Shipments of eSIM-based devices will reach almost two billion units by 2025, up from 364 million in 2018, according to a study by Counterpoint Research.
This is mainly driven by the rise in adoption of smartphones and enterprise Internet of Things (IoT) devices. “A majority of eSIM-based devices will have a hardware chip-based eSIM solution until 2025.After that, it will see a rise in the adoption of integrated SIM-based solutions,” the study said.
“The growth of eSIMs will revolutionise how the connectivity across the devices will be activated and managed. The eSIM’s compact form factor offers significant space reduction for device manufacturers along with potentially higher security, re-programmability and power efficiencies over the traditional SIM card solutions,” Counterpoint Research Analyst Satyajit Sinha said.
“For operators, eSIMs can significantly reduce the SIM distribution and activation costs. Furthermore, eSIM offers great benefits for consumers and enterprise customers to seamlessly choose, activate, connect and manage connectivity on their devices,” he added.
Other connected devices such as mobile hotspots, routers, connected PCs, drones and smartwatches though will grow at a higher rate per annum due to a relatively smaller base of adoption right now.
However, in terms of shipment volumes, smartphones and B2B IoT devices will lead, the study said.