Machine-to-machine (internet of things) communications supplied by mobile networks is predicted to support 69.39 million devices in 2020, growing to 177.87 million devices in 2025, estimates the Business Research Company.
Connectivity revenues are expected to grow from $7.19 billion in 2020 to $8.76 billion in 2021 at a compound annual growth rate of 21.77 percent, the firm predicts.
The mobile M2M connectivity services market is expected to reach $23.79 billion in 2025 at a CAGR of 28.37 percent, the firm believes.
source: Business Research Company
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