Sustaining reliable connectivity is increasingly becoming a priority in the modern, fast-paced business environment, where customers demand quick responses and personalized solutions.
Additionally, as businesses grow and establish global networks, they must embrace innovative ways to connect with partners and employees to ensure smooth operations. However, companies must adopt efficient and cost-effective connectivity technologies to stay competitive.
One such technology is the eSIM solution. In this article, you will discover how eSIM solutions can enhance business connectivity with new markets and remote teams. Curious what business opportunities these business connectivity solutions hold? Read on to find out.
Why eSIMs matter in a remote business world
eSIMs are digital SIM cards that are built into communication devices, such as smartphones, to replace physical SIMS used by GSM telecommunication companies. These cards rely on software to allow users to connect to GSM networks.
The beauty of eSIMs is that they can connect to multiple networks without service providers’ physical SIM cards.
For instance, if your company is expanding to a different country and you travel to work in that region, you will not need to use the roaming services of your current mobile service provider. Just use your eSIM-enabled device to connect to a local GSM network and enjoy low-priced data bundles.
These capabilities come with multiple benefits, especially to your travelling executives and remote workers, as explained below:
- Access to low-cost data services – When working in remote locations without an internet connection, you may need to use roaming services of your telephony company, which can cost as much as $7.99 per MB. However, you can save many by connecting to local GSM data services via an eSIM solution. Read more details to see how roaming services work.
- Reliable internet connection – eSIMs enable you to connect to local GMS networks, which have good coverage and ensure that your remote teams have a reliable internet connection. On the other hand, roaming services are susceptible to network fluctuations and do not guarantee stable internet.
- Easy set up – eSIM solutions allow you to set up your remote teams easily and conveniently without procuring new hardware. The stable internet connection also allows your teams to work without interruptions, thus improving productivity.
Breaking down the business cost of traditional roaming
Did you know that traditional roaming could cost your business more than what you get from your service provider? Let’s take a look:
In cases where a business doesn’t cover employee roaming costs or does so partially, the burden of footing huge data bills falls on the remote teams. Such costs could lead to resentment, which leads to costly employee behavior like:
- Employee turnover – Your business will spend between 50% and 250% of an employee’s annual salary in replacement costs.
- Employee disengagement costs – Disengaged employees could cost your company up to 15% of its potential profits due to reduced productivity.
If you have large remote teams on roaming services, you may need to rethink your business connectivity strategy, as the actual costs could hurt your firm in the long run.
eSIM integration with business communication apps
eSIM solutions are designed to support seamless integration with most business communication apps such as Slack, WhatsApp Business, and Google Chat. You can turn eSIM-enabled smartphones into business communication devices, allowing you to communicate with your employees from anywhere.
Examples of ways your firm can benefit from eSIM integration include:
- Reduced operating costs – eSIM technology allows users to operate without physical SIM cards, thus eliminating costs associated with acquisition and storage.
- Efficient device management – It is easy to perform software updates on your eSIM devices, as your IT experts can access them remotely.
- Enhance data security – Your IT team can encrypt information shared over eSIM devices, thus ensuring sufficient data protection against unauthorized access.
- Improved customer experience – Your customers will be happier and more loyal when your remote teams respond to clients effectively, accurately, and promptly. eSIM integration gives you this flexibility by providing reliable connectivity.
How eSIMs support expansion into new markets
If your company is planning to expand into new markets, you can leverage the adaptability of eSIM solutions to make your entry into the regions smoother.
For instance, eSIMs eliminate the need to buy physical SIM cards, which increases entry costs, especially if you have many employees. You can reallocate such resources to other operations.
Mobile network carriers offer varied prices for their services. When you move to a new territory, you can choose the most cost-effective services from multiple service providers by activating different networks from the same device.
This way, you can always get the best deals in the market, thus keeping your costs as low as possible. eSIMs allow your experts to support teams in the new markets remotely. You do not need to move them into new regions.
This functionality helps you to allocate human resources to different projects without worrying about laborious physical movement. You can pass the cost savings you get from eSIMs to your clients as discounts and gain a competitive advantage over other players in the market. Competitive prices are a good way to attract clients, especially when entering new markets.
Future business opportunities in the eSIM economy
The adoption of eSIM technology has ushered in a new era for smartphone manufacturers to design phones without SIM card trays. This space can be customized to fit advanced features that make phones more useful to customers. This generation of phones could drive new revenue streams for manufacturers and resellers.
eSIMs have led to the emergence of Mobile Virtual Network Operators (MVNOs). Investors do not need to set up expensive physical mobile networks, but can purchase bandwidth from existing providers and resell it to clients using eSIM technology.
Experts in the IoT space stand to benefit immensely from the wide applications of eSIMs in wearables and industrial appliances that can be automated for data collection and analysis. eSIMs will make data sharing using IoT devices easier, thus encouraging automation in more sectors.
These business opportunities in the eSIM economy will disrupt the telecommunications industry for the better, and customers will have more control over which mobile operator to choose.
