Key Takeaways
- eSIM Plus’s bold move to create the world’s first decentralized marketplace aims to level the playing field for telcos, foster competition, and enhance transparency in the telecom industry.
- The $4.7 billion eSIM market is attracting significant attention from traditional and modern telecom operators, setting the stage for innovation.
- eSIM Plus, operating in over 190 countries, boasts a substantial user base with an impressive 30% retention rate, solidifying its reputation as a trusted virtual SIM provider.
- As eSIM adoption accelerates and the sector expands, eSIM Plus’s innovative approach holds the potential to redefine how consumers and enterprises access and choose roaming services, driving positive change in the telecom industry.
In a strategic move to capitalize on the burgeoning $4.7 billion eSIM market, eSIM Plus, a globally recognized service provider, has announced its ambitious plans to develop the world’s first decentralized marketplace for consumers and operators. This move marks a significant step in eSIM Plus’s Telecom-as-a-Service strategy, aimed at transforming the telecommunications landscape.
eSIM Plus, with a presence in over 190 countries, has earned a reputation as one of the most trusted providers of virtual SIM cards, serving an impressive 3 million users with a remarkable retention rate of 30%. The company’s unique “roam-like-home” approach has endeared it to globetrotting customers. With the introduction of the new marketplace platform, eSIM Plus aims to establish strategic partnerships that will further reduce costs by bringing together major telecommunications companies and smaller regional players under one unified umbrella. The overarching goal is to break down borders in the telecommunications industry and provide users with greater transparency and accessibility to roaming services across the globe.
Dina Tsybulskaya, CEO of eSIM Plus, commented on the company’s groundbreaking venture, stating, “Globally, eSIM adoption is entering a high-growth phase, driven by the increasing availability of eSIM-capable devices from leading smartphone manufacturers. Through our innovative marketplace platform, we intend to level the playing field for scattered Mobile Network Operators (MNOs), whether they are nationwide traditional carriers or smaller regional players. By acting as a bridge between various networks, we aim to open up new avenues for telecom Small and Medium-sized Enterprises (SMEs), bringing them on par with the market access enjoyed by telecommunication giants.”
eSIM Plus’s enthusiasm for the new platform is grounded in its integration of several blockchain technology elements. The company’s extensive experience in telecom and technology equips it to address complex issues related to Know Your Customer (KYC) processes, revenue sharing, reconciliation, and operator switching.
Tsybulskaya emphasized, “The platform will empower consumers to have greater control over selecting roaming plans that align with their specific needs. Enterprises will also benefit significantly, as they can seamlessly switch between multiple networks and choose the best coverage available at any given moment.”
The eSIM sector is poised for substantial growth, with an estimated 76% or 6.7 billion eSIM smartphone connections projected to be in use globally by 2030. This expansion is expected to have a positive impact on telecom penetration in both developed and emerging economies. E-SIMs, known for their simplified features and lower carbon footprint, are gaining traction among business and leisure travelers, offering a seamless telecom experience anywhere in the world without the need to physically swap SIM cards.
eSIM Plus’s foray into creating a user-determined marketplace signifies a bold step toward reshaping the telecom industry, fostering competition, and providing greater choices for consumers and enterprises alike. As eSIM adoption continues to rise, the company’s innovative approach may set new standards for telecom accessibility and transparency, benefiting users and the industry as a whole.
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