Strategy Analytics forecasts that sales of eSIMs for IoT applications will grow to 326 million by 2025, according to a new Strategy Analytics IoT Strategies report “How will eSIM Impact the Future of IoT and what are the Implications for Stakeholders?” eSIM (Embedded Subscriber Identity Module) has been heralded as the next evolution of the SIM card, because it offers the ability to change service provider profiles using Remote SIM Provisioning (RSP), without needing to physically change the SIM card itself, which is vital in enabling devices where it is either difficult or inefficient to access a physical SIM, for example hermetically sealed medical devices, vehicles, consumer electronic devices or a whole range of other IoT devices.
Figure 1. eSIM Sales by Vertical 2020 versus 2025. Source: Strategy Analytics, Inc.
eSIM developments are now ramping up. After years of non-interoperable eUICCs (Embedded Universal Integrated Circuit Card), the industry is now aligned with clear standards and a broad ecosystem of partners, with over 200 carriers supporting eSIM.
The topic has gained further attention due to the consumer market, where eSIM adoption is being driven by smartphones, as OEMs offer an ever-growing portfolio of devices, although eSIM is also a familiar feature of tablets and laptops, eReaders, smartwatches and other wearables.
According to Andrew Brown, Executive Director of Enterprise and IoT at Strategy Analytics and author of the report: “The growing number of SIM-enabled devices in IoT projects presents a maintenance and management headache from an enterprise perspective; the need to change SIM cards in millions of IoT devices, is impractical and unrealistic. eSIM offers a robust, scalable solution to the SIM card challenge especially for enterprises and is based on the open, vendor-neutral standard developed by the GSMA”.
“Over the last few years, we have also seen growth in integrated SIM (iSIM), which builds on eSIM functionality. While an eSIM is a dedicated chip soldered on to a board and attached to a device’s processor, iSIM integrates the processor core and encryption in a system-on-chip (SoC).
This is important for use cases which look for low cost, low power, and high levels of security in very small form factors. The growth in eSIM and iSIM is vital to driving seamless connectivity into as many devices as possible over the coming years,” he added.
HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR
Olam Cocoa launches new business for professional chefs, bakers and pâtissiers
Olam Cocoa has today announced the launch of Olam Cocoa for Professionals, a new business which will make its premium deZaan cocoa powders available to restaurants, caterers, and patisseries for the first time.
7Up danced into COVID-19 with 2Sure hand sanitizers with same bottle
7Up bottling company is one of the leading trademarks that deals with beverages. It produces and distributes carbonated soft drinks such as 7up, Mirinda, Pepsi, Teem, Mountain Dew, H2oH!, Lipton Ice Tea and Aquafina premium drinking water.
Netflix ignores critics to release ’Cuties’ movie revealed to be promoting children sex
Netflix, an American technology and media services provider and production company headquartered in Los Gatos, California, founded in 1997 by Reed Hastings.
Total Debt Stock Hits N31.01 Trillion as Nigeria Receives USD3.36 Billion Loan from IMF
In the just concluded week, total debt figure released by the Debt Management Office (DMO) showed that Nigeria’s total public debt stock for the second quarter of 2020 increased by 8.31% to N31.01 trillion as at June 2020 (from N28.63 trillion as at March 2020).
Over 60% of Global Bank Rating Outlooks Are Negative
Fitch Ratings’ new interactive country-by-country map of bank rating trends shows that the balance of Outlooks globally has turned sharply negative since the onset of the coronavirus pandemic. The proportion of bank ratings on Negative Outlook or Rating Watch Negative (RWN) shot up to over 60% at end-1H20 from 13% at end-2019. The proportion on RWN was 10%, the highest in recent years, reflecting near-term risks to many banks’ ratings. There were virtually no ratings on Positive Outlook or Rating Watch Positive.
Debt profiling: Drawing a nexus between Jonathan and Buhari Administrations
The Debt Management Office on Wednesday, 9th September, announced that Nigeria’s public debt has risen to N31.01 trillion at the end of June.
Hyundai Motor Company is leading the digital transformation in the era of COVID-19 and beyond with the launch of ‘Channel Hyundai’, an interactive app for smart TVs featuring multimedia content and a digital interface for customers to experience the brand in a new way.
Firm Develops 14,000-hectare Palm Plantation in Edo
An agriculture development firm, Agro-Allied Resources and Processing Nigeria Limited has commenced the development of a 14,000-hectare oil palm plantation in Odighi Community, in Ovia North East Local Government Area of Edo State.
