The Machine-to-Machine (M2M) and Embedded Mobile Cellular Subscriptions in Canada are projected to show a steady growth from 2024 to 2028. In 2023, the subscription count stood at 5.361 million. By analyzing the year-on-year variations, the growth rate from 2024 to 2025 is anticipated to be around 5%, followed by a consistent increase of approximately 4.7% to 4.9% annually thereafter. The compound annual growth rate (CAGR) from 2024 to 2028 is forecasted to be around 4.8%.
Future trends to watch for include advancements in IoT (Internet of Things) technologies, 5G network expansion, and regulatory changes that could impact M2M adoption rates. Additionally, innovations in sectors such as smart cities, healthcare, and automotive will likely drive further growth in M2M subscriptions.
