The Internet of Things (IoT) and its applications in industrial settings are set to bring in the fourth industrial revolution. The industrial environment consisting of high profile manufacturing plants and a variety of equipment is inherently characterized by high reflectiveness, causing significant multi-path components that affect the propagation of wireless communications—a challenge among others that needs to be resolved. This paper provides a detailed insight into Narrow-Band IoT (NB-IoT), Industrial IoT (IIoT), and Wireless Sensor Networks (WSN) within the context of indoor industrial environments. It presents the applications of NB-IoT for industrial settings, such as the challenges associated with these applications. Furthermore, future research directions were put forth in the areas of NB-IoT network management using self-organizing network (SON) technology, edge computing for scalability enhancement, security in NB-IoT generated data, and proposing a suitable propagation model for reliable wireless communications
