Machine-to-Machine (M2M)/embedded mobile cellular subscriptions in the US stood at 170.18 million in 2023. Forecasts predict a steady growth trajectory with subscriptions expected to reach 202.37 million by 2027. The year-on-year growth rate is 4.88% from 2023 to 2024, and an average annual growth rate (CAGR) of 4.37% over the five-year period from 2023 to 2027.

Future trends to watch for:

Continuous advancements in IoT technology driving M2M adoption.
Expansion of 5G networks enhancing connectivity and subscription growth.
Increased industrial automation and smart city initiatives utilizing M2M solutions.