According to a demand analysis that was just published by Facts and Factors for the global eSIM market size & share revenue, the industry is expected to be worth approximately USD 25.8 billion by the year 2028, and it is anticipated to grow at a compound annual growth rate (CAGR) of approximately 16.42% from 2022 until 2028.
Why electronic SIM cards are rapidly becoming the standard?
Through the use of an embedded SIM, also known as an eSIM, the need for a conventional SIM card may be avoided. This is convenient for regular fliers since it eliminates the need for them to purchase a new SIM card each time they fly to a different place.
eSIMs may also be installed and activated more effectively than traditional SIM cards by scanning a QR code that registers an eSIM profile with a mobile network. This is done in place of physically inserting a SIM card into a mobile device. Connecting to most services does not take more than 15 minutes, despite the fact that some may need a PIN.
It is also much simpler to switch networks when using a smartphone that supports eSIM. This is because users no longer have to visit a network merchant to make the transfer or wait for the arrival of a real SIM card in the mail. Users need just choose their preferred service provider, connect to their network remotely by using an eSIM, and acquire the necessary information either over the phone or online.
eSIMs are unquestionably a creative departure from the format that has been used in the past, and they have almost no downsides in comparison to real SIM cards. In point of fact, electronic SIMs (eSIMs) have resolved the majority of the problems that were caused by traditional SIM cards, if not all of the problems.
The finest electronic SIM card provider
In 2016, SimOptions was established as a travel sim card marketplace after being incorporated. They have developed into a very competitive market for SIM cards throughout the course of the subsequent years. When the firm first began selling eSIMs in 2021, it sold 150,000 of them. These sales immediately surpassed the company’s sales of regular SIM cards.
The eSIM packages offered by SimOptions are much more advantageous than those offered by other suppliers. It covers over 160 countries and gives users data packages of up to 100 gigabytes in size, depending on where in the world they are travelling. Additionally, it provides eSIMs that are capable of sending SMS messages and making phone calls to local phone numbers. SimOptions collaborates with the most well-known telecommunications providers to guarantee that their eSIM users have a problem-free and quick experience. In addition, SimOptions is getting ready to introduce an eSIM app to further improve the company’s offerings to its customers. The business anticipates having at least one million customers by the beginning of 2023, having already reached a milestone of more than 500,000 users by the end of 2022.