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2017-09-25
The installed base of fleet management systems in Europe will reach 14.1 million by 2021
The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 6.6 million in Q4-2016, according to a new research report from the M2M/IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 16.4 percent, this number is expected to reach 14.1 million by 2021. The top-14 vendors have today more than 100,000 active units in Europe. TomTom’s subscriber base has grown both organically and by acquisitions during the past years and the company is now the clear market leader on the European market and reached an installed base of about 609,000 units at year-end 2016. Masternaut is still in second place and had achieved an installed base of an estimated 300,000 units at the year-end. Berg Insight ranks Microlise as the third largest player in terms of active installed base with around 210,000 units. Verizon (Fleetmatics and Telogis), ABAX, Teletrac Navman, Bornemann, Transics, Trimble, Gurtam, Targa Telematics, Viasat and OCEAN (Orange) also have more than 100,000 active devices in the field. The HCV manufacturers are now growing their subscriber bases considerably in Europe thanks to standard line fitment of fleet management solutions. Dynafleet by Volvo, FleetBoard by Daimler and Scania Fleet Management are the most successful with active subscriber bases of 99,000 units, 99,000 units and 172,000 units respectively as of Q4-2016. The consolidation trend on this market continued in 2017. “Ten major mergers and acquisitions have taken place in the past twelve months among the vendors of fleet management systems in Europe”, said Johan Fagerberg, Senior Analyst, Berg Insight. Trakm8 acquired Roadsense Technology in August 2016. Roadsense is a supplier of fleet telematics and safety products in the UK. In September, Fleetmatics (Verizon) acquired the Portugal-based fleet management provider Inosat, thus expanding the presence in Southern Europe and to some extent also South America. The acquisition of Inosat added around 50,000 vehicle subscriptions to Fleetmatics’ existing installed base. Trackunit acquired German-based Dreyer+Timm in September 2016. Later in November, Fleetmatics (Verizon) announced the acquisition of Berlin-based TrackEasy, a fleet management software provider in Germany and Poland, adding approximately 15,000 vehicles to the installed base. In January 2017, Viasat Group acquired MobileFleet (majority stake adding about 23,000 subscribers). In February, Princip was acquired by W.A.G. Payment Solutions which is among the six largest European providers of payment solutions for road mobility. Viasat Group continued its acquisition spree in May when buying ICOM in Bulgaria. One of the largest transactions this year was when Investcorp acquired ABAX in June 2017. Investcorp paid NOK 1.8 billion (US$ 210 million), which translates to about US$ 1,000 per FM subscriber. Isotrak acquired UK Fleet Management technology business VeriLocation in the same month. The latest transaction was done in July when TIMKEN acquired Groeneveld Group that owns Groeneveld ICT Solutions. Mr. Fagerberg anticipates that the market consolidation of the still overcrowded industry will continue in 2017–2018.

2017-09-22
Meet Berg Insight at the European Utility Week and Insurance Telematics Conference events
Berg Insight will have analysts participating in these two upcoming events. Please contact us if you would like to take the opportunity to meet with us at these events. European Utility Week will take place in Amsterdam during 3-5 October 2017. The event brings together 10,000 of Europe’s thought leaders and visionaries behind the world’s most successful utilities and solution providers. The 3rd Annual Motor Insurance Telematics Conference in Amsterdam is held 19-20 October. The main topics of the conference include smartphone integration, effective data management, potential of gamification and development of mobile apps, cyber security and new opportunities for insurance telematics through autonomous vehicles and carsharing.

2017-09-07
Shipments of connected wearables will reach 262 million in 2021
Berg Insight, the world’s leading M2M/IoT market research provider, today released new findings about the connected wearables market. Shipments of connected wearables reached 96.5 million in 2016, up from 75.1 million devices in the previous year. Growing at a compound annual growth rate (CAGR) of 22.2 percent, total shipments of smartwatches, smart glasses, fitness & activity trackers, people monitoring & safety devices, smart clothing and medical devices as well as other wearable devices are forecasted to reach 262.5 million units in 2021. Bluetooth will remain the primary connectivity option in the coming years. A total of 26.8 million of the wearables sold in 2021 are forecasted to incorporate embedded cellular connectivity, mainly in the smartwatch and people monitoring & safety categories. Apple entered the connected wearables market in Q2-2015 and quickly became the leading smartwatch vendor. The competition have been responding with increasingly capable and attractive devices from Android Wear vendors including Motorola, LG, and Huawei as well as from vendors betting on other platforms such as Samsung. Smartwatch sales are expected to pick up considerably during 2017 and Berg Insight estimates that shipments will reach in the region of 35.0 million units, a 66 percent increase year-on-year. “Technology advancements, increased consumer awareness and wide availability of devices in different price segments will help the smartwatch category to reach mass market appeal and surpass activity trackers as the largest device category within wearable technology by 2019”, said Adam Palmborg, IoT Analyst, Berg Insight. Today, fitness and activity trackers is still the largest device category and shipments are expected to reach 74 million units in 2017. Market pioneers such as Fitbit and Garmin have in the past years been accompanied by an abundance of companies including major players from the smartphone industry. “Xiaomi has been particularly successful within the fitness and activity tracker segment, the company is continuously expanding its reach and sales have been largely driven by increased interest from the Asian market”, comments Mr. Palmborg. This product category is now facing fierce competition from smartwatches that in most cases include activity tracking features. Decreasing prices and new form factors will still enable dedicated fitness & activity trackers to reach shipments of 81.0 million units in 2021. Smart clothing is expected to gain significant traction within the next five years. Low consumer awareness, overlapping use cases and a focus on elite and professional applications have so far limited the adoption among the general public. Berg Insight forecasts that shipments of smart clothing will reach 18.3 million units in 2021, up from 1.56 million units in 2016. The segment exhibits the second highest CAGR in the wearables industry. Connected wearables such as cardiac rhythm management devices, ECG monitors, mobile Personal Emergency Response Systems (mPERS) and wearable computers are already common in the medical, people monitoring and enterprise segments. Furthermore, miniaturised electronics, low power wireless connectivity and cloud services have enabled the development of a wide range of novel connected wearables such as authentication and gestures wristbands, notification rings, smart motorcycle helmets and smart gloves. Shipments of smart glasses have so far been modest, but promising use cases in professional markets as well as in niche consumer segments will enable smart glasses to become a sizeable connected wearable device category in the next five years.

2017-09-01
Berg Insight adds analyst to its team
We welcome our new colleague Martin Svegander to Berg Insight. Martin will work as an M2M/IoT analyst specializing in the automotive sector in our Gothenburg office.

2017-07-21
The installed base of FM systems in the Americas will exceed 18 million units by 2021
According to a new report from the leading M2M/IoT market research provider Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 6.7 million in Q4-2016. Growing at a compound annual growth rate (CAGR) of 15.0 percent, this number is expected to reach 13.5 million by 2021. In Latin America, the number of active fleet management systems is expected to increase from 2.5 million in Q4-2016, growing at a CAGR of 12.9 percent to reach 4.7 million in 2021. The top-25 providers of fleet management systems in the Americas together have today a combined installed base of more than 6 million active units in the region. Notably, all of the top-15 players each had more than 100,000 active units in the Americas at the end of 2016. More than 40 percent of the total number of units deployed in the region is represented by the five largest fleet management vendors alone. Verizon has as a result of an ambitious acquisition strategy captured the pole position in the fleet telematics space in terms of size. “The combination of Verizon’s Networkfleet, Telogis and Fleetmatics operations under the same ownership has clearly cemented the US-based carrier as the overall leader from a global perspective”, said Rickard Andersson, Senior Analyst, Berg Insight. In the Americas, Verizon is estimated to outnumber the closest competitors by a factor of three. The runners-up include Trimble, Geotab and Omnitracs which have all surpassed 500,000 active fleet management subscribers in the Americas as of the end of 2016. Zonar Systems is the fifth largest provider in the region, now majority-owned by Continental while Daimler Trucks North America has retained a minority stake. “The OEM telematics initiatives in the Americas have intensified in recent years and most vehicle manufacturers now offer factory-installed fleet telematics solutions either independently or through partnerships with established aftermarket fleet management solution providers”, said Mr. Andersson. He adds that large installed bases of OEM telematics systems are now found especially on the North American market where partner-powered systems are particularly commonplace. Telogis is for example working with vehicle manufacturers such as Ford, Hino, Volvo Trucks, Mack, GM, Isuzu and most recently Mitsubishi Fuso Truck of America. Notably, also manufacturers having developed OEM telematics systems in-house have in recent years started to collaborate with aftermarket partners, for example to offer tailored functionality for specific local markets. “Berg Insight anticipates that the partner strategy will continue to grow in popularity among the commercial vehicle manufacturers at the expense of in-house telematics development efforts”, concluded Mr. Andersson.

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