According to a report by Juniper Research , the number of internet of things (IoT) connections via eSIM technology is expected to reach 195 million worldwide by 2026, up from just 22 million in 2023.
As per the report, the rise in adoption of eSIM IoT Manager (eIM) among the eSIM platforms will drive growth over the next three years. eIM is a systemised eSIM provisioning tool that is used for large-scale deployment and management of IoT devices enabled by eSIM.
The report reveals that after using obligatory eSIM provisioning solutions such as subscription management secure routing, there has been a delay in the growth of eSIMs in the IoT market, limiting the number of devices that can be provisioned and managed by a single user interface. However, the increased adoption of eIM tools is expected to bring growth of eIM IoT connections by 6 per cent in 2026.
Further, the report forecasts that eSIM-enabled IoT devices in service will grow by 780 per cent globally by 2026. Two key sectors that will benefit from eIM are logistics and oil and gas extraction. These two markets are expected to account for 75 per cent of eSIMs in use worldwide, owing to their reliance on low-power wide-area business models that necessitate the use of mass deployment processes.