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2019-08-29
Monitored alarm systems in Europe and North America reached 46 million at the end of 2018
Berg Insight, the world’s leading M2M/IoT market research provider, today released new findings about the market for connected security applications. The number of monitored alarm systems in Europe is forecasted to grow from 15.6 million in 2018 at a compound annual growth rate (CAGR) of 3.6 percent to reach 18.6 million in 2023. In North America, the number of monitored alarm systems is forecasted to grow at a CAGR of 2.9 percent from 30.7 million at the end of 2018 to 35.4 million at the end of 2023. Small alarm systems for businesses and private homes can be divided into two main categories – local alarms and monitored alarms. The simplest type of local alarm only reacts to activation by emitting an alarm sound to alert the surroundings and scare off intruders. A more advanced type of local alarm is a self-monitoring alarm. Monitored alarms are connected to an Alarm Receiving Centre (ARC) that can respond to an activated alarm by contacting the police or dispatching a security patrol. ADT is the leading provider of monitored alarm systems in North America. Vivint and Comcast are other players with well over a million monitored alarms. SimpliSafe and Brinks Home Security (Monitronics) are two other major actors on the very fragmented North American market. Verisure is the leading player on the European market, with monitored alarms in a dozen countries. The second largest player on the European market for residential home security systems is Sector Alarm which has strengthened its position in Norway and Sweden through several acquisitions. Securitas and G4S are both sizeable players, especially in the northern part of Europe. In the southern part of Europe, Prosegur and EPS are two dominant players. United Technologies Corporation, Stanley Black & Decker and Johnson Controls (acquired Tyco in 2016) are also important players active in both Europe and North America. There is still a significant growth potential for monitored small alarm systems, especially in Europe where the total penetration reached only 6.4 percent of all businesses and households at the end of 2018. “The penetration of monitored alarm systems in North America is much higher than in Europe and the corresponding figure in this region was 23.0 percent at the end of 2018”, says Martin Backman, IoT Analyst at Berg Insight. The traditional home alarm service providers are facing increasing competition from telcos, home automation companies and DIY security providers, which brings new innovative offerings to the market. “Alarm systems are becoming more valuable for customers as the scope of offerings are being expanded to include detection of fire, carbon monoxide and water leaks, as well as home automation features such as smart plugs, locks, cameras, lighting and thermostat control”, concludes Mr Backman.

2019-08-20
The installed base of aftermarket car telematics devices will reach 150.0 million at year-end 2023
According to a new research report from the IoT analyst firm Berg Insight, the number of active aftermarket car telematics units will grow at a compound annual growth rate (CAGR) of 20.6 percent from 58.7 million at the end of 2018 to 150.0 million at the end of 2023. Berg Insight’s definition of an aftermarket car telematics solution in this report comprises both cellular/GNSS and RF-based solutions. A growing number of aftermarket telematics services have in the past few years become available for consumers that want to add services and connectivity to cars. Berg Insight forecasts that shipments of aftermarket car telematics devices for consumer applications will grow from 20.3 million units in 2018 to reach 51.0 million in 2023. ”Aftermarket car telematics solutions are useful in a number of application areas including stolen vehicle tracking and recovery (SVT/SVR), vehicle diagnostics, Wi-Fi hotspot, convenience applications and usage-based insurance”, said Martin Svegander, IoT Analyst at Berg Insight. Vehicle diagnostics allows service providers such as dealers and workshops to improve service offerings to car owners. Dealers and finance companies can moreover leverage telematics for internal fleet management and manage the customer lifetime value. Examples of convenience applications enabled by aftermarket telematics devices include remote control of certain vehicle functions such as door lock/unlock and finding the last parking position. Aftermarket car telematics services are offered by a wide range of players. Examples of leading telematics companies selling services via third parties or directly to consumers include Octo Telematics, Spireon, Ituran, Mojio, Scope Technology, Automatic Labs (SiriusXM), CalAmp (LoJack), Bright Box, Viasat Group and Vodafone Automotive. “Distributing services and products through third parties is the most common way to market for aftermarket car telematics solution vendors”, continued Mr. Svegander. Important sales channels include insurance companies, dealers, mobile network operators and online retailers. Some solution vendors also market their products on their own websites and through telemarketing. The connected car market is highly important for mobile network operators that bet on the Internet-of-Things market. Many mobile network operators have started to explore the aftermarket car telematics opportunity and they are well-positioned to provide such services. “Mobile network operators can accelerate sales by targeting their existing customer base as well as leverage an ecosystem of partners to pursue data monetization opportunities for their installed base of car telematics solutions”, added Mr. Svegander.

2019-08-19
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2019-07-05
Smart meter penetration in North America to reach 81 percent by 2024
According to new a research report from the IoT analyst firm Berg Insight, the installed base of smart electricity meters in North America will grow at a compound annual growth rate of 8.0 percent between 2018 and 2024 to reach 142.8 million at the end of the period. Over the next five years, smart meter penetration among electricity customers in the US and Canada is projected to increase from around 60 percent in 2018 to more than 80 percent by the end of 2024. “North America has long been at the forefront of smart grid technology adoption and a large share of the major utilities in the region are now either fully deployed or in the implementation or planning stages of full-scale rollouts. The market is however highly heterogenous in terms of penetration. Some states or provinces remain skeptical towards the business case for advanced metering investments whereas others are soon to begin a second wave of deployments”, said Levi Östling, IoT Analyst, Berg Insight and author of the report. Canada has reached a high penetration of smart meters through ambitious initiatives in its most populous provinces. Continued growth in North America the next few years will largely be driven by the large investor-owned utilities in the US that are yet to roll out smart meters for their customers. In addition, the large number of smaller cooperative and municipal utilities will also be playing an increasingly central role for penetration growth. According to the report, yearly shipments of smart electricity meters in North America will grow from 8.8 million units in 2018 to 19.9 million units in 2024. Over the next few years, first-wave deployments by utilities such as Consolidated Edison, Duke Energy, Ameren, Entergy, PSEG, National Grid and Xcel Energy will boost shipments. Second wave deployments will gradually make their way into the shipment numbers at the end of the forecast period. “While increasingly powerful meters with edge intelligence capabilities coupled with advanced data analytics software will drive second wave deployments, the utilities are now also looking to leverage their existing RF mesh networks for a wider array of applications beyond metering, bringing an increasingly diverse set of devices onto their networking platforms”, concluded Mr. Östling.

2019-07-04
Berg Insight says 18 million North Americans used connected care solutions in 2018
A new report from the IoT analyst firm Berg Insight has found that around 18.0 million people in North America were using connected care solutions at the end of 2018. The figure refers to users of medical alert systems, connected medication management solutions and remote patient monitoring (RPM) solutions in Canada and the US. RPM is the largest and most mature segment having a total of 16.1 million users at the end of 2018. The market for medical alert systems is considerably smaller with an estimated total of 3.1 million users, whereas the number of connected medication management users reached 900,000 at the end of 2018. There is an overlap between the market segments as medical alert users can also be equipped with a medication management solution or an RPM solution, and vice versa. The market is forecasted to grow at a compound annual growth rate (CAGR) of 18.3 percent during the next six years to reach 49.4 million connected care users by 2024. The leading use case for RPM have thus far been sleep therapy monitoring. Patients that suffer from sleep-disordered breathing such as obstructive sleep apnea (OSA) are typically prescribed an airflow generator, but many patients find the device unpleasant to use and poor compliance is common. Payers thus increasingly require that patients comply with their treatment plans to be reimbursed for the device which has driven equipment vendors to connect the devices. Philips is the largest provider of connected airflow generators. ResMed follows closely thanks to the company’s decision to include cellular IoT connectivity as standard in its Air Solutions product family. The North American market for connected care solutions is affected by several trends and developments that will have an impact on the competitive landscape in the following years. Changing demographics is driving the demand for home care, while technological developments and regulatory changes affect the competitive landscape for solution vendors. One of the major ongoing changes is the sunset of the landline telephone networks and cellular 3G networks, which forces equipment providers to upgrade their products. At the same time, the industry is becoming more patient-centric which calls for integrated systems and improved interoperability of connected care solutions. New companies are entering the connected care market and connected medication management solutions are today in the centre of attention for start-ups.

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