Strategy Analytics forecasts that licensed low power (LPWA) IoT cellular device sales will increase at an overall 29% CAGR between 2018 and 2025. 2020 will see slower growth due to the impact of Coronavirus on infrastructure roll outs and upgrades, but the long term outlook for NB IoT and LTE M, is extremely positive, with an expected 2018-2025 CAGR of 17% for LTE M and 34% for NB IoT.
This report contains forecast data for licensed low power IoT cellular device sales (NB IoT and LTE M) by year, by vertical industry and technology.