- Global shipments of eSIM capable devices grew 63% year-on-year in 2018, Counterpoint Research said
- eSIM adoption is poised to grow across several connected devices over the next decade
Shipments of embedded SIM (eSIM) cards has ballooned in the last year, a research paper by Counterpoint Research showed. eSIMs is basically a small chip inside your phone and works in a similar way to the NFC chip that’s used for payment technology platforms like Apple Pay and Google Pay.
Related Article: What Is eSIM?
Global shipments of eSIM capable devices (including vehicles) grew 63% year-on-year in 2018 to 364 Mn units and estimated to reach close to two billion units in shipments by 2025, according to the latest research from Counterpoint’s ETO (Emerging Technology Opportunities) Service.
eSIM adoption is poised to grow across several connected devices over the next decade leading to the expansion and growth of eSIM value chain.
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.
Related Article: Mobile Devices That Support eSIM
eSIMs also allow consumers to store multiple operator profiles on a device simultaneously, and switch between them remotely, though only one can be used at a time.
With the eSIM option, users will not need to put in a physical SIM card to access a cellular network. The cellular plans can be activated remotely on eSIM.
Why eSIMs Are Becoming Popular
One of the biggest benefits of eSIMS will be that consumers will be able to change carriers without having to get a new SIM. One can change carriers or plan directly from the phone settings. This means less time speaking with carriers, and ordering and waiting for new SIMs. The software does everything.
Also, travelers will be able to add a local data plan when traveling outside of the country or region.
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