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NB-IoT device sales to soar to 613 mln units in 2023 on China demand

Wednesday 16 May 2018 | 09:05 CET | News
Worldwide shipments of Narrowband Internet of Things (NB-IoT) devices are set to grow at a compound annual growth rate (CAGR) of 41.8 percent from 106.9 million units in 2018 to 613.2 million units in 2023, according to new data from Berg Insight. Growth will above all be fuelled by fast-rising demand in China where NB-IoT is set to replace 2G in mass-market applications as part of one of the world's largest digital infrastructure projects. NB-IoT has been designated as the country's preferred LPWA technology and already plays a key role in the national policies, said the report.

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Categories: Mobile & Wireless
Companies: Deutsche Telekom / Orange / Telefonica / TIM / T-Mobile / Verizon / Vodafone
Countries: World
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