eSIM installs to top 3.4 billion by 2025

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The number of eSIMs installed in connected devices will increase from 1.2 billion in 2021, to 3.4 billion in 2025, representing nearly 80% in growth.

According to latest figures from a new Juniper Research study entitled eSIMs: Sector Analysis, Emerging Opportunities & Market Forecasts 2021-2025, the consumer sector will account for 94% of global eSIM installations by 2025.

The report  specifically examined eSIM adoption and demand in the consumer, industrial and public sectors, and further predicts that the established adoption of eSIM frameworks from consumer device vendors, such as Apple and Google, will accelerate growth of eSIMs in consumer devices before the industrial and public sectors.

In addition, the research indicates that global eSIM deployments across all consumer verticals will increase by 170% over the next four years, with widespread adoption dependant on support from network operators. Meaning that device manufacturers need to pressure operators to support eSIM frameworks and accelerate the maturation of the market.

“Ensuring convenience for the end user must remain the top priority for eSIM management platform providers. To do so, they must provide a level of service comparable to that found with traditional SIM deployments,” said Scarlett Woodford, research author.

At the same time, the report recognises that a small section of hardware vendors in the mobile IoT device market will require each vertical to adopt a combination of wireless technologies, hardware, and management tools.

As a result, it predicts that specialist vendors will emerge that provide robust eSIM form factors for industrial environments.

There are three key areas of focus for eSIM adoption in the industrial sector, oil and gas, manufacturing, and logistics.

This suggests that the development of rugged form factors will enable vendors to capitalise on the market, as eSIM installations in these verticals grow from 28 million units in 2021 to 116 million by 2025.