According to the report, in 2013 M2M connections represented nearly five percent of mobile-connected devices in use and generated more than one percent of total mobile data traffic.
By 2018, M2M connections will represent nearly 20 percent of mobile-connected devices in use and generate almost six percent of total mobile data traffic.
There will also be a marked increase in wearables.
In 2013, there were 21.7 million global wearable devices.
By 2018, there will be 176.9 million global wearable devices or a 52 percent compound annual growth rate.
The average mobile connection speed is also expected to nearly double from 2013 to 2018, a key factor in supporting mobile data traffic growth.
The report found many global service providers were deploying 4G technologies to address consumer and business users' strong demand for wireless services and content.
According to Cisco, in many emerging markets, service providers are creating new mobile infrastructures with 4G solutions.
In some mature markets, service providers are supplementing or replacing legacy 2G or 3G solutions with 4G technologies.
Cisco predicts, by 2018, 4G connections will support 15 per cent of all connections, up from 2.9 per cent in 2013.
4G traffic will grow 18-fold from 2013 to 2018, a 78 per cent CAGR.
While mobile video traffic will increase 14-fold from 2013 to 2018 and will have the highest growth rate of any mobile application category.
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