That is referring to the Modbus/TCP Server (Slave)...the end of the conversation that listens and responds to requests, and is specifying how many concurrent connections it supports. The Modbus/TCP Client (Master) is the end that does the requesting. There is no (practical) limit to those.
For best efficiency, consider creating one "Modbus TCP Client" device per remote device that you want to talk to. If the requests are very slow and infrequent, you can get away with using the built-in client device @IntModTCPClient to talk to more than one remote device...but I personally wouldn't. It's a little more work to set up clients for each, but I think the benefits outweigh the cost.
You can create additional Modbus TCP Client devices by selecting the "New Device" button on the Device Configuration page of the System Configuration.