Canon announced the EOS M to compete in the mirrorless camera market back in 2012, but the camera line has failed to make much of a splash in the industry while competitors are eating up market share. That may change next year: Canon will reportedly focus more of its attention and resources on the EOS M line in 2016.

That’s what Canon Rumors says it’s hearing from sources that have been right in the past. Canon is said to be “actively developing” EOS M (camera) and EF-M (lens) products, and plans to “get serious about the platform” starting next year.
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https://petapixel.com/2015/08/21/canon-will-reportedly-focus-more-on-the-mirrorless-eos-m-system-in-2016/