The expansion of connected devices across industries such as logistics, energy, and smart cities is accelerating the need to manage IoT solutions Latam remotely, centrally, and on a scale. In this context, the GSMA’s SGP.32 standard — specifically designed for massive eSIM deployments in IoT environments — is beginning to gain traction across Latin America, particularly for devices deployed in large or remote geographic areas.
This standard enables the remote and centralized provisioning and management of eSIM profiles across large-scale IoT deployments. Key advantages include mass activation capabilities, lower operational costs, and greater flexibility when switching connectivity providers.
While eSIM technology has been firmly established in the consumer market for years, adoption within industrial IoT environments is progressing more gradually. Several technical, regulatory, and operational barriers still impact large-scale deployment, including hardware lifecycle constraints, lack of native backward compatibility, certification requirements, and chip availability.
Adoption of eSIM and IoT technologies across Latin America is accelerating this year, driven by the shutdown of 2G/3G networks and growing demand for remote, scalable management capabilities.
According to Grand View Research, the Latin American eSIM market is expected to sustain steady growth between 2025 and 2033, increasing from US$544 million in revenue in 2024 to nearly US$746 million by the end of the forecast period. While adoption continues to be driven primarily by consumer electronics and smartphones, the expansion of projects related to industrial IoT, connected logistics, and smart cities is expected to significantly accelerate the M2M segment over the coming years.
Grand View Research projects continued growth in the Latin American eSIM market.
eSIM Market in Latin America
(in milions of U$S)
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Meanwhile, Mordor Intelligence estimates that the South American eSIM market will register a CAGR of 6.03% between 2025 and 2030, fueled by the expansion of 5G networks, growing adoption of eSIM-enabled smartphones, and the deployment of smart meters. Although consumer electronics currently dominate the market, the M2M/IoT segment is expected to experience the fastest growth through 2030, particularly in logistics and asset tracking.
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Across Latin America — as in other global regions — adoption of eSIM remote connectivity for IoT deployments is accelerating most rapidly in connected logistics, oil and gas operations, and smart cities infrastructure.
In connected logistics and fleet management, this technology enables real-time tracking of cargo and vehicles while optimizing supply chain operations across multiple borders using a single network identity.
In oil, gas, and mining operations, eSIM technology is being used to monitor pipelines, drilling equipment, and remote wellheads. In these environments, operators can troubleshoot issues and manage connectivity lifecycles remotely without dispatching technicians to physical sites.
Within smart cities and utilities, these solutions support use cases such as smart street lighting, automated metering, and Telemetry applications for water and electricity networks, as well as public security camera management.
The agriculture sector is also beginning to adopt these technologies to connect autonomous farming equipment and soil sensors in remote areas by integrating both cellular and satellite connectivity.
As these projects scale, organizations increasingly require platforms capable of centrally managing multi-operator connectivity, devices, and lifecycle operations through a unified environment.
At Plusmo, we support organizations with IoT services designed to deliver scalable connectivity across multiple networks through a single management platform.
