eSIM and 5G: Game-changer in digital tech

This year’s Union Budget laid out a clear framework for modern technologies and in that, digital payments, VR, AI and IoT were highlighted. In order to realise IoT and related over the air services, a tiny yet major component on mobile devices will emerge as a harbinger of change: Embedded SIM or eSIM.

According to Counterpoint Research, global shipments of eSIM capable devices, including vehicles, grew 63% year-on-year in 2018 to 364 million units and is estimated to reach close to two billion units in shipments by 2025. This boom has started unfolding in smartphone as well as automobile industries, especially in scale markets like China. In India, the story is still in the beginning stages.