Rethink give their no-nonsense LPWAN Revenue Forecast, 2017 to 2023

Previous forecasts have overcooked the market, predicting astronomical figures. It is clear that there is overlap between the forecasts and some double counting is going on.

LPWAN is on the verge of take-off, as cellular LPWAN technologies are introduced and will see an expansion of 45% CAGR across the next 7 years, reaching $19.1bn dollars of annual revenue in 2023.

Most of this growth will be supported by the performance of NB-IoT, LTE-M and Wi-SUN technologies. 

LoRa has seen a recent uptick, which we believe will continue, over the next 7 years. Sigfox’s trajectory remains consistent, and the technology will continue to grow at its current rate – but not accelerate.

Source :


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