In 2023, the UK recorded approximately 26.2 million M2M/Embedded Mobile Cellular Subscriptions. Forecasts from 2024 to 2028 indicate consistent growth, with subscriptions projected to reach 31.107 million by 2028. The year-on-year subscription growth is forecast to vary slightly, averaging about 3.5%, with particular acceleration from 2026 onward. The compound annual growth rate (CAGR) over the five-year period is projected to be around 3.5%, underscoring a steady upward trend in M2M/embedded mobile usage.
Future trends to watch for include technological advancements in connectivity such as 5G, increased IoT provisioning, and the growing demand for smart solutions across various sectors that may drive further growth in M2M subscriptions.
