Although adoption is now at 33% of the device base, a recent analysis from IoT Analytics highlights the significance of eSIM and iSIM technology in enhancing security, streamlining roaming, and enabling provisioning for cellular IoT devices.
According to IoT Analytics’ analysis available to BrandSpur digital news platform, there were 650 million eSIM-capable IoT connectivity modules installed worldwide in 2023. Although eSIM technology has several benefits for cellular IoT connectivity, such as improved security and remote SIM provisioning, its uptake has been hampered by issues including industry-wide standards fragmentation and the difficulty of remote SIM provisioning.
The GSMA recently developed new specifications, SGP.31 and SGP.32, in an attempt to alleviate these difficulties.
By giving manufacturers and end users a clearer framework, these specs hope to hasten the adoption of eSIM technology. The market for cellular IoT modules using eSIM technology is expected to develop at a faster rate starting in the second half of 2025, according to IoT Analytics. Their most recent IoT eSIM Modules and iSIM Chipsets Market Tracker and Cellular IoT Modules & Chipsets Security Tracker studies include these observations.
“In Q3 2024, we observed a notable shift in CEO discussions toward AI applications, renewable energy, IT resilience, and the upcoming U.S. elections. Despite this shift, economic concerns remained the most discussed theme overall. Historically, changes in CEO discussion themes have been indicators of shifts in sentiment and corporate investment behavior. I expect these emerging topics to play a more prominent role in corporate decision-making moving forward,” stated IoT Analytics Principal Analyst Satyajit Sinha, who offered his thoughts.
