Connect with us

Hi, what are you looking for?

Economy

Juniper Research: Emerging GSMA Specifications to Grow Global IoT eSIM & iSIM Connections by 680% over Next Four Years

A new study from Juniper Research found the global number of IoT eSIM connections will near 1.3 billion by 2028, from 165 million in 2024.

This growth will be driven by emerging eSIM specifications that provide greater flexibility to enterprises to remotely provision eSIM profile switching over IoT devices.

The GSMA’s SGP.32 is the newest technical specification for eSIM remote provisioning for IoT devices, and enables the remote activation of eSIM profiles via an eIM (eSIM IoT Manager). Previous eSIM specifications caused network or user-interface constraints for IoT devices, as they relied on SMS for profile activation.

GSMA Standards to Increase IoT Opportunity

The study identified automotive, logistics, and oil & gas as the industries benefitting most from the introduction of the new specification. These industries, which require small form factors, are expected to account for over half of all eSIM-enabled IoT devices by 2028. The ability to ensure interoperable connectivity, enabled by SGP.32, is the key driving force for growth in these sectors.

It also anticipated the imminent arrival of further standards; noting SGP.42 as of key significance for stakeholders. SGP.42 provides similar functionality as SGP.32, but specifically for iSIM devices. iSIMs further reduce the form factor of devices, whilst retaining the same functionality.

Report author Elisha Sudlow-Poole remarked:

“Stakeholders must begin preparing for SGP.42 immediately, as iSIM standards become finalised. Standard-agnostic platforms that are flexible to upcoming form factors, certifications and use-case demands must be developed to capitalise on eSIM and iSIM market growth.”

Download free sample

The post Juniper Research: Emerging GSMA Specifications to Grow Global IoT eSIM & iSIM Connections by 680% over Next Four Years appeared first on IoT Business News.

You May Also Like

Economy

BlockSpan ICO: Accelerating NFT Innovation with Confidence The BlockSpan ICO aims to revolutionize the NFT space. To achieve that goal, it will provide an...

Investing

IDS share price has suffered a big reversal in the past few days as demand for the stock drops. Shares of Royal Mail’s parent...

Investing

ZIM Integrated (NYSE: ZIM) stock price has crashed hard after the company canceled its dividend as the shipping industry recoils. The shares plunged to...

Investing

Rolls-Royce (LON: RR) share price has been dead money in the past few days as investors react to the company’s turnaround and recent financial...



Disclaimer: Frequencytraders.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Frequencytraders.com