An eSIM (embedded SIM) is a virtual SIM card that allows devices to connect to a mobile network without the need for a physical SIM card. The eSIM market is expected to grow significantly in the coming years due to the increasing adoption of eSIM technology in devices such as smartphones, tablets, and smartwatches.
One driver of the eSIM market is the increasing demand for connected devices. As the Internet of Things (IoT) continues to grow, more and more devices are being connected to mobile networks, and eSIM technology makes it easier to connect these devices.
Another driver of the eSIM market is the growing trend towards digitalization and virtualization in the telecom industry. eSIM technology allows for greater flexibility and convenience in terms of switching between mobile networks and activating new services, which is attractive to both consumers and service providers.
Overall, the eSIM market is expected to see strong growth in the coming years due to the increasing demand for connected devices and the trend towards digitalization in the telecom industry. It is likely that eSIM technology will become increasingly prevalent in a wide range of devices, including smartphones, tablets, smartwatches, and other IoT devices.