onto a board and attached to a device’s processor, iSIM integrates the processor core and encryption in a system-on-chip (SoC).
Analysis
Global eSIM Market
The global eSIM Installed Base for IoT applications will grow from 599 million in 2022, to 4712 million by 2030 at a CAGR of 29% according to TechInsights latest forecast update on eSIM installed base.
Global IoT eSIM Installed Base (in millions)
The eSIM market growth is fuelled by enterprise IoT applications in verticals such as Automotive, Industrial/Manufacturing, Transport/Logistics etc. TechInsights anticipates the commercial iSIM rollout will start in 2023. In 2023, we expect eSIM (including iSIM numbers) to account for more than 50% of the total IoT module sales.
Top 5 IoT eSIM Verticals in 2022 (%) esim Enterprise IoT
TechInsights recently published eSIM installed base forecasts by Industry Verticals and Regions together with the eSIM sales forecasts till 2030. Along with the forecast data we also published an Insight report on the adoption and development of eSIM across Enterprises and world regions.
iSIM technology
In addition to eSIM and eUICC, the emerging iSIM technology is also gaining attention in the IoT space. iSIM combines eSIM functionality within a single system-on-chip, incorporating the processor core and encryption capabilities. The global eSIM market is expected to see significant growth, driven by enterprise IoT applications in industries such as automotive, manufacturing, and logistics. TechInsights projects that eSIM (including iSIM) will account for over 50% of total IoT module sales by 2023. The firm has also published eSIM installed base and sales forecasts by industry verticals and regions, as well as an insight report on the adoption and development of eSIM across enterprises and world regions.
In summary, eSIM solutions, including the emerging iSIM, are expected to revolutionize the IoT industry, and BNESIM is a perfect solution for businesses looking to adopt this technology
Here are some indicative prepaid eSIM card prices:
