For the first time ever, the Cisco Visual Networking Index predicts machine-to-machine connections that support internet of things (IoT) applications will be more than half of the total 27.1 billion devices and connections by 2021.
M2M services and devices will grow by 2.4-fold, from 5.8 billion in 2016 to 13.7 billion, by 2021, Cisco forecasts.
The health vertical will be fastest-growing industry segment with a 30 percent compound annual rate of growth. The connected car and connected cities applications will have the second-fastest growth, with 29 percent CAGRs.
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