What market potential does NB-IoT have?
NB-IoT has a huge potential on the M2M market. Of the 26.2bn estimated M2M connections in 2023, 37% will correspond to applications for which LPWA technologies are suitable and another 9% correspond to applications which could potentially be adapted to use LPWA connectivity. In 2023, over 3bn wide area M2M connections will be covered by LPWA technology. (Source: Machina Research)