SOURCE RESEARCH
eSIM in the Consumer and M2M Markets
Market Data | 1Q 2025 | MD-ESM-113
Get The ReportABI Research forecasts embedded SIM (eSIM) profile downloads to grow at a robust CAGR of 30.4% between 2024 and 2029, reaching nearly 1.3 billion downloads annually by the end of the decade. One of the biggest trends our analysts have been covering is the emergence of SGP.32, which is tailored for M2M/IoT applications beyond automotive. With standardization efforts out of the way, we forecast SGP.32 profile downloads to materialize in 2025, albeit just 90,000. But that number will quickly rise to 185 million by 2029, as enterprises rapidly adopt the technology for supply chain and other eSIM-focused applications.
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