Know how E-Sim will revolutionize the Smartphone Industry

In the current digital era, there is an escalating demand for connectivity playing a very crucial role in every phase of life deciding the way we work, live, interact and others. The world has become more addicted to mobile and internet technology, with major of the internet of traffic carried out through 3G, 4G LTE networks and IoT, 5G to dominate the global connectivity scenario. These features have created a colossal demand for mobile connections, according to our analysis mobile will account around 30 billion connections by 2025.

Although, the market is achieving such a higher growth, there are some challenges in the market that needs to be overcomed. One of them is how to channelize the connectivity path between mobile device and network. The current model of connectivity also termed as subscriber identity module (SIM) fails to provide the feature of multiple network access through single devices. In a global context, consumers are no longer interested in paying higher cost to connect to the local networks in case industries such as smart cars, vans, trucks and others.

This growing complexity is being overcomed by new disruptive technology known as e-sim. Embedded sim or e-sim is an embedded technology integrated into the mobile device rather than floating it on the removable chip. Globally, various countries are planning to shutdown their 2G and 3G networks for reducing the operational cost, thereby gaining a profitable opportunity for future technologies such as NB-IoT and e-sim during the forecast period.

Although, the e-sim technology is estimated to achieve a higher growth with a CAGR of 30.25%, the overall market scenario is in the growing phase. Few companies such as Apple and Google have adopted e-sims in their higher end models and the market is yet to witness a colossal collaboration between OEM’s and mobile operators, thereby widening the scope of e-sim technology in the near future. Parallelly, significant growth in the smartphone and IoT market will also drive the e-sim market, with a value of global shipments reaching over 3 billion units by 2025. On-going industrial routines for standardizing the e-sim technology by GSMA will also help in achieving an exponential growth to the overall market.

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