Strategy Analytics forecasts that the installed base of eSIMs for IoT applications will grow at a 54% CAGR between 2018 and 2025. The eSIM has been heralded as the next evolution of the SIM card, because it offers the ability to change service provider profiles over-the-air (OTA), without needing to physically change the SIM card itself. It incorporates new functionality that is needed to enable devices where it is either difficult or inefficient to access a physical SIM, for example hermetically sealed medical devices, vehicles and a range of other IoT devices.
This report contains IoT eSIM installed base forecasts by vertical industry and region.