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A technology shift is underway in telecom as devices evolve beyond removable physical Subscriber Identity Module (SIM) cards in favor of embedded Universal Electronic Circuit Cards (eUICCs) and electronic SIMs (eSIMs). This shift is largely necessitated and driven by the rise of the Internet of Things (IoT), where devices are deployed and managed at scale. This makes manual processes associated with physical SIMs operationally infeasible. Equally applicable to consumer devices, eSIMs simplify subscription management, allow for more compact device form factors, ease distribution logistics, and enable remote device management. In 2023, the global eSIM market value is estimated at USD 4.7b and projected to grow to USD 16.3b by 20271.
The growth of eSIM has given rise to an environment of subscription management services that provision operator eSIM and manage them. In keeping with the rising trend of cloud usage for Information Technology (IT) applications, eSIM subscription management services are also transitioning to the cloud.