By 2030, nearly 40% of these connections are expected to utilize eSIMs, revolutionizing global communications for connected devices. Additionally, Thales predicts that by 2028, there will be nearly 2 billion eSIM-enabled IoT devices worldwide.

Also, projections indicate that the global IoT market will reach over $622 billion in revenue by 2030, efforts to bridge the connectivity gap will intensify.

This growth trajectory underscores the critical need for innovative standards and solutions to meet market demands and address evolving challenges.