6 percent of international eSIMS will be used for the IoT sector by the end of 2026, the report added
The digital technology market research firm Juniper Research has now published a new survey report, which stated that the international volume of IoT connections utilizing eSIM technology will increase to 195 billion by the end of 2026, while in 2023, the volume will be just 22 million. The survey report also added that the variant eIM (eSIM IoT Manager) has been gaining traction and is speculated to spearhead the growth amongst the eSIM podiums in the coming three years.
Now, going by the definition of eIM, eIM is a standardized eSIM provisioning tool allowing large-scale deployment and management of eSIM‑enabled IoT devices. eIM is defined in SGP.31 by the GSMA, and standardizes the process for the mass deployment of eSIM-enabled IoT devices. G+D, Thales and IDEMIA remained leaders in the Global eSIM Enablement landscape, according to the 2022 edition of Counterpoint Research’s eSIM COREreport, maintaining their positions from the previous year, as per an exclusive report of Counterpoint Research.
As per a report of the IoT World Today, the report said, “eIM solutions will reduce the cost of deployments by enabling multiple connections to be deployed at the same time; increasing the value proposition of eSIM use cases requiring mass deployments.” This year the report speculates that around 2 percent of eSIMs are currently in use and will be utilized for the IoT domain, while the augmented consumption of eIM will offer further momentum on the usage. 6 percent of international eSIMS will be used for the IoT sector by the end of 2026, the report added.
Interestingly, the report mentioned that as the oil and gas and the logistics industry is completely dependent on wide area networks, low-power, and the requirement for mass deployment the consumption of eIM will be very high in these sectors. Researchers opined that these two giant industries will be responsible for 75 percent of the eSIMs usage by 2026 throughout the planet.
Senior Research Analyst Ankit Malhotra at Counterpoint Research told media, "2022 was a landmark year for the eSIM ecosystem. eSIM’s adoption has accelerated all around the world and it is now rapidly moving towards becoming the preferred mode of connectivity. More than 260 MNOs/MVNOs now support eSIM and the average device support by carriers is more than 30 as well. Among newer devices, the launch of the eSIM-only iPhone 14 is rightly seen as a huge inflection point."
"Consumer interest in eSIM is at an all-time high, profile downloads have increased exponentially, and newer players are entering the market – all signs of an ecosystem on the rise. This momentum is being carried over to 2023 and we forecast another strong year with new devices, new technology and innovation, and more widespread adoption of eSIM," added Malhotra