Telehealth is fastest growing segment fueling the growth of eSIM Market
The global eSIM Market is estimated to be valued at US$ 14717.07 Mn or Mn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: An eSIM is an integrated circuit chip embedded in mobile devices that securely stores multiple integrated SIM profiles and allows remote switching between mobile network operators and mobile virtual network operators. eSIMs help users easily switch carriers without having to insert a new SIM card. They provide convenience and flexibility to users. Market key trends: The rapid adoption of IoT devices is a major trend fueling the growth of the eSIM market size . IoT connectivity has witnessed significant growth over the past few years. Many enterprises are investing extensively in connecting various assets and equipment to gain operational visibility. eSIMs facilitate easy deployment and management of connected IoT devices at scale. They ...