Shipments of cellular IoT modules reached 265 million units in 2019
Berg Insight estimates that global cellular IoT module shipments increased by 22 percent in 2019 to a new record level of 265 million. Annual revenues grew slower at 7 percent due to increased price pressure and a higher share of low-cost LPWA modules in the product mix. The 3GPP specifications for low power wide area communications – LTE-M and NB-IoT – will contribute substantially to growth in the next coming five years. While 5G coverage is improving rapidly across developed markets, 5G IoT modules will not be available commercially in significant volumes until the second half of 2020. The first 5G-enabled products will be routers and gateways that are likely to reach the market before year-end. Passenger cars equipped with 5G IoT modules are planned for release in 2021. Additional target IoT applications for 5G are video surveillance and other multimedia applications that today rely on wired communications. The results of Berg Insight’s latest cellular IoT module vendor market share assessment show that the five largest module vendors have 71 percent of the market in terms of revenues. “Annual module revenues for the five largest players Quectel, Sierra Wireless, Thales, Sunsea AIoT and Telit increased by 5 percent to US$ 2.2 billion, with the total market value reaching approximately US$ 3.1 billion”, says Fredrik Stalbrand, Senior Analyst at IoT analyst firm Berg Insight. In 2019, Quectel became the number one cellular IoT module vendor for the first time, surpassing Sierra Wireless. Thales, which completed the acquisition of Gemalto in April 2019, was in third place, followed by Sunsea AIoT and Telit. Cellular IoT module vendors will experience significant variability in sales across end markets in 2020 due to the Covid-19 pandemic. Utilities comprises the largest end market in terms of volume, in which smart metering projects continue as planned but sometimes at a reduced installation pace. Similarly, factory closings by major automotive OEMs and weaker demand for passenger cars will have a considerable impact on cellular IoT module sales for automotive applications this year. Despite challenges in the short term, Berg Insight believes that the current situation will accelerate the digitalization trend in the coming years. “Enterprises that have started their digital transformation journey are already at an advantage and today provide immense value for customers through remote management of processes, using connected devices to avoid unnecessary human contact”, concludes Mr. Stalbrand.

Video camera cellular connections in Europe and North America to reach 20.4 million by 2024
Berg Insight, the leading IoT market research provider, today released a new market report covering the connected video camera market. The report focuses on the following five application areas: city surveillance; commercial buildings and industrial site surveillance; smart home security cameras; body-worn cameras; and video telematics for commercial vehicles. The installed base of video cameras in Europe and North America will grow at a compound annual growth rate (CAGR) of 18.1 percent from 183.0 million units in 2019 to 420.3 million units in 2024. North America is the most successful region of the two and accounted for close to 70 percent of the total installed base in 2019. Today, city, commercial building and industrial site surveillance is the largest segment accounting for 60.1 percent of the installed base. Smart home security cameras is the second largest segment, accounting for 38.4 percent of the installed base. Video telematics for commercial vehicles and body-worn cameras are smaller segments, representing around 1.1 percent and 0.4 percent of the installed base respectively. Video cameras connected via cellular networks have traditionally been rather uncommon mainly due to requirements on bandwidth and reliability. Berg Insight estimates that only about 2 percent of the installed base of connected video cameras today use cellular technology. With the introduction of 5G networks, which is currently being rolled out across Europe and North America, the number of video cameras featuring cellular connectivity is anticipated to grow fast. Berg Insight forecasts that the installed base of video cameras featuring cellular connectivity will grow at a CAGR of 40.7 percent from 3.7 million units 2019 to 20.4 million units in 2024. 5G communications technology will have a major impact on all the video camera segments covered in this study and will result in a range of new use cases as well. Video surveillance systems will now be possible to install at remote or difficult locations. Body-worn cameras can provide police officers and other workers in the field with real-time data that are crucial for operations. “Video is anticipated to become one of the early volume 5G IoT connectivity use cases”, says Martin Backman, IoT Analyst at Berg Insight. He adds that video camera vendors are now ramping up their efforts to offer a range of 5G video cameras in the near future. “The market potential for all connected video camera segments is huge as new breakthrough technologies such as artificial intelligence and facial recognition are adopted on a wider scale”, concludes Mr. Backman.

Shipments of NFC-ready POS terminals reached 47.8 million in 2019
According to a new research report from specialist IoT analyst firm Berg Insight, the market for NFC-ready POS terminals continued to show strong momentum in 2019 with annual shipments reaching an estimated 47.8 million units worldwide. The attach rate for NFC was highest in EU28+2 and North America, where 94 percent of the POS terminals shipped featured NFC. NFC was also a very popular feature in many other major markets worldwide, including Brazil, Turkey and China. On a global basis, about 70 percent of the POS terminals shipped in 2019 included NFC. Berg Insight projects the global installed base of NFC-ready POS terminals will grow at a compound annual growth rate (CAGR) of 12.9 percent from 100.4 million units in 2019 to 184.5 million units in 2024. As a result, more than 88 percent of the world’s POS terminals will be NFC-ready in 2024, up from 62 percent in 2019. While the installed base of NFC-ready POS terminals has grown quickly, the contactless technology has in some cases not been activated. Berg Insight estimates that approximately 70.0 million POS terminals accepted contactless payments with Visa payWave, MasterCard PayPass or UnionPay Quickpass at the end of 2019. “The mPOS terminal market is growing faster than the traditional POS terminal segment and there are more than 70 vendors active on the global market today” said Johan Fagerberg, Principal Analyst at Berg Insight. mPOS is the use of consumer-oriented mobile devices such as tablets and smartphones that function as a point-of-sale terminal to facilitate payment card transactions through a connection to a card-accepting reader. The attach rate for NFC in the mPOS segment reached 64 percent in 2019 as NFC-ready mPOS terminal shipments reached 24.7 million units. Berg Insight forecasts that global shipments of NFC-ready mPOS terminals will grow at a compound annual growth rate (CAGR) of 12.7 percent in the next five years to reach 44.9 million units by 2024. “The growth is driven by the increase in mPOS terminal shipments from 38.3 million units in 2019 to 46.7 million units in 2024, as well as by a growth in the attach rate from 64 percent to 96 percent”, concludes Mr Fagerberg.

The installed base of video telematics systems in North America and Europe to exceed 4 million units by 2024
Berg Insight, the leading IoT market research provider, today released a new report covering the video telematics market. The integration of cameras to enable various video-based solutions in commercial vehicle environments is one of the most important trends in the fleet telematics sector. Berg Insight’s definition of video telematics includes a broad range of camera-based solutions deployed in commercial vehicle fleets either as standalone applications or as part of conventional fleet telematics. Berg Insight has found that the installed base of active video telematics systems in North America reached almost 1.6 million units in 2019. Growing at a compound annual growth rate (CAGR) of 15.7 percent, the active installed base is forecasted to reach more than 3.2 million units in North America by 2024. In Europe, the installed base of active video telematics systems was less than 0.5 million units in 2019. The active installed base is forecasted to grow at a CAGR of 16.1 percent to reach close to 1.0 million video telematics systems in Europe by 2024. The video telematics market is served by a number of different types of players, ranging from specialists focused specifically on video telematics solutions for various commercial vehicles, to general fleet telematics players which have introduced video offerings, and hardware-focused suppliers offering mobile digital video recorders (DVRs) and vehicle cameras. “Berg Insight ranks Streamax, Lytx and Samsara as the leading video telematics players in their respective categories”, said Rickard Andersson, Principal Analyst, Berg Insight. He adds that Streamax is the leading hardware provider and the company also offers software dashboards. “Lytx has the largest number of video telematics subscriptions, reaching more than 600,000 connected devices protecting 1.3 million drivers in 2019”, continued Mr. Andersson. Among the general fleet telematics players, Samsara stands out as an important solution provider with a sizable number of camera units deployed across its subscriber base. Additional major players in this space include the video safety specialist SmartDrive Systems, the fleet management player KeepTruckin and the video telematics company SmartWitness. The remaining top-10 providers are Nauto, Trimble, SureCam and VisionTrack. “Other noteworthy video telematics players include Netradyne, Seeing Machines, CameraMatics and LightMetrics which have all reached installed bases in the tens of thousands”, concluded Mr. Andersson.

The bikesharing fleet reached 23.2 million vehicles worldwide in 2019
According to a new market research report from the IoT analyst firm Berg Insight, the number of deployed vehicles in bikesharing schemes worldwide is forecasted to grow from 23.2 million in 2019 to reach 35.8 million in 2024. Bikesharing is a decentralised bicycle rental service, usually focusing on short term rentals that supplements other modes of transport including walking and public transport. Traditionally, most bikesharing operators have used station-based networks operated through public-private partnerships. This operational model requires members to pick up and return the vehicle at any designated station within a city. In Europe and North America, station-based bikesharing is the most popular operating model. Another model that is rapidly gaining in popularity is free floating services, which enables members to pick up and drop off vehicles anywhere within a designated area. Today, free floating bikesharing has become the most common bikesharing service in terms of deployed vehicles. There are hundreds of commercial bikesharing service providers worldwide. “Prominent bikesharing operators include Hellobike, Meituan Bike, JUMP (owned by Uber), Motivate (owned by Lyft), JCDecaux, Donkey Republic and Nextbike”, said Martin Svegander, Senior Analyst at Berg Insight. The vehicles used in bikesharing schemes are usually robust to endure more frequent usage than privately-owned bicycles. In addition, both free floating and station-based operators have in the past year launched bikesharing schemes comprising electric pedal-assisted bikes (e-bikes) to widen the service area and attract new customer segments. There are now a handful companies on the market specialising in bikesharing technology. “Examples of solution providers include companies such as Bewegen Technologies, Conneqtech, Omni, PBSC Urban Solutions, Sitael, Smoove, SoftTech Interactive Solutions and Youon Bike Technologies”, continued Mr. Svegander. These companies provide complete solutions including telematics hardware solutions, user identification and bike locks, information kiosks as well as fleet management platforms and mobile apps. Over time, features like yield management using dynamic pricing will be needed to support evolving services and increasingly complex partnerships with other mobility service providers. “A growing share of bikesharing operators will adopt dedicated software platforms from specialised third-party vendors in the future, rather than relying on systems developed in-house”, added Mr. Svegander. Software companies specialising in shared micromobility services that serve both bikesharing and scootersharing services include Joyride, Urban Sharing, ElectricFeel and Wunder Mobility.

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