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eSIM Market to Reach $1.8 Billion by 2026.

 Since its launch back in 2016, the eSIM technology is only rising in popularity. In fact, amidst the pandemic, the eSIM market skyrocketed tremendously. With a current share of 24.6%, it will grow at a CAGR of 28% in the coming years.  

The graph is impressive since it was created back in 1991. It has shrunk from credit card size to Nano-SIM, a popular way of using a SIM even today. However, with technological advancements moving faster than light, it will further shrink and somehow vanish altogether. That's what gave birth to eSIM. In layman terms, the physical card will be replaced entirely by a virtual card, eSIM. This is a module built right into the mobile device. 

While this might sound like a tiny change, it can completely revolutionize the telecom value chain. Google Pixel 2 became the first smartphone to sport this technology. And now this technology is being used by Apple Watch Series 3. You can expect other industries to follow this trend soon. 

At the same time, it is natural that there will be some resistance from the telecom industry and SIM manufacturers. Still, this technology will soon become a reality since its opening doors to new business models. Also, it's giving opportunities to mobile network operators and other industries. 

In this article, let's decode this technology and help you understand more about this exciting innovation.

Read More :- https://www.pukkapartners.com/insight/e-sim-technology-how-is-it-disrupting-the-telecom-industry

Final Takeaways: The Exciting Road Ahead

It's evident that eSIM technology is more like a boon than a bane for this industry. However, many questions and queries need to be solved before it becomes a global phenomenon. The management of customer identity will be something that needs to be sorted first. 

Once that happens, it will create a major disruption and drive innovation in various markets. If you are an early adopter of this technology, you will definitely be one step ahead of your competition. So, are you all set?

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