Riding high on the demand of smartcities around the globe, the connected home segment is expected to contribute around half of all machine to machine (M2M) connections in the next five years. From a period spanning from 2015 to 2020, the connected home segment will have the largest volume of M2M connections growing from 2.4 billion in 2015 to 5.8 billion in 2020.
This finding was revealed in the latest Cisco Visual Network Index (VNI) released on June 7, 2016.
The report also says that in the forecast period IoT will grow faster than any other kind of connected devices leading to global IP traffic. Advancements in the Internet of Things (IoT) are continuing to drive IP traffic and tangible growth in the market. Applications such as video surveillance, smart meters, digital health monitors and a host of other M2M services are creating new network requirements and incremental traffic increases, the report adds.
Globally, the Cisco VNI report predicts, M2M connections will grow nearly three-fold from 4.9 billion in 2015 to 12.2 billion by 2020, representing nearly half (46 percent) of total connected devices. The connected health consumer segment will have the fastest growth (five-fold) of M2M connections from 2015 (144 million) to 2020 (729 million).
Making a prediction on the expected global IP traffic, the report forecasts it would reach 194.4 exabytes per month by 2020, up from 72.5 exabytes per month in 2015. Of this APAC region that includes India would contribute the maximum with 67.8 exabytes per month, showing second fastest growth of 22%.
Among other forecasts, Cisco VNI report expects global IP networks will support up to 10 billion new devices and connections, increasing from 16.3 billion in 2015 to 26.3 billion by 2020. There are projected to be 3.4 devices and connections per capita by 2020—up from 2.2 per capita in 2015. In the same period of next five years, one billion new internet users will join the network taking the total count to 4.1 billion in 2020 from 3 billion in 2015.