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2019-05-16
Berg Insight says 5G will reach the IoT market in late 2020
According to a new report from the IoT analyst firm Berg Insight, 5G will make its first appearance in the IoT market in late 2020. The first 5G cellular IoT modules will become available to developers this year, enabling early adopters to create the first IoT devices based on the standard. Based on the experience of previous introductions of new standards, 5G will however not be an instant hit. By 2023, Berg Insight forecasts that 5G will account for just under 3 percent of the total installed base of cellular IoT devices. “5G still has some way to go before it can become a mainstream technology for cellular IoT”, says Tobias Ryberg, Principal Analyst and author of the report. “Just like 4G when it was first introduced, the initial version of 5G is mostly about improving network performance and data capacity. This is only relevant for a smaller subset of high-bandwidth cellular IoT applications like connected cars, security cameras and industrial routers. The real commercial breakthrough will not happen until the massive machine type communication (mMTC) use case has been implemented in the standard.” mMTC is intended as an evolution of the LTE-M/NB-IoT enhancements to the 4G standard. Since NB-IoT has only just started to appear in commercial products, there is no immediate demand for a successor. Over time, fifth generation mobile networks will however become necessary to cope with the expected exponential growth of IoT connections and data traffic. The report identifies homeland security as an area where 5G cellular IoT can have a major impact already in the early 2020s. “5G enables the deployment of high-density networks of AI-supported security cameras to monitor anything form security-classified facilities to national borders or entire cities”, says Mr. Ryberg. “How this technology is used and by whom is likely to become one of the most controversial issues in the next decade.”

2019-05-13
Berg Insight says cellular IoT connections now exceeds 1 billion worldwide
A new report from the IoT analyst firm Berg Insight estimates that the global number of cellular IoT subscribers increased by 70 percent during 2018 to reach 1.2 billion. Growth was driven by exceptional adoption in China, which accounted for 63 percent of the global installed base. By 2023, Berg Insight now projects that there will be 9.0 billion IoT devices connected to cellular networks worldwide. “China is deploying cellular IoT technology at a monumental scale”, said Tobias Ryberg, Principal Analyst and author of the report. “According to data from the Chinese mobile operators, the installed base in the country grew by 124 percent year-on-year to reach 767 million at the end of 2018. The country has now surpassed Europe and North America in terms of penetration rate with 54.7 IoT connections per 100 inhabitants.” The Chinese government is actively driving adoption as a tool for achieving domestic and economic policy goals, at the same time as the private sector implements IoT technology to improve efficiency and drive innovation. Berg Insight believes that the role of the government is the main explanation for why China is ahead of the rest of the world in the adoption of IoT. Like other advanced economies, the country has widespread adoption of connected cars, fleet management, smart metering, asset monitoring and other traditional applications for cellular IoT. It has also given rise to new consumer services enabled by connectivity like bike sharing. The most distinctive characteristic of the Chinese IoT market is however the way that the government is systematically using new technology to implement its vision for urban life in the 21st century. In the report, Berg Insight also analyses the IoT business KPIs released by mobile operators in different parts of the world and found significant regional differences. The monthly ARPU for cellular IoT connectivity services in China was only € 0.22, compared to € 0.70 in Europe. Global revenues from cellular IoT connectivity services increased by 19 percent in 2018 to reach € 6.7 billion. The ten largest players had a combined revenue share of around 80 percent.

2019-05-06
Shipments of connected wearables will reach 239 million in 2023
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 116.8 million worldwide in 2018. Growing at a compound annual growth rate (CAGR) of 15.4 percent, total shipments of smartwatches, smart glasses, fitness & activity trackers, smart clothing, mobile telecare and medical devices as well as other wearable devices are forecasted to reach 238.5 million units in 2023. Bluetooth will remain the primary connectivity option in the coming years. A total of 67.7 million of the wearables sold in 2023 are forecasted to incorporate embedded cellular connectivity, mainly in the smartwatch and telecare and medical device categories. The connected fitness & activity tracker segment is led by Chinese Xiaomi, which has been successful with its Mi Band fitness tracker. Fitbit, a pioneer in the segment, is still also among the largest vendors in the segment along with Huawei and Garmin. Berg Insight estimates that shipments in the segment reached 65.0 million units in 2018. This product category is now facing fierce competition from smartwatches that in most cases include activity tracking features. Apple entered the connected wearables market in Q2-2015 and quickly became the leading smartwatch vendor. In 2018, the company accounted for almost half of the total 45.5 million smartwatches sold during the year. “Apple continues to hold a firm grip on the smartwatch market and is at the forefront of innovation in the industry” says Martin Bäckman, IoT Analyst at Berg Insight. The competition has responded with increasingly capable and attractive devices from Wear OS vendors including Fossil, LG and Huawei as well as from vendors betting on other platforms such as Fitbit and Samsung. The smartwatch segment is expected to surpass fitness & activity trackers and become the largest device category within wearable technology in terms of shipments in 2021. “Technology advancements, increased consumer awareness and wide availability of devices in different price segments will enable smartwatches to reach shipments of 117.7 million units in 2023” concludes Mr Bäckman. Sales of smart glasses and head-mounted displays have so far been modest, but promising use cases in professional markets as well as in niche consumer markets will enable it to become a sizeable connected wearable device category in the next five years. A number of vendors including Daqri, ODG, Epson, Google, Microsoft, Kopin and Vuzix are active in the segment. Standalone VR headsets from companies such as Oculus and HTC aimed for the consumer market are gaining traction and accounted for a large share of the total 1.5 million devices shipped in the segment during 2018. Berg Insight forecasts that shipments of smart glasses and head-mounted displays will reach 11.9 million units by 2023. Annual shipments of medical devices and mobile telecare/mPERS devices are forecasted to grow from 1.8 million devices in 2018 to 6.9 million devices in 2023. The segment includes wearables such as cardiac rhythm management devices, ECG monitors and mobile telecare devices. Finally, annual shipments of wearables not covered by the above product categories such as authentication and gestures devices, smart rings, wrist-worn computers and scanners, smart jewellery and connected prosthetics are predicted to grow from 3.0 million units in 2018 to reach 13.0 million units in 2023.

2019-04-23
Europe and North America reached 20.9 million active insurance telematics policies in 2018
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 10.3 million in Q4-2018. Growing at a compound annual growth rate (CAGR) of 36.0 percent, this number is expected to reach 47.9 million by 2023. In North America, the number of insurance telematics policies in force is expected to grow at a CAGR of 36.2 percent from 10.6 million in Q4-2018 to reach 49.8 million in 2023. 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 more than 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 hardwired 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 programmes. The insurance telematics value chain spans multiple industries including a large ecosystem of companies extending far beyond the insurance industry players. Automotive OEMs show an increasing interest in insurance telematics. Examples include General Motors, Honda, BMW, Daimler, Hyundai, Toyota and FCA. “The vehicle manufacturers are expected to drive the development of insurance telematics by offering the possibility to utilise connected car OEM data in pay-how-you-drive offers”, said Martin Svegander, IoT analyst at Berg Insight. Notable aftermarket telematics service providers with a focus on insurance telematics include Octo Telematics that has a dominant market share and more than 5.6 million devices in insurance telematics programmes and other end-to-end solution providers such as Vodafone Automotive and Viasat Group. Targa Telematics, Trak Global Group, Cambridge Mobile Telematics, The Floow, Scope Technology and TrueMotion are also important players on the insurance telematics market. During the past years, we have seen attempts to share data between various service providers through intermediates. “The rise of marketplaces and data exchanges enables insurers to utilise telematics data from a vast range of data collection techniques as long as the policyholders agree to share their driving data”, concluded Mr. Svegander.

2019-04-08
The installed base of wireless IoT devices in the oil and gas industry reached 1.3 million in 2018
According to a new research report from the M2M/IoT analyst firm Berg Insight, the number of devices featuring cellular or satellite connectivity deployed in oil and gas applications amounted to 1.3 million at the end of 2018. Growing at a compound annual growth rate (CAGR) of 6.8 percent, this number is expected to reach 1.9 million units by 2023. Remote monitoring of tanks and industrial equipment in the midstream and downstream sectors comprise the most common applications for wireless solutions in the oil and gas industry. Berg Insight expects that shipments in the upstream sector will grow faster, although from a much smaller base, as cellular communications become an increasingly viable alternative to proprietary radio due to improved 4G LTE coverage in North America and broader support from the industry. While the market has been affected by the decrease in oil prices in recent years, significant developments have taken place in regard to the industry landscape and technological advances. Major automation vendors such as Emerson, Siemens, Schneider Electric, Yokogawa, Honeywell and ABB are investing heavily in the development of software platforms to support use cases surrounding predictive analytics and digital twins. Recent developments further include Rockwell Automation’s joint venture agreement with the major oilfield service company Schlumberger to create Sensia, an integrated automation solution provider in the oil and gas industry. On the communications side, several initiatives have been launched to promote the adoption of cellular technologies in the utilities industry, primarily in the US. In early 2019, leading cellular device providers, including Sierra Wireless, Cisco, MultiTech Systems, GE and Encore Networks together with spectrum licensees and utilities formed the Utility Broadband Alliance (UBBA) to advance the development of private LTE networks for critical infrastructure industries. Solutions for remote monitoring of assets such as wellheads, storage tanks and pipeline infrastructure are offered by major industrial automation vendors, as well as a large number of specialised providers. “Key consolidators in the market for remote monitoring solutions are the private equity held companies Quorum Software and DataOnline that have acquired six and three businesses respectively between 2015–2019”, said Fredrik Stalbrand, IoT Analyst, Berg Insight. He mentions recent deals such as Quorum’s acquisitions of the Coastal Flow Measurement family of companies and Flow-Cal in March 2019, as well as DataOnline’s purchase of Sierra Wireless’ iTank business in December 2018. Important vendors that specialise in remote SCADA and tank monitoring further include AIUT, Critical Control, eLynx Technologies, Silicon Controls, SkyBitz, WellAware, Zedi and ZTR Control Systems. “Several players continue to have inorganic growth as a key strategy, so further M&As can be expected among IIoT solution providers targeting the oil and gas industry in 2019–2020”, concluded Mr. Stalbrand.

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