The installed base of fleet management systems in Europe will reach 17.6 million by 2023
The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 9.1 million in Q4-2018, according to a new research report from the IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 14.1 percent, this number is expected to reach 17.6 million by 2023. The top-22 vendors have today more than 100,000 active units in Europe. Webfleet Solutions’ subscriber base has grown both organically and by acquisitions during the past years and the company is the clear market leader on the European market and reached an installed base of about 770,000 units at year-end 2018. Verizon Connect is in second place and had achieved an installed base of 300,000 units. ABAX and Masternaut follow and have reached more than 220,000 units each. Targa Telematics, Microlise, Gurtam, Viasat and Bornemann are also ranked among the ten largest providers with 174,000–192,000 units each. Some notable players just outside of the top ten list are Teletrac Navman, Fleet Complete, Transics, Trimble, OCEAN (Orange), Macnil, GSGroup, Quartix, Eurowag Telematics, Ctrack (Inseego), Optimum Automotive, Ram Tracking, Cartrack, Radius Payment Solutions and Connexas Group. The HCV manufacturers are now growing their subscriber bases considerably in Europe thanks to standard line fitment of fleet management solutions. FleetBoard by Daimler, Dynafleet by Volvo and Scania Fleet Management are the most successful with active subscriber bases of 117,000 units, 128,000 units and 255,000 units respectively as of Q4-2018. The consolidation trend on this market continued in 2019. “Twelve major mergers and acquisitions have taken place in the past twelve months among the vendors of fleet management systems in Europe”, said Johan Fagerberg, Principal Analyst, Berg Insight. Project44 picked-up GateHouse Logistics and Microlise acquired a 20 percent stake in Trakm8 in December 2018. Year 2019 started off with a new FMS mega deal when TomTom Telematics was divested to Bridgestone Europe for a purchase price of € 910 million. BigChange in the UK acquired Labyrinth Logistics and Trace Systems also in January 2019. Vehco bought Paetronics in Finland adding 350 clients in the same month. In April 2019, Radius Payment Solutions announced the acquisition of Plant-i, a provider of tracking and telemetry solutions to the plant and construction sectors that tracks 25,000 vehicles. Radius Payment solutions also picked up Sure-Track later in November. The IT-company Triona acquired Fleetech in April. Masternaut once again changed owner in May when Michelin announced the addition of the company to its commercial vehicle telematics investment. Masternaut is Michelin’s third major acquisition in the fleet telematics industry, with previous investments in Nextraq in North America and Sascar in South America. Connexas Group (previously Isotrak) acquired the cold-chain specialist Seven Telematics in May before rebranding the company group as Connexas. The latest transaction was done in September when Vehco acquired Framlogic in Poland adding 650 clients and 25,000 equipped vehicles. Mr. Fagerberg anticipates that the market consolidation of the still overcrowded industry will continue in 2019–2020.

The public carsharing fleet reached 332,000 vehicles worldwide in 2018
According to a new research report by IoT analyst firm Berg Insight, the number of users of carsharing services worldwide is forecasted to grow from 50.4 million people in 2018 at a compound annual growth rate (CAGR) of 35.1 percent to reach 227.1 million people in 2023. Berg Insight forecasts that the number of cars used for carsharing services will grow at a CAGR of 29.2 percent from 332,000 at the end of 2018 to 1.2 million at the end of 2023. Carsharing is one of many car-based mobility services that have become available for people that want to complement other modes of transportation with car-based mobility occasionally. Examples of other car-based mobility services include traditional car rental, carpooling, ridesharing, taxi and ridesourcing services. Carsharing is a decentralised car rental service focusing on short term rentals. CarSharing Organisations (CSOs) offer members access to a fleet of shared cars 24/7 from unattended self-service locations. Usage is billed by the minute/hour and by distance driven, with rates that include fuel, insurance and maintenance. Today, most CSOs use station-based networks with roundtrip rental. This operational model requires members to return a vehicle to the same designated station from which it was accessed. Some CSOs have also started to offer one-way carsharing that enables users to return the car to any station operated by the CSO. Another model that is rapidly gaining in popularity is free floating carsharing, which enables members to pick up and drop off cars anywhere within a designated area. Leading vendors of hardware and software platforms enabling carsharing services include INVERS, Convadis, Omoove, Wunder Mobility, OTA Keys, Vulog, Ridecell, Targa Telematics and Mobility Tech Green. Several carsharing technology vendors are also targeting the emerging corporate carsharing market which can be used by corporations to increase corporate car pool availability and reduce mobility costs. Carsharing services are offered by specialist carsharing companies, car rental companies, carmakers, as well as other players such as public transport operators. “During the past year, carmakers have been very active and launched new carsharing services”, said Martin Svegander, IoT Analyst at Berg Insight. In February 2019, Daimler and BMW formally merged Car2go and DriveNow under the SHARE NOW brand. The Car2go app rebranded to SHARE NOW this November and the integration work will continue in 2020, starting in cities where both Car2go and DriveNow are present. Other carmakers including Volkswagen (WeShare), PSA Group (Free2Move) and Volvo Cars (M) have also launched new carsharing initiatives in 2018–2019. Car rental CSOs include Ubeeqo (owned by Europcar Mobility Group), Sixt Share (Sixt) as well as Zipcar (owned by Avis Budget Group). “Specialised carsharing providers such as EVCard, GoFun, GreenWheels, Pand Auto, Mobility Carsharing, Enjoy, Communauto, Socar, Delimobil and many others accounted for about 72 percent of the carsharing members and managed close to 70 percent of the carsharing fleet worldwide at the end of 2018”, concluded Mr. Svegander.

The installed base of FM systems in the Americas to reach 28 million units by 2023
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 9.5 million in Q4-2018. Growing at a compound annual growth rate (CAGR) of 17.0 percent, this number is expected to reach 20.8 million by 2023. In Latin America, the number of active fleet management systems is expected to increase from 3.4 million in Q4-2018, growing at a CAGR of 15.1 percent to reach 6.9 million in 2023. All of the top-25 fleet management solution providers in the Americas for the first time had at least 100,000 active units each in the region at the end of 2018. The top-25 vendors together had 8 million vehicles under management and the top-5 represented around 40 percent of the total installed base in the Americas. Berg Insight still ranks Verizon Connect as the leader in the fleet telematics space in the Americas. “Verizon’s closest competitor is Geotab which has grown considerably in the past years, now having an installed base of well over 1 million active fleet management subscribers in the region”, said Rickard Anderson, Principal Analyst, Berg Insight. Geotab is followed by Trimble and Omnitracs. Zonar Systems rounds off the top-5, just ahead of Michelin which has established a strong position in the Americas and beyond through multiple acquisitions. “Teletrac Navman, Fleet Complete and KeepTruckin are also major players with estimated installed bases of at least a quarter of a million units in the region”, continued Mr. Andersson. He adds that Berg Insight anticipates a future scenario where the global fleet management market is dominated by a handful of providers with installed bases measured in the millions, driven by growth strategies based on M&A activity and high-pace organic growth. “The milestone of one million connected units globally has already been surpassed by five solution providers, and three players have even reached the two million range”, concluded Mr. Andersson.

The number of smart homes in Europe and North America reached 64 million in 2018
According to a new research report from the IoT analyst firm Berg Insight, the number smart homes in Europe and North America reached 64 million in 2018. The most advanced smart home market is North America, having an installed base of 33.8 million smart homes at the end of the year. This represents a penetration of 24 percent. Between 2017 and 2018, the market grew by 38.6 percent year-on-year. The strong market growth is expected to continue in the next five years. By 2023, Berg Insight estimates that more than 60.3 million homes in North America will be smart, meaning 41 percent of all homes in the region. The European market is still behind the North American, in terms of market penetration. There were a total of 30.5 million smart homes in Europe at the end of 2018. The installed base in the region is forecasted to grow to 83.2 million homes at the end of 2023, representing a market penetration of 35 percent. The most popular products on the smart home market include smart thermostats, smart light bulbs, smart security cameras, smart air conditioners, smart door locks, smart plugs and smart speakers. The market for smart thermostats is led by companies such as Ecobee, Nest and Resideo. Berg Insight estimates that the installed base of smart thermostats amounted to 18.9 million units in North America and 6.6 million units in Europe at the end of 2018. Signify is the clear market leader in the market for smart light bulbs and other connected lighting products. Additional vendors in the segment include Ledvance, LIFX, Sengled, Merkury Innovations and IKEA. The installed base of connected light points at the end of 2018 amounted to 25.2 million units in North America and 22.4 million units in Europe. Smart speakers with integrated voice assistants have quickly become a popular smart home product. Amazon and Google hold a near-duopoly in the smart speaker market with an estimated combined market share of around 90 percent in North America and Europe. At the end of 2018, the installed base of voice-controlled smart speakers amounted to around 100 million units in North America and over 21 million units in Europe. The market for whole-home systems is served by traditional home automation specialists, home security providers, telecom operators and DIY solution providers. “On the North American market, interactive home security systems have emerged as the most common type of smart home systems”, said Martin Backman, IoT Analyst, Berg Insight. This type of systems represented 41 percent of the 13.3 million whole-home systems in the region at the end of 2018. The largest home security providers include ADT, Vivint and Comcast. “In Europe, traditional home automation systems and DIY solutions are more common as whole-home systems”, continued Mr. Backman. eQ-3, Deutsche Telekom, Verisure, Centrica Hive and Somfy are the largest vendors of whole-home systems in the region. The installed base of whole-home systems in Europe amounted to 6.8 million systems at the end of 2018.

Commercial IoT CMPs had 1 billion devices under management in mid-2019
According to a new research report from the IoT analyst firm Berg Insight, the number of devices managed on commercial IoT connectivity management platforms (CMPs) will grow at a CAGR of 32.6 percent from 770 million in 2018 to reach 3.15 billion by 2023. This accounted for about 63 percent of the total installed base of cellular IoT devices in 2018. Mobile operators use connectivity management platforms to facilitate the delivery of IoT connectivity services and offer self-service connectivity management solutions to enterprise customers. The adoption of third-party platforms has increased notably in recent years, although many mobile operators still use bespoke or in-house developed solutions to serve all or parts of their IoT operations. A number of leading mobile operators such as Vodafone, Deutsche Telekom, Verizon and Telefónica continue to invest in the development of their proprietary platforms to differentiate from the competition. IoT managed service providers comprise a third category of players that typically provide complete IoT connectivity management platforms next to connectivity and sometimes also other value-added services targeted at specific segments. A key differentiator for IoT managed service providers is the ability to aggregate multiple networks on their platforms and thus provide superior area coverage, multi-domestic footprints and multi-technology connectivity. Huawei is the leading IoT CMP vendor with close ties to the domestic mobile operators China Mobile and China Telecom and managed more than 600 million IoT SIMs in mid-2019. Whale Cloud, formerly known as ZTEsoft and partly owned by Alibaba Group since 2018, is the runner up on the Chinese market and managed 106 million IoT SIMs. Cisco is the largest commercial IoT CMP vendor outside of China with 130 million connections, followed by Vodafone and Ericsson. Vodafone is the only mobile network operator that licenses its platform to third-party service providers. “IoT managed service providers play a key role in the ecosystem in western markets, where they account for around 10–15 percent of IoT subscribers”, said Fredrik Stålbrand, Senior Analyst, Berg Insight. Aeris and KORE have consolidated their positions as leading players in North America, with 14 million and 11 million connections respectively. In Europe, Wireless Logic has close to 4 million IoT subscribers and is systematically expanding its regional presence through a combination of strategic acquisitions and organic growth. Cubic Telecom, Sierra Wireless, Arm, BICS and Transatel all have around 2–3 million IoT subscribers each. IoT managed service providers like EMnify and Eseye are at the forefront of integrating global cellular IoT connectivity with cloud platforms, enabling customers to seamlessly incorporate IoT connectivity management controls in their IoT solutions built on public cloud infrastructure. The variety of players in the IoT CMP market reflects the growing diversity of IoT connectivity offerings available. “Enterprises will need to reevaluate their connectivity needs and make more refined decisions about service delivery, carrier switching capabilities, coverage, security and pricing as their IoT projects evolve to the next level”, concluded Mr. Stålbrand.

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