Global M2M/Embedded Mobile Cellular Subscriptions by Country

In 2023, Sweden leads the global M2M/Embedded Mobile Cellular Subscriptions with 248.79 subscriptions per hundred persons, followed by Iceland at 192.56. Countries like the Netherlands, Norway, and Germany also show significant numbers with values at 91.99, 87.48, and 84.36 respectively. The United States has 61.11 subscriptions per hundred persons indicating a strong adoption rate as well. While Japan, Finland, and New Zealand demonstrate moderate adoption rates, countries like Mexico and Chile lag far behind with values under 5.

Year-on-year variations from 2023 reveal that Iceland had the most significant growth at 70.85%, while other notable increases include Ireland (26.74%), Germany (24.8%), and South Korea (22.92%). Conversely, New Zealand saw a decline of 4.25%. Segment-wise, the CAGR indicates that many developed nations are showing steady increases over the past five years, reflecting an ongoing trend towards greater adoption of M2M/Embedded mobile technologies.

Future trends to watch for include increased adoption in emerging markets which currently display relatively low subscription numbers. Advancements in IoT technologies, along with decreasing costs of M2M modules, are likely to drive growth further. Additionally, regulatory developments and expanding 5G networks may play a crucial role in accelerating subscriptions across varied geographic regions.