In 2023, Norway's M2M/Embedded Mobile Cellular Subscriptions stood at 90.25 subscriptions per hundred persons. This figure marks the baseline for observing the forecasted trends from 2024 onwards.
From 2024 to 2028, there is a notable upward trend in subscriptions per hundred persons, with year-on-year variations indicating strong growth:
- 2024: 14.17%
- 2025: 15.00%
- 2026: 12.98%
- 2027: 11.42%
- 2028: 10.21%
Calculating the compound annual growth rate (CAGR) over this 5-year period, we find an impressive average annual increase of 12.75%.
Future trends to watch for include technological advancements in IoT and M2M communications, policy changes fostering digital transformation, and the adoption of 5G technologies. These factors will potentially sustain or even accelerate the upward trend in subscriptions.
