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2020-07-24
Berg Insight says top ten mobile operators have 85 percent market share in cellular IoT
A new report from the IoT market research firm Berg Insight says that the global number of cellular IoT subscribers increased by 40 percent during 2019 to reach 1.56 billion. Growth was driven by strong uptake across the main markets for IoT solutions comprising China, North America and Western Europe. Due to the global COVID-19 pandemic, the growth in IoT connections is anticipated to be halved in 2020 compared to the previous year. By 2024, Berg Insight now projects that there will be 4.15 billion IoT devices connected to cellular networks worldwide. The top ten mobile operators reported a combined active base of 1.33 billion cellular IoT connections at the end of 2019, accounting for 85 percent of total connections. China Mobile is the world’s largest provider of cellular IoT connectivity services with an estimated 683 million cellular IoT connections. China Unicom and China Telecom ranked second and third with 190 million and 157 million connections respectively. Vodafone ranked first among the Western operators and fourth overall with 97 million connections, followed by AT&T with 66 million in fifth place. Verizon, Deutsche Telekom and Telefónica had in the range 24–46 million cellular IoT connections. Orange and Telenor were the last players in the top ten with about 17 million and 16 million connections respectively. Year-on-year growth rates for the mentioned Western operators were in the span 10–30 percent. “Vodafone and AT&T are consolidating their positions as regional market leaders in Europe and North America respectively, serving multinational clients on a global basis”, says Fredrik Stalbrand, Senior Analyst at Berg Insight. The two operators hold a strong position in the automotive OEM segment and are longstanding partners in the space, working together to provide a consistent service for joint customers. In terms of revenues, IoT connectivity services still account for around 1 percent of total revenues for most operator groups. Berg Insight’s analysis of the IoT business KPIs released by mobile operators in different parts of the world suggests that global IoT connectivity revenues increased by around 17 percent during 2019, while the monthly APRU dropped by 23 percent. “Mobile operators looking to increase IoT revenues increasingly focus on adding cloud services and security capabilities on top of their connectivity offering to capture a larger share of the market”, concludes Mr. Stalbrand.

2020-07-20
Europe and North America reached 27.5 million active insurance telematics policies in 2019
According to a new research report from the IoT analyst firm Berg Insight, the number of insurance telematics policies in force on the European market reached 12.8 million in Q4-2019. Growing at a compound annual growth rate (CAGR) of 28.2 percent, this number is expected to reach 44.5 million by 2024. In North America, the number of insurance telematics policies in force is expected to grow at a CAGR of 29.6 percent from 14.7 million in Q4-2019 to reach 53.6 million in 2024. The US, Italy, the UK and Canada are still the largest markets in terms of insurance telematics policies. In North America, the market is dominated by US-based Progressive, Allstate, Liberty Mutual, Nationwide and State Farm as well as Intact Financial Corporation and Desjardins in Canada. The Italian insurers UnipolSai and Generali together accounted for 50 percent of the telematics-enabled policies in Europe. Insurers with a strong adoption in the UK moreover include Admiral Group and Direct Line. The European insurance telematics market is largely dominated by aftermarket blackboxes while self-install OBD devices and mobile applications represent the vast majority of the active policies in North America. Berg Insight expects in the next years a rapid increase in the uptake of smartphone-based solutions in all markets as well as an increase in the use of OEM telematics data in insurance telematics programs. The insurance telematics value chain spans multiple industries including a large ecosystem of companies extending far beyond the insurance industry players. “Automotive OEMs such as General Motors, Honda, BMW, Daimler, Hyundai, Toyota and PSA Group now show an increasing interest in insurance telematics”, said Martin Svegander, Senior Analyst at Berg Insight. Players such as LexisNexis Risk Solutions, Verisk and CCC Information Services partner with OEMs and normalise connected car data in telematics exchanges which enables insurers to utilise telematics data from a vast range of sources as long as the policyholders agree to share their driving data. Notable aftermarket telematics service providers with a focus on insurance telematics include Octo Telematics that has a dominant market share and more than 6.0 million devices in insurance telematics programs and other end-to-end solution providers such as Vodafone Automotive, Viasat Group, Targa Telematics, IMS and The Floow are also important players on the insurance telematics market. “Smartphone-based insurance telematics solutions are now offered on a broad scale in both Europe and North America”, continued Mr Svegander. Cambridge Mobile Telematics is becoming a market leader in this segment of insurance telematics and powers more than 6.0 million insurance telematics policies, mainly in the US. Other prominent vendors of smartphone-based insurance telematics solutions include TrueMotion and Arity (subsidiary of Allstate). “The uptake of smartphone-based insurance telematics policies is further fuelled by the COVID-19 pandemic situation. Insurers that have launched smartphone-based telematics products are at an advantage and can deploy UBI policies without installing telematics devices avoiding unnecessary human contact”, concluded Mr. Svegander.

2020-07-09
The installed base of construction equipment OEM telematics systems will reach 6.9 million units worldwide by 2024
Berg Insight, the leading IoT market research provider, has in a new market research project found that the global installed base of active construction equipment (CE) OEM telematics systems reached almost 3.4 million units in 2019. Growing at a compound annual growth rate (CAGR) of 15.6 percent, the active installed base is forecasted to reach 6.9 million units worldwide in 2024. This includes all CE telematics systems marketed by construction equipment OEMs, either developed in-house or provided by the CE manufacturers in partnership with third-party telematics players. The North American market accounted for around 0.7 million active construction equipment OEM telematics systems at the end of 2019. The European market is estimated to be slightly larger than the North American. The Rest of World moreover represents more than half of the global installed base of CE telematics systems provided by construction equipment OEMs. Most major construction equipment OEMs have introduced telematics offerings. OEM telematics systems are today commonly factory-installed as standard at least for heavier machines. Berg Insight ranks Caterpillar and Komatsu as the leading construction equipment OEMs in terms of the number of CE telematics systems deployed worldwide. “Caterpillar has now reached the milestone of 1 million connected assets across all segments”, said Rickard Andersson, Principal Analyst, Berg Insight. He adds that Caterpillar and Komatsu are also by far the leading construction equipment manufacturers in terms of market share. “The remaining top-6 construction equipment OEM telematics players are JCB, Hitachi Construction Machinery, SANY and Volvo Construction Equipment which all have hundreds of thousands of active units”, continued Mr. Andersson. Other notable OEMs offering CE telematics solutions include Deere & Company, Doosan Infracore, Liebherr, CNH Industrial, Hyundai Construction Equipment, Tadano and JLG Industries. “All of these players have installed bases in the tens of thousands of telematics units deployed on various types of construction equipment, either independently or in collaboration with telematics partners”, concluded Mr. Andersson.

2020-06-29
COVID-19 highlights the need for real-time cargo tracking solutions
Berg Insight, the world’s leading IoT market research provider, today released a new market report covering the cargo tracking market. The number of active tracking devices deployed for cargo loading units including trailers, intermodal containers, rail freight wagons, air cargo containers, cargo boxes and pallets reached 7.5 million worldwide in 2019. Growing at a compound annual growth rate (CAGR) of 25.4 percent, this number is expected to reach 23.2 million by 2024. In terms of installed units, trailer telematics is today the most developed market, followed by tracking devices for general cargo applications and intermodal containers. The markets for tracking solutions for rail freight wagons and air cargo containers are considerably smaller but are estimated to grow substantially during the coming five years. The total market value for trailer and cargo container tracking solutions reached an estimated € 1.1 billion in 2019. Growing at a CAGR of 16.2 percent, the total market size is forecasted to reach € 2.2 billion in 2024. Berg Insight ranks ORBCOMM as the largest vendor of tracking solutions for cargo loading units, having a significant installed base of trailers as well as containers. ORBCOMM is together with SkyBitz, Spireon, CalAmp, PowerFleet and Samsara the leading players on the North American trailer telematics market in terms of number of active units. The European trailer telematics market is smaller than the North American and is dominated by Idem Telematics, Schmitz Cargobull, Transics/WABCO and CLS Group. Five major vendors on the container tracking solution market are Malaysia-based Envotech, China-based ZillionSource, France-based TRAXENS and Sierra Wireless and Geoforce based in the US. Mecomo and Agheera, both based in Europe, are major vendors in the adjacent swap body segment. Nexiot, Siemens, SAVVY and DOT Telematik based in Europe and Amsted Rail based in North America are significant vendors of tracking solutions for rail freight wagons. Sensitech, Roambee, OnAsset Intelligence and Controlant are notable players in the general cargo segment, also offering solutions for air freight cargo tracking. The global COVID-19 pandemic is anticipated to create an increased focus on supply chain visibility and security going forward. “In light of recent events it has been made clear that real-time data on the location and condition of cargo in transit is crucial for an efficient and reliable supply chain”, says Martin Backman, Senior Analyst at Berg Insight. Low-Power Wide-Area (LPWA) networks developed specifically for IoT applications such as Sigfox, CAT-M1, NB-IoT and LoRaWAN are now increasingly available around the world which lowers the barriers for adoption of tracking solutions. “There are great opportunities for solution providers ahead as there will be a surge for cargo tracking solutions post COVID-19 and there will be various communications technology options available to support different customer needs”, concludes Mr. Backman.

2020-06-22
Managed smart metering services to thrive as utilities seek to maximize the value of their smart grid investments
Berg Insight has in a new report published today found that the installed base of smart electricity and gas meters in Europe was 168.3 million in 2019. The installed base is forecasted to grow at a compound annual growth rate (CAGR) of 8.9 percent to reach 280.4 million units in 2025. The majority of new installations will take place in France, Italy and the UK, with significant contributions also coming from countries such as Austria and the Netherlands in the next couple of years. The penetration rate of smart electricity meters in the EU27+3 amounted to 45 percent in 2019. The corresponding percentage for smart gas meters was 28 percent. “As many large-scale European smart metering projects are now completed or in the midst of being rolled out, utilities are becoming increasingly occupied with how to maximize the value of their metering infrastructure by enabling a range of new applications and services beyond meter-to-cash”, said Levi Ostling, IoT Analyst, Berg Insight. The trend can also be seen among utilities which are yet to launch large-scale rollouts as these are looking to future-proof their systems and gain economies of scope. Major drivers for this development include a growing interest in electric vehicles, micro-generation systems and smart city applications. “From a utility procurement perspective, it is expected that there will be less focus on the underlying metering infrastructure in the long run, with functionality taking precedence over individual hardware choices” continued Mr. Ostling. In line with this development, service-oriented smart metering solutions have now become an area of interest among utilities throughout Europe, including both standalone software subscriptions and end-to-end managed services. In the next few years, managed services are anticipated to see a particularly strong growth in markets that comprise a large number of small- and mid-sized utilities. High upfront costs and lack of relevant technical expertise are two major barriers for adopting smart metering among utilities which have not yet done so. “Managed services have the potential to transform this remaining group of utilities to eager adopters in the 2020s”, concluded Mr. Ostling.

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