Quarterly Publication of IoT Now: Edition Q1 2025
### Global IoT Connectivity: Navigating the Complex Landscape
The global IoT market is on an upward trajectory, with projections indicating a market size of around USD 76.97 billion by 2025, and a massive leap to USD 356 billion by 2034 [2][3]. The number of IoT devices is expected to surpass 19.8 billion in 2025, doubling to over 40.6 billion by 2034 [5]. This growth is fuelled by advancements in technologies such as 5G, edge computing, and real-time analytics [2].
In this dynamic landscape, eSIMs (embedded SIMs) and iSIMs (integrated SIMs) are playing pivotal roles in IoT connectivity. They offer flexible and efficient remote provisioning and management of cellular subscriptions, a feature particularly beneficial for IoT devices that require frequent network changes, such as in logistics and transportation [1].
eSIMs allow for the storage of multiple profiles on a single device, enabling effortless switching between different carriers and services. On the other hand, iSIMs, a more advanced form of eSIM, integrate the SIM functionality directly into the system-on-chip (SoC), further reducing space and increasing efficiency. They are expected to enhance IoT device connectivity in the coming years by providing more compact and energy-efficient solutions [4].
As the IoT ecosystem expands, the demand for eSIMs and iSIMs is expected to rise, especially in applications requiring secure and efficient connectivity management. Key trends include increased adoption, integration with emerging technologies, and market expansion beyond traditional IoT applications [6].
However, it's important to note that while eSIMs and iSIMs offer significant benefits, they do not solve every need in the complex and fragmented global IoT connectivity landscape [1]. The question of whether 2025 will be the year that eSIM goes global has been raised, but the specific data on eSIM/iSIM adoption within the IoT market is not detailed in the available information.
Several developments are shaping the future of IoT connectivity. For instance, Trasna has added device management through a deal with IoTerop, and Transforma Insights is questioning whether AIoT will change the dynamics for cellular connectivity in IoT [7]. Many IoT organizations manage multiple carriers and deal with inventories of SIM cards from different providers. To address these challenges, companies like AT&T have introduced the AT&T Global SIM Advanced fully-managed multi-IMSI eSIM offering [8].
Moreover, partnerships between companies like Sequans and Soracom with IBM for AI governance, and Inside Nuh! Digital partnering with floLIVE to deliver comprehensive connectivity across Brazil, are indicative of the collaborative efforts aimed at simplifying global IoT connectivity [9].
In conclusion, the global IoT connectivity landscape is evolving rapidly, with eSIMs and iSIMs playing a crucial role in managing and enhancing device connectivity efficiently. As the demand for smart devices continues to grow, so does the need for robust, resilient, and worldwide connectivity solutions. The future holds exciting possibilities for these technologies, as they continue to shape the IoT ecosystem.
References: [1] IoT Now, (2023). eSIM/eUICC evolution with SGP.32 doesn't solve every need. Retrieved from https://www.iot-now.com/ [2] Statista, (2023). IoT market size worldwide from 2020 to 2034. Retrieved from https://www.statista.com/ [3] Business Wire, (2023). Global IoT Market Size, Share & Trends Analysis Report 2023-2034. Retrieved from https://www.businesswire.com/ [4] IoT Now, (2023). IoT Now publishes a 14-page iSIM Handbook featuring interviews with Kigen, Murata, Sony, and Vodafone. Retrieved from https://www.iot-now.com/ [5] Statista, (2023). Number of IoT devices worldwide from 2020 to 2034. Retrieved from https://www.statista.com/ [6] IoT Now, (2023). Key trends in eSIM and iSIM adoption in IoT. Retrieved from https://www.iot-now.com/ [7] IoT Now, (2023). Trasna adds device management through a deal with IoTerop. Retrieved from https://www.iot-now.com/ [8] AT&T, (2023). AT&T introduces Global SIM Advanced offering. Retrieved from https://about.att.com/ [9] Sequans, (2023). Sequans and Soracom unveil new evaluation kits. Retrieved from https://www.sequans.com/
Technology advancements, such as 5G, edge computing, and real-time analytics, are driving the growth of the global IoT market.
eSIMs and iSIMs, which offer flexible and efficient remote provisioning and management of cellular subscriptions, are playing crucial roles in IoT connectivity, particularly in logistics and transportation.
