A unit of data transfer rate equal to 1,048,576 bits per second or 1,024 kilobits per second.
Data rate is also often measured in Kbps or Gbps:
1 Mbps = 1024 Kbps
1 Gbps = 1024 Mbps
The "Mb" in Mbps should not be confused with MB, which stands for megabytes, a very different kind measurement.