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2016-06-23
Shipments of cellular M2M modules reached 96.0 million units in 2015
Berg Insight estimates that global cellular M2M module shipments increased by 19.4 percent in 2015 to a new record level of 96.0 million. A somewhat higher growth rate is expected for 2016. Until 2020, shipments of cellular M2M devices are forecasted to grow at a compound annual growth rate (CAGR) of 21.7 percent to reach 256.0 million units. East Asia, North America and Western Europe were the main geographical markets in 2015, accounting for around 75 percent of the total demand. The regions are similar in size measured by volume. Berg Insight projects that the relationship in relative market shares between the three regions will remain relatively stable in the coming five years. The latest 3GPP standards for LTE – Cat 1, Cat M1, and Cat M2 – will contribute substantially to growth in the next coming five years. These new standards are designed to be less complex to limit power consumption and are priced more favorably to address the mass market and make it viable to connect entirely new applications. The results of Berg Insight’s latest cellular M2M module vendor market share assessment show that the three largest module vendors have 72 percent of the market in terms of revenues. “Annual module revenues for the three largest market players Sierra Wireless, Gemalto and Telit increased by 12.5 percent to US$ 1.12 billion, with the total market value reaching approximately US$ 1.6 billion,” says Johan Fagerberg, CEO at Sweden-based M2M/IoT analyst firm Berg Insight. Sierra Wireless leads M2M module revenues, followed by Telit and Gemalto. SIMCom Wireless leads in shipments for the first time in 2015, but is only in fourth place in terms of revenues.

2016-06-17
Europe and North America reached 11.6 million insurance telematics policies at year-end 2015
According to a new research report from the analyst firm Berg Insight, the number of insurance telematics policies in force on the European market reached 5.3 million in Q4-2015. Growing at a compound annual growth rate (CAGR) of 37.2 percent, this number is expected to reach 25.8 million by 2020. In North America, the number of insurance telematics policies in force is expected to grow at a CAGR of 45.8 percent from 6.3 million in Q4-2015 to reach 42.1 million in 2020. The European insurance telematics market is largely dominated by hardwired aftermarket black boxes while self-install OBD devices instead represent the vast majority of all active policies in North America. Several major US providers of UBI have recently shifted to solutions based on smartphones. Berg Insight now expects a rapid increase in the uptake of solutions based on smartphones and also embedded OEM telematics systems in all markets in the upcoming years. The insurance telematics value chain spans multiple industries. Insurers with notable presence in the insurance telematics market include Progressive, UnipolSai, State Farm, Allstate, Generali, Allianz, Intact and Insure The Box. Renowned telematics suppliers active in the insurance field for example include Octo Telematics, Vodafone Automotive and LexisNexis Risk Solutions. Intelligent Mechatronic Systems, Cambridge Mobile Telematics, Modus, Baseline Telematics, DriveFactor and The Floow are also notable players on the market. Automotive OEMs are increasingly taking an active part in the ecosystem. Examples include General Motors, Ford, Renault-Nissan, BMW, Daimler and Fiat. In addition, mobile operators such as Vodafone, Telefónica, Verizon and Sprint are offering insurance telematics solutions, commonly working with telematics partners. The insurance telematics market is currently in a phase of strong growth in both North America and Europe. “Canada, the US and Italy in particular have seen a significant increase in the use of telematics-based auto insurance during 2015”, said Jonas Wennermark, IoT/M2M Analyst at Berg Insight. He adds that the UK is also one of the front-runners and that uptake is expected to increase in a number of additional countries in the coming years. Telematics-based insurance has already been introduced in a number of European countries including Spain, Austria, France, Switzerland, Germany, Denmark, Belgium and the Netherlands. Differentiated telematics offerings are predicted for a broader range of segments, and insurers are increasingly expected to embrace usage-based pricing as well as claims-related insurance telematics and various value-added services. In North America, smartphone based solutions are growing rapidly whereas Europe still largely favours device-based solutions. “We are also seeing a growing involvement from OEMs. Progressive and OnStar are about to launch what might become the first major PHYD offer using OEM data. There are also recent attempts to share OEM data through intermediaries such as Verisk and the Floow”, concluded Mr. Wennermark.

2016-05-30
The number of homes with smart thermostats grew rapidly in 2015
According to a new research report from Berg Insight, the number of North American and European homes with a smart thermostat grew by 81 percent to 5.8 million in 2015. The North American market recorded a 78 percent growth in the installed base of smart thermostats to 4.5 million. In Europe, the total number of homes with a smart thermostat grew by 90 percent year-on-year to reach 1.4 million. Berg Insight forecasts that the number of homes with smart thermostats in Europe and North America will grow at a CAGR of 54.5 percent during the next five years to reach 51.1 million in 2020. North America will remain the largest market at the end of the forecast period with 32.2 million homes that have smart thermostats, whereas the installed base in Europe is expected to reach 18.9 million homes. Smart thermostats is a particularly attractive opportunity in the smart home market, as these systems are of great interest for consumers, energy companies and HVAC service providers. Consumers embrace smart thermostats primarily due to the potential for energy savings, increased comfort and convenience. For energy companies, smart thermostats open up new possibilities to introduce consumer-friendly demand response and energy efficiency programmes. These programmes can enable significant capital savings as lower peak load can reduce expenditures on reserve power generation and the need to purchase energy on the spot market. Adding intelligence to residential heating and cooling systems furthermore opens up new opportunities for HVAC service providers. Predictive maintenance and remote diagnostics can allow repair and maintenance activities to be streamlined and done more efficiently. The North American smart thermostat market is led by Nest, Honeywell and Ecobee that each has sold more than a million thermostats, primarily through the retail, utility and professional installer channels. These companies are joined by vendors such as Radio Thermostat Company of America and RCS that have gained traction especially in the whole-home system channel through partners such as ADT, Vivint and Alarm.com. Other contenders on the North American market include Emerson, Lennox, Trane and Venstar. In Europe, leading smart thermostat vendors include the European based eQ-3 and Centrica as well as the North American vendors Nest and Honeywell. eQ-3’s smartphone-controlled radiator thermostats have been installed in more than 0.32 million homes. At the end of 2015, the Centrica owned utility British Gas had approximately 0.3 million smart thermostat users in the UK. Centrica also has 0.2 million smart thermostat users in North America through its Direct Energy operations. Another successful initiative by an energy company is the smart thermostat solution offered by Eneco in the Netherlands which has signed up around 0.15 million users for its Toon solution. Additional participants in the European smart thermostat market include Climote, Danfoss, Heatapp, Heat Genius, Netatmo, Ngenic, RWE and Tado.

2016-05-27
The number of smart homes in Europe and North America reached 17.9 million in 2015
According to a new research report from Berg Insight, the number smart homes in Europe and North America reached 17.9 million in 2015. North America is the world’s most advanced smart home market and the region had an installed base of 12.7 million smart homes at the end of the year, a 56 percent year-on-year growth. The strong market growth is expected to last for years to come, driving the number of smart homes in North America to 46.2 million by 2020, which corresponds to 35 percent of all households. The European market is 2–3 years behind North America in terms of penetration and market maturity. At the end of 2015, there were 5.3 million smart homes in Europe and the market is forecasted to grow at a compound annual growth rate (CAGR) of 54 percent in the next five years to reach 44.9 million smart homes by 2020, which corresponds to 20 percent of all European households. The most successful products on the smart home market include smart thermostats, security systems, smart light bulbs, network cameras and multi-room audio systems from vendors such as Philips Lighting, Honeywell, Belkin, Nest, Ecobee, MyFox, Sonos, Canary, Netatmo and D-Link. Major vendors of comprehensive whole-home smart home systems include a mix of energy-, security- and communication service providers and home automation specialists such as Vivint, ADT, Comcast, Control4 and AT&T in North America and Verisure, eQ-3, RWE, Deutsche Telekom and Loxone in Europe. “There is no doubt that regular consumers in the future will own and operate a wide range of connected objects in their homes, from connected home appliances and luminaires to thermostats and security devices” said Johan Svanberg, Senior Analyst, Berg Insight. The smart home market is still in its infancy though and many smart home ecosystems are underdeveloped and products are often complicated to use. “Attractive use cases, interoperable devices and well-implemented user interfaces are needed in order to accelerate the market”, added Mr. Svanberg. Several ICT industry giants are now betting on voice driven user interfaces to make it easier to control smart home solutions. The Alexa service from Amazon has quickly become popular and shows the value of smart home solutions to a broader audience. Furthermore, Apple’s HomeKit platform supports the company’s voice driven digital assistant Siri. Microsoft is likely to push their Cortana service as a foundation for controlling connected devices and services and Google announced its conversational digital assistant named Google Assistant in May 2016.

2016-05-16
Berg Insight is hiring
We are expanding our office in Gothenburg and are looking for an additional analyst. Find out more about the available position on the link below or find our ad on Linkedin.
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