The number of IoT eSIM devices is expected to reach 2.2 billion in 2030, with a compound annual growth rate of 43%

Market research firm Counterpoint Research recently released a report predicting that by 2030, the number of IoT devices connected to the network through eSIM technology is expected to reach 2.2 billion. This forecast shows huge growth potential, with a compound annual growth rate of 43%. This trend shows that the application of eSIM technology in the field of IoT will grow rapidly and become one of the key driving forces for the future development of IoT. With the continuous popularization and development of eSIM technology, various types of smart devices will connect to the network more conveniently, bringing users a more intelligent and efficient experience. The number of 2.2 billion eSIM-connected devices in 2030 also reflects the huge potential and opportunities of the future IoT market. This forecast

# report also points out that with the rapid development of technology and the growth of market demand, eSIM is gradually becoming an indispensable connection method in the field of Internet of Things. It is expected that by 2030, nearly one-third of IoT devices will adopt eSIM or iSIM solutions. This trend shows that eSIM technology plays an important role in providing more convenient and flexible connection methods for IoT devices.

When talking about the current status of eSIM connections in the IoT field, Mohit Agrawal, deputy director of Counterpoint Research, pointed out that due to some limitations of the M2M eSIM specification, eSIM growth in the IoT field currently lags slightly behind the consumer field. Nonetheless, he emphasized the high degree of product-market fit and predicted that the number of eSIM connections in the IoT sector will be close to 200 million by the end of 2023.

Commenting on this forecast, Senior Research Analyst Ankit Malhotra pointed out that the GSMA’s new IoT eSIM standard (SGD.31/32) is expected to drive the adoption of eSIM technology in more constrained devices, thereby enabling IoT The networking field promotes the development of eSIM and iSIM technology. He emphasized that the main industry that early adopted eSIM technology was automotive industry customers, which showed the potential application prospects of IoT eSIM technology in the automotive industry.

According to the editor’s understanding, with the rapid development of 5G, Internet of Things and other technologies, eSIM is gradually becoming an important choice for connecting devices. Its advantage is that it can be configured and managed remotely without the need for a physical SIM card slot, making device design more flexible and convenient. In the future, with the further maturity of eSIM technology and the expansion of application scenarios, its application in the field of Internet of Things will be more extensive.

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