HOME ABOUT US REPORTS SUBSCRIPTIONS FAQs NEWS ARCHIVE
NEWS ARCHIVE / News
 
2017-12-13
The installed base of construction equipment OEM telematics systems will reach 4.6 million units worldwide by 2021
Berg Insight estimates that the global installed base of active construction equipment (CE) OEM telematics systems reached almost 1.8 million units in 2016. Growing at a compound annual growth rate (CAGR) of 21.3 percent, the active installed base is estimated to reach 4.6 million units worldwide in 2021. 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. Berg Insight estimates that the European market accounted for almost 0.4 million active construction equipment OEM telematics systems at the end of 2016. The North American market is estimated to be slightly larger than the European. The Rest of World 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 for its customers either independently or in collaboration with telematics partners. 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. “The leading construction equipment manufacturers by market share are unsurprisingly also by far the top players when it comes to the number of OEM telematics subscribers“, said Rickard Andersson, Senior Analyst, Berg Insight. He adds that this is a natural development in an industry where telematics has increasingly been included as standard with the machine purchase for quite some time, gradually covering more models and equipment categories. “Caterpillar and Komatsu together account for more than one million telematics units today”, continued Mr. Andersson. Other key players include Japan-based Hitachi Construction Machinery and South Korea-based Hyundai Construction Equipment as well as JCB, Volvo CE and Deere & Company which are based in the UK, Sweden and the US respectively. South Korea-based Doosan Infracore, Liebherr based in Switzerland and CNH Industrial which is headquartered in the UK all have global installed bases of construction equipment telematics units in the low tens of thousands. “Notably, half of the top-10 OEMs have surpassed the milestone of 100,000 telematics units globally”, concluded Mr. Andersson.

2017-12-12
Europe and North America will reach 65.2 million active insurance telematics policies in 2021
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 6.8 million in Q4-2016. Growing at a compound annual growth rate (CAGR) of 34.8 percent, this number is expected to reach 30.0 million by 2021. In North America, the number of insurance telematics policies in force is expected to grow at a CAGR of 38.2 percent from 6.9 million in Q4-2016 to reach 35.2 million in 2021. The European insurance telematics market is largely dominated by hardwired aftermarket black boxes while self-install OBD devices represent the vast majority of the active policies in North America. Several major US insurers have however recently shifted to solutions based on smartphones. Berg Insight expects a rapid increase in the uptake of smartphone-based solutions in all markets in the upcoming years. “The US, Italy, the UK and Canada are still the largest markets in terms of insurance telematics policies”, said Martin Svegander M2M/IoT analyst at Berg Insight. In North America, the market is dominated by US-based Progressive, Allstate, Liberty Mutual and State Farm as well as Intact Financial Corporation and Desjardins in Canada. The Italian insurers UnipolSai and Generali together accounted for around 50 percent of the telematics-enabled policies in Europe. Insurers with a strong adoption of telematics-enabled policies in the UK moreover include Admiral Group, Insure The Box and Direct Line. Several insurers in the rest of Europe have also shown a substantial uptake of telematics in 2016¬–2017. “Insurers are increasingly expected to embrace every aspect of telematics to reduce the cost of claims, improve the underwriting process and add services to increase the customer value through differentiated telematics offerings”, continued Mr. Svegander. He added that several attempts to reduce distracted driving and increase consumer engagement using smartphone-based insurance telematics have been seen in both Europe and North America. “Consumer engagement is now the focus for most insurance telematics programmes and will continue to be an important topic in the near term”, concluded Mr. Svegander. The insurance telematics value chain spans multiple industries including a large ecosystem of companies extending far beyond the insurance industry players. Automotive OEMs are showing an increasing interest in insurance telematics. Examples include General Motors, Ford, BMW, Daimler, PSA Group and Fiat. The vehicle manufacturers are expected to drive the long-term development of insurance telematics by offering the possibility to utilise connected car OEM data in pay-how-you-drive offers. Notable aftermarket telematics service providers with a focus on insurance telematics include Octo Telematics with over 5.3 million active devices in Q4-2017 and other end-to-end solution providers such as Vodafone Automotive and Viasat Group. LexisNexis Risk Solutions, Intelligent Mechatronic Systems, Cambridge Mobile Telematics, Modus, The Floow, Scope Technologies and TrueMotion are also important players on the insurance telematics market.

2017-12-07
Connected medication compliance monitoring solutions in Europe to reach 2.2 million by 2022
According to a new research report from the leading IoT analyst firm Berg Insight, the market for medication compliance monitoring solutions is still in an early stage with an estimated 138,000 connected devices in use in EU28+2 at the end of 2016. However, there are several promising business models for medication adherence solutions that are rolling out on the market. Berg Insight forecasts that the number of connected medication compliance monitoring solutions in EU28+2 will grow at a CAGR of 58 percent to reach 2.2 million by 2022. “Substantial business opportunities are emerging for solutions targeted at the social care sector. There is an opportunity to leverage medication dispensing solutions as a replacement for manual labour. Many patients rely on frequent visits from their home care provider for medication dispensing. Many of these visits can be reduced or eliminated through the use of medication dispensing solutions”, said Martin Bäckman, IoT Analyst, Berg Insight. Pharmaceutical companies have launched the first connected medication monitoring solutions that are bundled together with specific drugs. In this market, increased adherence can improve treatment outcomes as well as increase the sale of prescription medications. The costs of an adherence monitoring system can in many cases be offset by a small increase in the sale of drugs. Furthermore, monitoring solutions can be very useful for drugs that have side effects or limited efficiency when adherence is poor. Another target market is payers, which can reduce their total healthcare expenditures by decreasing indirect costs that arise from non-compliance. A barrier to adoption in this market may still be the limited clinical proof available on the positive effects that a specific adherence solution has on the total healthcare costs. The Netherlands became the first country to implement a reimbursement code for medication dispensing, enabling home care providers to use a remotely monitored medication dispensing solution to replace some home visits. There is also strong interest from home care providers and municipalities for this use case in the Nordic countries.

2017-12-05
The precision agriculture market to reach € 4.2 billion worldwide in 2021
According to a new research report from the M2M/IoT analyst firm Berg Insight, the global market for precision agriculture solutions is forecasted to grow from € 2.2 billion in 2016 at a compound annual growth rate (CAGR) of 13.6 percent to reach about € 4.2 billion in 2021. A set of technologies are applied in precision farming practices, which are aimed at managing variations in the field to maximise yield, raise productivity and reduce consumption of agricultural inputs. While solutions such as auto-guidance and machine monitoring and control via on-board displays today are mainstream technologies in the agricultural industry, telematics and Variable Rate Technology (VRT) are still in the early stages of adoption. Interoperability between hardware and software solutions remains a challenge, although standardisation initiatives led by organisations such as Agricultural Industry Electronics Foundation and AgGateway make progress. Most major agricultural equipment manufacturers have today initiatives related to precision agriculture although strategies vary markedly. Leading vendors of precision agriculture solutions include the world’s largest manufacturer of agricultural equipment Deere & Company, followed by the US-based precision technology vendors Trimble, Topcon Positioning Systems, Raven Industries and Ag Leader Technology. Hexagon further holds a strong position in the positioning segment through its subsidiary NovAtel. Major providers that specialise in data-oriented applications and agronomic services are the Monsanto subsidiary The Climate Corporation, Canada-based Farmers Edge and the newly formed DowDuPont with its Encirca services. A group of companies have furthermore emerged as leaders on the nascent market for in-field sensor systems. These include Davis Instruments, Pessl Instruments with its METOS brand, Semios, Hortau, AquaSpy and CropX. “The traditional industry boundaries within the agricultural sector are slowly beginning to blur as agricultural equipment and precision farming solutions are becoming parts of broader systems”, said Fredrik Stålbrand, IoT Analyst, Berg Insight. Partnerships and consolidation among agricultural equipment manufacturers and precision technology companies marked the theme of the last decade, but alliances are now expanding in scope among OEMs, input producers, software companies and agronomic services providers. “The market is today evolving into a thicket of interlocking relationships that create complex competitive dynamics. Investments in APIs along with open IT architectures will be key to support the level of flexibility needed in the digital ecosystem that is emerging within the agricultural industry”, concluded Mr. Stålbrand.

2017-12-04
Berg Insight says 16.5 million Europeans will use connected care solutions in 2022
According to a new research report from the IoT analyst firm Berg Insight, around 5.9 million people in Europe were using connected care solutions at the end of 2016. The figure refers to users of traditional telecare, next-generation telecare and telehealth solutions in the EU28+2 countries. Until 2022, Berg Insight forecasts that the number of connected care users will grow at a compound annual growth rate (CAGR) of 18.7 percent to reach 16.5 million. Traditional telecare is currently the largest and most mature of the three market segments, but the next-generation telecare and telehealth market segments are expected to have a higher growth rate while traditional telecare is being phased out. Berg Insight expects that traditional telecare will be overtaken by next-generation telecare as the largest segment of the connected care market with a forecasted 8.1 million users in 2022. However, traditional telecare will follow with 6.2 million users and telehealth with 4.0 million users at the end of the forecast period. The European connected care industry is facing major changes that will reshape the competitive environment for solution vendors and service providers during the coming years. One of the main developments is the digitalization of telephone networks that already has started in several countries. Massive replacements of telecare equipment will be needed due to that analogue devices no longer function reliably when the PSTN infrastructure is modernized. At the same time, the market is opening up to new types of solutions that can advance the delivery of care to the next level. This includes next-generation telecare systems that support functionalities such as remote visits and video communication. “There is a strong need for solutions that enable social care and healthcare services to be delivered more cost-efficiently without compromising the quality of care”, said Anders Frick, Senior Analyst, Berg Insight. He adds that this need will only grow stronger in the future as the European population structure ages and the prevalence of chronic diseases increases.

1 2 3 4 5 6 7 8 9 10 ...
   

© Copyright Berg Insight AB 2004-2017. All rights reserved.
Berg Insight, Viktoriagatan 3, 411 25 Gothenburg, Sweden, info@berginsight.com

Legal Notice, Privacy Policy.