According to a new market report the global location-based ambient intelligence market is projected to reach a value of approximately US$497 billion by 2027. According to Transparency Market Research, the market is projected to expand at a compound annual growth rate (CAGR) of about 21% from 2019 to 2027.
The evolution of IoT devices (such as smart metres, home appliances, in-vehicle systems and personal devices), has led to the use of eSIMs (embedded SIMs) on these devices. The use of an eSIM, which is soldered to the device during manufacturing, prevents the need to retrieve or replace the cards when activated or updated,
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