Embedded SIMs to drive cellular M2M connections
Juniper Research has forecast that the number of cellular M2M connections will reach 1.6 billion globally by 2024, up from 596 million in 2019 — a growth of 165% over five years.
According to the study, remote provisioning and anti-fraud measures facilitated by embedded SIM technologies will drive uptake of cellular M2M in sectors such as automotive, smart cities and connected agriculture.
The research also found that adoption of eSIMs will expand by 350% over the next five years, exceeding one billion worldwide by 2024.
However, the research found that 5G will have only a limited impact on the M2M market in the next five years, forecasting that only 15 million 5G connections will be in use by 2024.
The study found that the automotive sector will be the primary industry player, accounting for 70% of 5G M2M connections by 2024.
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