Commenting on the segments adopting eSIM, Research Director, Neil Shah added, "Automotive and enterprise IoT devices will continue to remain high on the eSIM adoption curve in future. Further, the eSIM activation rate in cellular enterprise IoT devices will also be much higher than consumer IoT devices. Key drivers being fragmented deployments, module space savings, robust tamper-proof security, flexibility in choosing the best available cellular network seamlessly, and significant savings on physical provisioning, and maintenance costs."
According to the report, the adoption of eSIMs in smartphones should also drive the major volume growth with the adoption of eSIM by top players such as Apple, Google. Other connected devices such as mobile hotspots, routers, connected PCs, drones, and smartwatches though will grow at a higher CAGR due to a relatively smaller base of adoption right now. However, in terms of shipment volumes, smartphones and B2B IoT devices will lead.