Oasis Smart SIM, a privately owned French telecommunications company founded in 2010, is a subsidiary of Tata Communications. Employing approximately 50 people, the company generated less than $25 million in revenue in 2023. Its primary business involves providing both standardized and tailored eSIM connectivity solutions for global deployments.
ABI Research predicted 420 million eSIM-equipped devices by 2020. Juniper Research projected an increase in eSIM installations in connected devices from 1.2 billion in 2021 to 3.4 billion in 2025. The increasing demand for eSIMs presents challenges in providing necessary technology and infrastructure. eSIMs offer benefits for IoT networks in various sectors, including automotive, logistics, and telecommunications, due to features such as ruggedization, simplified bootstrapping, reprogrammability, and supply chain improvements. Service providers must prioritize a digital-first user experience to meet evolving customer demands. A wide range of eSIM-enabled devices are currently available.
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