A traditional SIM card cannot be replaced remotely, and it requires a physical switch to convert network carriers. Essentially – every device that needs to connect to a separate carrier would need a separate SIM card. However, with eSIM technology, the physical switch is eliminated and leveraged to create a universally compatible card that connects to any cellular carrier.
eSIM cards can support multiple carrier profiles, leading to long-lasting and reliable connectivity. According to a report published by Grand View Research, the global eSIM market size is estimated to rise at a compound annual growth rate (CAGR) of 15.8 percent from 2020 to 2027, up from a value of $8.03 billion in 2019.
Due to the increasing number of IoT devices worldwide, different industries such as fleet, smart agriculture, communications, and healthcare, are propelled by the adoption of eSIM technologies.
eSIM for IoT is comprehensive and provides many benefits for industries both small and large, consumer and enterprise models alike. One of the ultimate goals of eSIM for IoT is maximum operation efficiency. Additional benefits of eSIM include:
The benefits of eSIM carries through many different industries, including the following:
Automotive – Video telematics and Location-Based Services are great examples of solutions that eSIM can bring to the fleet market. Protection from evolving networks, sunsets, and more yields greater operational efficiency and lower monetary spending so businesses can focus on the safety of fleet managers and customer satisfaction.
Agriculture – eSIM for IoT has made precision farming for harvesters more efficient across the globe. GPS navigation, sensors, and control systems all play a part in smart agriculture and the growing market for eSIM in farming. IoT helps track feed bin levels and sensors help monitor cleanliness levels, resulting in real-time monitoring reports that are transmitted to farmers’ cloud data.
Smart cities – eSIM technology executes smart resources to produce smarter, more sustainable solutions in cities. Smart monitoring systems that track electricity usage, waste collection, and traffic patterns are all examples of how IoT improves quality of living in large cities.
Connected Health – Connected medical devices pair sensors with connectivity in a variety of applications, such as smart weight scales, thermometers, and pulse oximeters are powered by IoT. This kind of technology sends quick, accurate readings to cloud-based platforms to be examined by a healthcare professional. This type of technology infrastructure is what helps make remote patient monitoring and decentralized clinical trials possible.
Assets and logistics – Quality control and extensive tracking are important when monitoring your supply chain. eSIM for IoT provides proactive, visible solutions such as cold chain monitoring – technology that supports temperature-controlled containers that sustain goods from point A to point B without becoming spoiled. The cold chain monitoring market for IoT is expected to climb to a value of $17.8 billion by 2031.
KORE delivers expert solutions to support flexible, future-proof IoT connectivity for your business needs. We offer global coverage via a single eSIM to enhance scalability and reduce costs. Our award-winning eSIM solution, KORE OmniSIM, simplifies the complexity of logistical processes for IoT deployment.
To learn more about eSIM and how you can tackle the challenges of IoT, download our interactive infographic, “eSIM for IoT: Stats, Solutions, and Strategies for Your IoT Deployment”.