Lexus

According to a new research report from the IoT analyst firm Berg Insight, the number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 31.9% from 49.0 million subscribers at the end of 2017 to 258.1 million subscribers at the end of 2023.

By 2016, global cellular M2M connections will balloon to 313 million, says a Yankee Group analyst, as more enterprises and consumers realise business benefits and improved experiences from connected devices.