Shipments of eSIM-based devices are set to reach almost two billion units by 2025, up from 364 million in 2018, a new report by Counterpoint Research said on Monday.
According to Counterpoint's "Emerging Technology Opportunities Service" report, this would be mainly due to smartphones and enterprise Internet of Things (IoT) devices.
Also, a majority of eSIM-based devices would have a hardware chip-based eSIM solution until 2025, and after that, it would see a rise in the adoption of integrated SIM-based solutions.
"The growth of eSIMs will revolutionise how the connectivity across the devices will be activated and managed. The 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," Satyajit Sinha, Research Analyst, Counterpoint Research, said in a statement.
"For operators, eSIMs can significantly reduce the SIM distribution and activation costs with the potential to generate higher roaming revenues. eSIM offers great benefits for consumers and enterprise customers to seamlessly choose, activate, connect and manage connectivity on their devices."