According to a new research report from IoT analyst firm Berg Insight, global shipments of NB-IoT devices will grow at a compound annual growth rate (CAGR) of 41.8 percent from 106.9 million units in 2018 to reach 613.2 million units in 2023. At the end of 2017, the operator had live NB-IoT services in Italy, Spain, Ireland and the Netherlands. Other European operators with live NB-IoT services in early 2018 included Orange, TIM and Telia Company. Berg Insight predicts that adoption will accelerate during 2018/2019 and scale to massive volumes beyond 2020. Berg Insight forecasts that yearly shipments of LTE-M devices will reach 185.3 million units in 2023.

Source: The North Africa Journal May 17, 2018 12:00 UTC